Life insurance in the UAE is one of the most effective ways to secure your family financially. Whether you’re living in Dubai, Abu Dhabi, Sharjah, or anywhere in the UAE, the right life insurance policy ensures your dependents are protected against financial uncertainty, debt, and unexpected medical or living expenses.read more
Written ByAashima MongiaContent Writer (Expertise: Term Life Insurance & Investment)
Aashima Mongia
Content Writer (Expertise: Term Life Insurance & Investment)
Aashima Mongia is a Content Executive at Policybazaar.ae, dedicated to bridging the gap between complex financial products and the people who need them. Specializing in Term Life Insurance and Investment portfolios, Aashima translates the "fine print" into high-value insights for the UAE market. With a background rooted in Commerce and Digital Strategy, she combines rigorous research with an audience-first philosophy. Her work is a blend of data-backed research and a deep understanding of the UAE's economic pulse, ensuring that every guide she writes is practical, timely, and easy to digest.
Reviewed ByAtul KathuriaBusiness Head – Term & Investment
Atul Kathuria
Business Head – Term & Investment
Being a seasoned financial leader with over 13 years of experience across industries, including life insurance and wealth management, his approach is centered on helping people make confident decisions.
Life insurance is a contract between you and an insurer where the company provides a lump-sum payout to your family (beneficiary) in case of your unfortunate demise. This payout helps your dependents maintain lifestyle, pay off loans, plan education, or manage emergencies.
Choosing the right life policy helps you financially secure your family. In the UAE, you can find different types of coverage - whole life, ULIPs, endowments plans, term insurance plans, and more. There are some life insurance policies in UAE that may also offer maturity benefits if you survive the term.
The nominees can use the sum assured to lead a decent life. This amount can help your family cover expenses like daily living costs, future goals, or paying outstanding loans. If you are new to life insurance Dubai, consult certified insurance advisers like Policybazaar.ae to ensure you make the right choice.
At Policybazaar UAE, you can compare the best life insurance plans in Dubai, check life insurance Dubai cost, and buy a policy online in just a few minutes.
Directly from experts
Our mission is to help you protect your family's well-being with affordable life insurance. We strive to make your experience hassle-free to the greatest extent possible, whether you are purchasing a policy or making a claim.
Our dedicated team is here to help you find the best plan for your needs and ensure you get all the necessary assistance with claims, documentation, and more.
Atul Kathuria
Business Head - Term Life Insurance
Best Life Insurance Plans in UAE 2026
Life insurance cost lies between AED 10* and AED 124* per month for basic protection. The costs increase with higher cover and longer terms, depending on your age, health, and the coverage amount you choose (often 1M+).
With the sheer number of options in the market, choosing a life policy can be difficult. To help you out, we have shared some plans under the best life insurance in UAE —
Plan Name
Features
To Apply
HAYAH Term Life Protect
Best For: Affordable, high-coverage term protection
Primary Highlights
Worldwide coverage
Level term plan (fixed premium & coverage)
Pre-existing diseases covered (subject to approval)
Medical check-up required (based on profile)
Death Benefit: AED 1 Million (Accident & Sickness from Day 1)
Add- ons:
Terminal Illness Cover AED 500,000 Term 15 Years
Accelerated Critical Illness - On Diagnosis Cover AED 100,000 Term 15 Years : AED 175.00
Permanent Total Disability Cover AED 1,000,000 Term 15 Years : AED 89.29
Passive War Risk Cover AED 1,000,000 Term 15 Years
Temporary Life Cover AED 900,000
MetLife Live Life Now
Best For: Comprehensive protection with value-added benefits
Primary Highlights
AED 1 Million life cover from Day 1
Terminal illness benefit included
Add-ons & Benefits
Critical illness cover (AED 183,500)
Accidental death benefit (AED 1 Million)
Medical discount card
Second medical opinion
Sukoon Life Guard
Best For: Variable plans with multiple add-on options
Primary Highlights:
Worldwide coverage
Flexible payment modes & currencies
Built-in critical illness cover
Add-ons Available
Accelerated critical illness
Accidental death benefit
Permanent total disability
Waiver of premium
Hospital cash benefit
Arabia Term Life
Best For: Basic life cover with essential riders
Primary Highlights:
Pure life cover (death benefit) (Up to AED 1840000)
Available Riders:
Second medical opinion
Critical illness cover
Accidental loss of life
Terminal illness benefit
Zurich International Term Assurance
Best For: Global coverage with strong brand reliability
Primary Highlights:
Worldwide coverage
Critical illness cover available
Pre-existing conditions (subject to approval)
Medical test required (case-based)
