Best Self Employed Insurance Plans Online in UAE

What is Term Insurance for Self-Employed Individuals?

Term life insurance for self employed UAE is a protection plan designed for freelancers, entrepreneurs, and business owners who don’t enjoy employer-provided benefits. In exchange for affordable premiums, it offers a lump sum payout to your family if you pass away during the policy term.

For NRIs and residents alike, term life insurance self employed works as a shield against income disruption, ensuring your family can —

Maintain their lifestyle
Meet children’s educational needs
Create an emergency fund
Secure enough money for events like marriages

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 a Self-Employed Person Buy Term Insurance?

Undoubtedly, everyone needs a term insurance plan to cover the needs of their family and loved ones in their options. The same goes for business owners and self-employed individuals.

Here are some reasons as to why you should buy self-employed term insurance UAE—

Lack of Employment Benefits — Employees in the organised sector can enjoy benefits like provident funds, and life and health insurance.
As a self-employed individual, however, you must invest in your own financial goals, retirement plans, and children's education. A term insurance plan becomes essential for achieving these goals.
Cost of Business Ownership Transfer — If you can no longer run your business, transferring ownership to the next generation may require investment. Loans might be necessary to keep the business going.
The best term insurance for self-employed can cover such financial needs, including loans taken for expansion and branding. It can ensure that the outstanding amount of a loan is covered even if the insured individual passes away.
Financial Support for Terminal Illnesses and Disabilities — The best disability insurance for self employed plans cover more than just death. They can, for instance, include critical and terminal illness coverage and disability coverage.
As a business owner, having these additional coverages can be of great help in protecting your family and business from unforeseen events. If your basic term insurance doesn’t include these benefits, consider adding them for extra protection.
While an add-on cover slightly increases your premium, it also provides valuable additional security.
Life Insurance with Single Premium — You can get a term insurance plan for up to 30 years by paying a one-time premium. This ensures your family is protected regardless of business or market fluctuations.

For example, a term life cover of AED 3 million costs about AED 215* per year, making it affordable for self-employed individuals.

*Actual prices may vary as per your profile

5 Best Term Insurance Plans for Self Employed

Here are the best term insurance plans self employed professionals can consider in 2025 —

Plan Name	Benefits	Apply
Hayah Term Life Protect	Pre-Existing Disease Coverage: Available (subject to insurer’s approval) Medical Checkup: Required depending on age, health condition, and sum assured Worldwide Coverage: Yes Plan Type: Level Term Plan Death Benefit: Accident: AED 500,000 (from day one) Sickness: AED 500,000 (from day one)	Buy Now
Zurich International Term Assurance	Pre-Existing Disease Coverage: Available (subject to insurer’s approval) Medical Checkup: Not required Worldwide Coverage: Yes Critical Illness Cover: Included Plan Type: Level Term Plan Death Benefit: Accident: AED 500,000 (from day one) Sickness: AED 500,000 (from day one)	Buy Now
Sukoon Life Guard	Worldwide Coverage: Yes Multiple Payment Modes: Available Multiple Currency Options: Available Critical Illness Cover: Included Plan Type: Regular Pay	Buy Now
MetLife Live Life	Pre-Existing Disease Coverage: Available (subject to insurer’s approval) Worldwide Coverage: Yes Multiple Payment Modes: Available Multiple Currency Options: Available Critical Illness Cover: Included Plan Type: Regular Pay / Limited Pay	Buy Now
Salama Hemayati Plus	Medical Checkup: Not required Worldwide Coverage: Yes Death Benefit: Accident: AED 500,000 (from day one) Sickness: AED 500,000 (from day one) Maturity Bonus Payout: 5-year plan: 80% of premiums paid back 10-year plan: 90% of premiums paid back 15-year plan: 100% of premiums paid back (Bonus applies only to active plans at maturity)	Buy Now

Note: Policy tenure and the life cover are customisable. You can adjust these variables as per your salary, budget, and more.

Key Features of Term Insurance for Self-Employed Individuals

Self-employed individuals’ income can go up and down, so insurers design term plans with flexibility in mind.

Flexible Premium Payments
You don’t always earn the same every month. With flexible payment options, monthly, quarterly, or yearly, you can choose how to pay. Some insurers also give you a grace period, so your policy doesn’t stop if one payment gets delayed during a slow season.

Customisable Coverage
As your business grows, you may have more responsibilities. Term insurance lets you choose how much money your family would get if something happens to you. Later, if your income increases, you can make the safety net bigger so your family stays protected.

Waiver of Premium Rider
If you become critically ill or disabled, this rider ensures your policy continues without you having to pay premiums. It’s like a safety lock for your coverage.

