Term Insurance for NRI

What is Term Insurance for NRI?

Term insurance is the simplest and most cost-effective form of life cover. It ensures that if something happens to you, your nominee or beneficiary receives a lump sum payout. You get to decide the death benefit amount based on your family’s needs. Also, you can add riders like critical illness or accidental death to cover extra risks.

Best Term Insurance Plans in UAE

Some of the best Term Insurance quotes in UAE & Dubai are:

Policy Term

Age

Cover

Payment Frequency

YearlyMonthly

Why Should NRIs Buy Term Insurance Plans in UAE?

As an expat in Dubai, being far from home means your family may not have the same support system. Term life insurance for NRIs provides a safety net ensuring they are protected if something happens to them. Here are some more reasons why you should get this plan —

It provides a lump sum payout to cover daily expenses and future milestones. It even acts as income support in case of accidental disability.
NRI term insurance in UAE is affordable and offers coverage for uncertain events, including death and disability.
Some insurers even allow policy purchases in multiple currencies.
Expats in the UAE also benefit from international portability, with NRIs having the option to transfer their policy to an Indian insurer.
Buying term insurance in the UAE also means access to top insurers, simplified application processes, and excellent claim settlement ratios.
These policies offer global portability, ensuring protection even if you relocate.
With add-on benefits like critical illness and accidental disability coverage, term insurance in the UAE provides comprehensive security for NRIs.

Best Term Insurance Plans for NRIs in UAE

Here’s the list of the best term insurance plans for NRIs in UAE —

Plan Name	Features	To Apply
HAYAH Term Life Protect	➡️Inclusions - Death due to any cause ➡️Riders - Temporary life cover Terminal illness Permanent total disability Critical illness Passive war risk Waiver of premium benefit ➡️Exclusions - Willful participation in illegal activities Active involvement in terrorist acts, war, intentional self-harm, and congenital anomalies For occupations like pilot, professional sports activist, defence force, cabin crew, and police Any terminal illness within the last 18 months of the policy terms
Zurich International Term Assurance	➡️Inclusions - Life cover Suicide covered after 1 year ➡️Riders - Terminal illness Critical illness Permanent total disability Waiver of premium benefit ➡️Exclusions - Filing a claim for once policy lapses For occupations like pilot, professional sports activist, defence force, cabin crew, and police Death in UN-sanctioned war zones Death due to participating in an illegal activity
MetLife Live Life	➡️Inclusions - Loss of life benefit ➡️Riders - Second medical opinion Accelerated critical illness Accelerated terminal illness Accidental loss of life Waiver of premium benefit Permanent total disability Personal accidents in life Accidental care Hospital care MetLife Discount Card ➡️Exclusions - Suicide within 2 years of the policy issuance date Death or total and permanent disability due to direct or indirect involvement in war Residing or intentionally travelling to a UN-sanctioned war zones For occupations like pilot, professional sports activist, defence force, cabin crew, and police
MetLife Live Life Now	➡️Inclusions - Death Benefit ➡️Riders - Second medical opinion Accelerated critical illness Accidental death MetLife Discount Card Accidental term illness ➡️Exclusions - Intentional self-injury Involvement in illegal activity Congenital anomalies For occupations like pilot, professional sports activist, defence force, cabin crew, and police
Takaful Emarat Fixed Term	➡️Inclusions - Loss of life benefit Shariah-compliant ➡️Riders - Critical illness Terminal illness ➡️Exclusions - Suicide within 1 year of the policy issuance Participation in illegal activities Active war risk For occupations like pilot, professional sports activist, defence force, cabin crew, and police
Arabia Term Life	➡️Inclusions - Worldwide coverage Life cover ➡️Riders - Accidental death Permanent total disability Waiver of Premium Critical Illness ➡️Exclusions - Suicide within 2 years from policy issue Death due to judicial execution or confrontation HIV/AIDS-related illness if contracted before policy issue, commencement, or reinstatement Flying/aviation activities except as a passenger on a scheduled commercial airline Nuclear, radioactive, biological, or chemical contamination from explosions, reactions, or waste
Sukoon Lifeguard	➡️Inclusions - Death Benefit ➡️Riders - Critical illness Hospital indemnity rider Permanent and total disability accident Permanent and total disability (accident and sickness) Accidental death benefit Waiver of premium in case of permanent and total disability ➡️Exclusions - Participation in illegal activities Active war risk For occupations like pilot, professional sports activist, defence force, cabin crew, and police
LIC Life Protection Term Plan 278	➡️Inclusion - Death benefit ➡️Rider - Accelerated critical illness benefit ➡️Exclusions - Substance abuse Participation in criminal activity Engaging in dangerous sports