Death Benefit: AED 1 Million (Accident & Sickness)
Add-ons:
Terminal illness
Critical illness (AED 175,000)
Permanent disability
Premium waiver
LIC International Life Protect Term Plan 278
Best For: Long-term coverage with flexible tenure
Primary Highlights:
Worldwide coverage
Entry age starts from 18 years
Flexible payment options
Policy Coverage:
Minimum sum assured: USD 100,000
Policy term: 5 to 35 years
Takaful Emarat Fixed Term
Best For: Sharia-compliant life insurance
Primary Highlights:
Sharia-compliant structure
Worldwide coverage
Pre-existing conditions (subject to approval)
Add-ons:
Terminal illness benefit (AED 1 Million)
Critical illness (optional)
Death Benefit: AED 1 Million (Accident & Sickness)
Arabia Term Life Executive 1
Best For: High-net-worth individuals needing large coverage
Primary Highlights:
Coverage up to AED 14 million
Entry age: 15 to 65 years
Flexible policy duration
Add-ons:
Critical illness
Disability cover
Accidental death & dismemberment
Premium waiver
Read More
Buy Best Life Insurance Plan in UAE
Some of the best Term Insurance quotes in UAE & Dubai are:
98.1% Claim Settlement Ratio
Term Life Protect
Life Cover (AED)1,000,000
Policy Term (Years)10
95% Claim Settlement Ratio
Term Life
Life Cover (AED)1,000,000
Policy Term (Years)10
98% Claim Settlement Ratio
International Term Assurance
Life Cover (AED)1,000,000
Policy Term (Years)10
98% Claim Settlement Ratio
Live Life Now
Life Cover (AED)1,000,000
Policy Term (Years)10
98% Claim Settlement Ratio
Critical Illness Protection
Life Cover (AED)1,000,000
Policy Term (Years)10
Why Do You Need Life Insurance in Dubai? Dubai is one of the world’s most competitive cities, where financial responsibilities increase with lifestyle. Life insurance becomes essential due to:
+High cost of living & education
+Financial dependency of family members
+Home loans, car loans & credit card liabilities
+Long-term goals like retirement or child education
+No mandatory employer-provided life insurance
Having a life insurance policy in Dubai ensures your loved ones remain financially stable even in your absence.
Ready to secure your family?
With digitalisation, you can calculate your premium and buy a policy in minutes. Remember, the best time to buy life insurance was yesterday; the second-best time is today.
Quick Comparison: Best Life Insurance Dubai
Plan
Best For
Key Strength
HAYAH Term Life Protect
Affordable protection
Low-cost, high cover
MetLife Live Life Now
All-in-one benefits
Health + life combo
Sukoon Life Guard
Flexibility
Multiple add-ons
Arabia Term Life
Basic cover
Simple & clean
Zurich Term Assurance
Expats
Global coverage
LIC International Plan
Long-term
Flexible tenure
Takaful Emarat
Islamic plans
Sharia-compliant
Arabia Executive 1
High coverage
Premium segment
Note: The coverage and benefits above may change over time. Please check the specific details before applying.
Regulation and Trust: The Role of the Central Bank
Life insurance companies in the UAE are supervised by the Central Bank of the UAE (CBUAE). The CBUAE Rulebook serves as the primary resource for regulations and standards. It confirms that when you buy a life insurance policy, you are protected by world-class financial supervision. This clarity is why the UAE is a global hub for financial services.
How Much Does Life Insurance in Dubai Cost?
Age Group
Approx. Monthly Premium
Coverage
25-35 years
AED 37 - AED 55
Up to AED 1 Million
36-45 years
AED 59 – AED 124
Up to AED 1 Million
46-55 years
AED 137 – AED 329
Up to AED 1 Million
Pro Tip: PB experts recommend buying your policy early, as premiums are lower when you start young. Simply put, the earlier you begin, the more you save.
How Much Life Insurance Coverage Do You Need?
Don't guess your family’s future. Use the D.I.M.E. formula to calculate your ideal sum assured:
Component
What to Calculate
Debt
Personal loans, car loans, and credit card balances
Income
10 to 15 times your annual salary to replace your earning power
Mortgage
The total outstanding balance on your home loan
Education
The total estimated cost of your children’s higher education and marriage
To calculate the future value of education costs considering inflation, you can use the formula:
FV = PV * ((1 + r)^n)
Where:
FV is the Future Value
PV is the Present Value (current fees)
r is the annual inflation rate (usually 3-5% for education)
n is the number of years until university
How to Claim Life Insurance in the UAE?
Claiming life insurance is usually simple if you provide all the needed documents. Here’s how it works:
Step 1
Tell the Insurance Company
A family member or the person chosen to receive the money should inform the insurance company about the claim. This can be done through their website, customer support, branch office, or Policybazaar.ae.
Step 2
Complete the Claim Form
Next, add the correct details in the claim form. Make sure it matches the insurance policy.
Step 3
Submit Required Documents
The insurance company may ask for: Death certificate, Emirates ID or passport copy, Medical reports (if required), Bank account details, Nominee identification proof.
