In today’s unpredictable world, securing your family’s financial future is more important than ever. A 5 year life insurance policy is one of the simplest and most affordable ways to ensure that your loved ones remain protected during difficult times.
Whether you're transitioning between long-term policies, planning for a specific short-term financial goal, or working in a high-risk job, a 5 year term life insurance policy gives you just the right coverage without locking you into long-term commitments.
Some of the best Term Insurance quotes in UAE & Dubai are:
A 5-year term life insurance policy is a contract that provides life coverage for five years. If the insured person passes away during this period, the nominee receives the sum assured as a death benefit. However, if the policyholder survives the term, there is no maturity benefit, making it a pure protection plan.
This makes it an excellent choice for people looking for short-term coverage, especially those —
Here are some compelling reasons to consider a 5 years term insurance plan in the UAE —
Benefits |
Details |
---|---|
Affordable Premiums |
Short term means lower risk for insurers, leading to lower premiums. Some plans start under AED 200/year |
High Coverage |
You can get coverage of up to AED 5 million |
Flexible Payment Options |
Pay premiums monthly, quarterly, annually, or in one go |
Quick Approval |
Minimal documentation and faster underwriting for short-term plans |
Rider Add-ons |
Add critical illness cover, accidental death benefit, premium waiver, etc |
Custom Payout Options |
Choose between lump sum or staggered payments for beneficiaries |
The working mechanism is simple —
Note: This type of insurance is solely for protection with no investment or no savings component
Plan Type: Level Term Plan Life Cover: AED 1,000,000 Policy Term: 5 years Premium: AED 667 yearly* |
Add-on |
Coverage |
Premium (5 years) |
---|---|---|
Accelerated Critical Illness |
AED 100,000 |
AED 138.96 |
Permanent Total Disability |
AED 1,000,000 |
AED 107.14 |
Passive War Risk |
AED 1,000,000 |
Included |
Plan Type: Level Term Plan (ITA and IDTA options) Life Cover: AED 1,000,000 Policy Term: 5 years Premium: AED 1,254 yearly* |
Add-on |
Coverage |
---|---|
Accelerated Critical Illness |
AED 175,000 |
Permanent Total Disability |
AED 175,000 |
Premium Waiver |
AED 1,000,000 |
Plan Type: Regular Pay, Level Term Life Cover: AED 1,000,000 (Min USD 100,000) Policy Term: 5 years Premium: AED 1,170 yearly* |
Plan Type: Critical Illness Cover (not a pure term life plan) Life Cover Equivalent (Critical Illness Payout): AED 1,000,000 Policy Term: 5 years (renewable) Premium: AED 1,370 yearly* |
Plan Type: Level Term Plan Life Cover: AED 1,000,000 Policy Term: 10 years Premium: AED 705 yearly* |
Add-on |
Coverage |
Premium (10 years) |
---|---|---|
Accelerated Critical Illness |
AED 100,000 |
AED 206 |
Plan |
Yearly Premium* |
Critical Illness Addon |
Terminal Illness |
Disability Addon |
---|---|---|---|---|
HAYAH |
AED 667 |
AED 138.96 (AED 100K) |
Included |
AED 107.14 |
Zurich |
AED 1,254 |
Request (AED 175K) |
Included |
Request |
LIC Intl. |
AED 1,170 |
Rider Included (AED 1M) |
Part of Rider |
Not mentioned |
Arabia Insurance |
AED 1,370 |
Included |
CI Focused |
❌ |
Takaful Emarat |
AED 705 |
AED 206 (AED 100K) |
Included |
Not mentioned |
*For reference only — actual premiums may vary as per your age, health profile, and other factors
Here’s a closer look at the core features of a 5 year life insurance plan —
✅ Death Benefit: Paid to your nominee if you pass away during the policy term
💰 Low Premiums: Especially for young, healthy applicants
📈 High Coverage Ratio: Pay less, get more protection
🚫 No Maturity Benefit: Pure protection without return if you survive the term
🧾 Optional Riders:
📆 Premium Flexibility: Pay monthly, quarterly, yearly, or upfront
🧘 Peace of Mind: Short-term coverage with full financial security for your dependents
A 5 year term plan suits the following individuals —
Category |
Why It's Suitable |
---|---|
Sole Breadwinners |
To secure your family’s financial future in your absence |
Senior Citizens (under 65) |
Quick cover without a long-term commitment |
Expats with Limited Stay |
Protection during your UAE residency period |
High-Risk Jobs |
Short-term safety net with high death benefit |
Temporary Financial Obligations |
To cover short-term debts or educational goals |
To buy a 5 year term life insurance policy in the UAE, you generally need to meet the following requirements —
Criteria |
Requirement |
---|---|
Age |
Minimum 18–21 years, Maximum ~65 years (varies by insurer) |
Residency |
UAE nationals or expats with valid residence visa |
Health |
Medical history and lifestyle assessed before approval |
Occupation |
Higher premiums for risky professions |
To apply for a 5 year life insurance policy, you’ll typically need the following —
In the unfortunate event of the policyholder’s death, here’s the process for the beneficiary to file a claim —
If Death Occurs in UAE:
If Death Occurs Outside UAE:
A 5 years term insurance plan is a great way to get short-term protection without the commitment or cost of long-term plans. Whether you're safeguarding your family during job transitions, securing a loan repayment, or planning for an upcoming financial obligation, it delivers peace of mind at an affordable price.
If you're not ready for a 20- or 30-year plan but still want solid coverage, this is an excellent stepping stone.
Yes, many insurers allow you to renew your 5-year term plan or even convert it into a longer-term or whole life policy, depending on the provider’s terms and your health status at the time.
Typically, term plans don’t offer maturity benefits. However, if you’ve chosen a Return of Premium (ROP) rider, you’ll get back the premiums paid, excluding any extra rider charges or taxes.
Absolutely. NRIs can purchase term plans in the UAE, provided they have a valid UAE residence visa and meet the insurer’s eligibility criteria such as age, health, and income documentation.
If you stop paying your premiums, your policy may lapse after a grace period (usually 30 days), meaning you’ll lose your life cover and all benefits, unless there’s a non-forfeiture or reinstatement option.
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