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Benefits of Buying NRI Term Insurance in UAE

With a term policy, you can protect your loved ones and plan for the unexpected. The following are the features and benefits of NRI term insurance in the UAE —

Comprehensive Coverage - Life and term insurance for NRIs in the UAE offers strong financial protection. Insurers conduct thorough risk assessments to ensure fair coverage and avoid claim denials
Critical and Terminal Illness Cover - Many policies include terminal illness benefits and offer critical illness coverage as an add-on, extending protection up to 74 years of age
International Portability - Policies can be transferred if you move to another country, ensuring continued coverage wherever you go
Choice of Currency - Insurance plans are available in multiple currencies, including AED and USD, giving you flexibility
Extended Financial Benefits - Use insurance proceeds to pay off mortgages, support your family, or cover education costs, even outside the UAE
Easy Claims Process - UAE insurers have a smooth, efficient claims process with high claim settlement ratios
Joint Life Insurance Option - You can opt for a joint policy with a spouse or another earning family member, reducing premiums

How Does Term Insurance for NRIs in UAE Work?

Term insurance for NRIs works like any other term plan. You pay regular premiums to the insurance company to keep the policy active. In return, you receive a guaranteed sum assured, which provides financial security.

If you pass away during the policy term, the sum assured is paid to your nominated beneficiary, ensuring their financial stability. To further tailor your policy, you also have the option to enhance your coverage by adding riders or additional benefits based on your specific needs.

Here’s a quick example:

Atif, a 25-year-old Indian expat in the UAE, purchases a term insurance plan with a 40-year policy term, ensuring coverage until age 65. Sadly, in the 17th year of the policy, Atif passes away in an accident. His family in India submits the claim form to the insurer. The insurer then releases the life cover amount as a death benefit, helping his family stay financially secure despite the sudden loss.

Where Should You Purchase the Best NRI Term Insurance in UAE?

Policybazaar.ae makes it easy for NRIs to find the best term insurance without visiting multiple offices or websites. Here’s what you get when buying a term policy for NRIs from this platform:

✔️High coverage to ensure your family’s financial security in any situation

✔️Access to the best term insurance plans from leading providers, all in one place

✔️Affordable premiums—get AED 1 million coverage starting at just AED 50 per month*

✔️Expert guidance throughout the application process

*T&C Applied

Things to Consider When Buying the Best Insurance for NRIs in UAE

Here are some key points to keep in mind when choosing a term plan for NRIs:

Compare Plans – Explore different insurance providers to find the best option
Check Claim Settlement Ratio (CSR) – A high CSR reflects the insurer’s reliability in settling claims
Assess Your Needs – Consider income, liabilities, and family requirements before selecting a policy
Ease of Claim Settlement – Choose an insurer with a hassle-free claim process
Add Riders – Enhance your coverage with optional add-ons for extra protection

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FAQs for Term Life Insurance for NRIs

Yes, NRIs are eligible for term insurance. Any Indian with a valid passport living abroad can apply, provided they meet the minimum age requirement of 18 years.

The best term depends on your age and goals. Younger people (20s–30s) should choose longer terms (30–40 years), while older individuals may prefer shorter terms (10–15 years).

Term insurance is affordable and offers high coverage for your family in case of death during the policy term, while life insurance is costlier but provides both maturity and death benefits.

Yes, term insurance is one of the safest financial tools. It may not give returns like investments, but it ensures your family’s financial security if something happens to you.

The best term insurance is one that matches your financial needs, budget, and long-term goals. In the UAE, top providers include Zurich, MetLife, LIC International, and Arabia Insurance.

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