Death Benefit Rider
In case of accidental death, your family can get extra payout on top of the basic sum assured. This ensures better financial security in worst-case situations.

How Does Self Employed Term Insurance Work?

The working is simple: you pay premiums regularly. In exchange, the insurer promises a payout (called the sum assured) to your family if you pass away during the policy term.

For example, if you buy an AED 1 million term insurance plan, pay your premiums, and something happens to you, your nominee (spouse, children, or parents) will receive that money tax-free. They can use it for —

Daily living expenses
Repaying loans
Children’s education
Running or winding up your business smoothly

💡 Tip: Premiums for term life insurance self employed UAE are lower if you buy early. So, even if your income is irregular today, it’s smarter to secure coverage as soon as possible.

How to Choose the Best Term Insurance for Self-Employed UAE?

Buying term insurance for self employed individuals in UAE is different from a salaried person. Since your income may fluctuate and you carry both family and business responsibilities, it’s important to pick a plan carefully. Here’s what you should look at in detail —

1. Sum Assured

It's the money your family will receive if something happens to you. Don’t pick this number randomly. Calculate it based on

How much money do you owe? (like loans)
How much do you spend every month?
How much do you want to save for the future?

💡 For example: If you spend AED 15,000 monthly, have a loan of AED 500,000, and want to save AED 200,000 for education, your coverage should be at least AED 3–4 million.

2. Coverage Options (Riders)

Basic term insurance pays only on death, but life isn’t that simple. Riders help customise your plan. Some important ones are:

Critical Illness Rider
Accidental Death Rider
Waiver of Premium Rider

3. Premium Affordability
The premium is the money you pay for your safety net. Don’t just pick the biggest one, you need to make sure you can pay it every month. Even if your money comes and goes, choose a plan that fits your budget. A smaller plan you can keep is better than a big one that you might stop paying.

4. Claim Settlement Ratio (CSR)
For self-employed individuals in UAE, where dependents may live abroad, choosing an insurer with a strong claim record (Above 95%) ensures your family actually receives the money without hassle.

5. Policy Term
The term is how long the policy lasts. As a self-employed person, align the policy with your biggest financial responsibilities:

Till your children graduate or get married
Until your business loans are fully paid
Or even lifelong coverage

For example, if you’re 35 and want protection till your child finishes college at 20 years of age, a 25-year term is a good option.

6. Read the Fine Print
Many people skip this, but it’s crucial to carefully check the policy exclusions, payout rules, waiting period, and grace period. Understanding these details avoids shocks later, and makes sure your family isn’t denied the benefit when they need it most.

How to Get Term Life Insurance for Self Employed in UAE?

You can effortlessly buy a self-employed insurance plan on Policybazaar.ae. This website is a one-stop portal for all your term insurance needs. And the best part?

The website is pretty easy to use and helps you select a plan in just a few clicks.

If you’re confused about your options, our insurance expert team is there to assist you.

Step-by-Step Guide:

If you buy self-employed term life insurance from Policybazaar UAE, you will be asked to fill in a lead form.

There, you will need to mention your age and your income from the business. This will take you to the term insurance quotes page.
On that page, you can further change the life cover amount and tenure as per your requirement and see the plans as per the changes you make.
Compare your options and click on the Apply Now button.

Documents Required for Self-Employed Term Insurance

Insurance companies need to check both your identity and your income before issuing a policy. Since self-employed income is not always steady, they accept different types of proof.

Emirates ID for UAE nationals and residents
Valid Passport for expats with a valid Emirates ID
Utility bills for address proof

Bottom Line

Being your own boss in the UAE is fun because you make your own rules, but it also means you don’t get extra help like a regular job gives. Your family depends on the money you earn, and if something happens to you, they could be in trouble. Term insurance for self-employed people is like a safety shield, it helps your family pay bills, keep your business running, and put food on the table even if you’re not there.

FAQs on Term Insurance for Self-Employed

Yes, self-employed individuals and business owners are eligible for term insurance if they meet the insurer’s income proof and age requirements.

By calculating income needs, debts, and financial goals, a self-employed person can estimate the coverage required to secure their family.

Yes, the lump sum payout from term insurance can be used by beneficiaries to clear business loans or other outstanding liabilities.

Term insurance is ideal for freelancers, entrepreneurs, or self-employed individuals with dependents, financial obligations, or loans, as it ensures long-term family protection.

Usually, there’s no fixed upper limit. The maximum sum assured is set as a multiple of your annual income. You can choose a sum assured that aligns with your income, liabilities, and family’s financial needs.

Yes, most riders require an extra premium, except for inbuilt ones that are already included in the plan’s cost.