Step 4
Insurance Company Reviews Your Claim
They will check all the documents and verify the claim. If any additional information or documents are needed, they will contact you.
Step 5
Claim Assessment & Verification
The insurer will review the policy details and documents to ensure everything is correct.
Step 6
Claim Payout
Your nominee will receive the money in his/her bank account or by cheque after the claim approval. Depending on the insurer and the claim details.
Step 7
Post Claim Service
If you require any further assistance, you can contact Policybazaar.ae’s customer service or the insurance provider company.
What are the Different Types of Life Insurance Policies?
Term Insurance
Term insurance is pure protection. It covers you for a fixed period (10, 20, or 30 years). If you survive the term, there is usually no payout. On the flip side, the premiums are the most affordable.
Whole Life Insurance
A Whole life plan gives you protection for your entire life. It combines protection with a savings component that builds "cash value" over time. Buy if you are planning your legacy.
Unit-Linked Insurance Plans (ULIPs)
In ULIPs, a part of your premium goes to insurance. The other part is invested in global stock markets. This plan is for people with a higher risk appetite looking for market-linked growth.
Endowment Plan
Endowment plan is a structured savings plan that pays a guaranteed lump sum at maturity or a death benefit if you pass away.
Retirement Plan
This type of life insurance in the UAE offers you financial stability once you retire. When you invest in such a plan, you can create a steady income flow during the retirement years.
Savings and Investment Plan
This plan lets you turn your savings into long-term investments. Such plans offer both life insurance coverage and assured maturity benefits.
Common Life Insurance Customer Queries Resolved
Can I increase my life insurance coverage after buying the policy?
In most cases, you can’t increase the sum assured of an existing policy. To get higher coverage, you need to purchase a new policy, which is subject to fresh underwriting.
Can I cancel my life insurance policy midway?
You can cancel the policy at any time. A refund is available only if cancelled during the free-look period. Otherwise, premiums paid are usually not refundable.
Is there a free-look period for life insurance policies in the UAE?
Yes, there are some UAE life insurance policies that offer a free-look period of 15 to 30 days. This allows you to review the policy and cancel if it doesn’t suit your needs.
What happens to my life insurance policy if I leave the UAE?
Your policy generally remains active even if you move out of the UAE. Coverage continues as long as premiums are paid on time.
Can I switch from one life insurance plan to another later?
No, existing life insurance plans cannot be converted or switched. However, you can buy a new policy based on your current requirements.
What happens if I miss a life insurance premium payment?
Most policies offer a grace period to pay the overdue premium. If payment is not made, the policy may lapse, but it can often be revived.
Can I revive a lapsed life insurance policy?
Yes, insurers usually allow policy revival within a specific time frame. Revival may require payment of pending premiums and additional documentation.
Can I change my premium payment frequency (monthly or annual)?
Many insurers allow you to change your payment frequency. This is subject to the policy terms and insurer approval.
How do I update my personal details (address, contact, bank details)?
You can update your personal details by submitting a request to the insurer. Most insurers allow this to be done online or through customer support.
Does my life insurance policy remain valid outside the UAE?
Most life insurance policies provide worldwide coverage. It’s advisable to inform the insurer if your residency status changes.
Can I assign my life insurance policy to a bank or lender?
Yes, life insurance policies can be assigned to a bank or lender. This is commonly done when the policy is linked to a loan or mortgage.
Why is it Important to Buy Life Insurance Dubai?
More than a contract, a life policy is an arrangement for your family to deal with responsibilities in unfortunate circumstances. Here’s why it’s non-negotiable:
Debt Protection: Ensure your family doesn't inherit your home loans or credit card debts. Your loved ones can use the insurance amount to pay those debts.
Retirement Planning: Annuity-based plans provide a steady stream of income after you stop working.
Safety Net for Dependents: It provides immediate relief for daily expenses for spouses, children, or elderly parents.
Protection Against Critical Illnesses: Modern riders cover cancer or heart disease, preventing a medical emergency from draining your life savings.
Disciplined Investing: Regular premiums foster the habit of consistent saving.
Importance of Life Insurance at Different Age Group
Your insurance needs shift as you move through different life stages.
Age Group
Why Buy Now?
Early 20s
Lock in the lowest possible premiums. Build a foundation before marriage.
30s – 40s
Peak responsibility years: get cover for spouse, kids, and growing home loans.
40s – 50s
Focus on wealth growth and post-retirement income planning.
50+ Years
Focus on leaving a legacy for grandchildren and estate planning.
Features of Best Life Insurance in UAE
Before moving on to the top plans, here are the general benefits of life insurance in UAE –
Financial Protection
A life plan provides financial security to your family in your absence. If you pass away during the policy term, the nominee receives the sum assured to support their financial needs.
Wealth Creation
Plans like savings, endowment, or ULIPs help you build wealth while offering sufficient life coverage. If you outlive your policy period, the corpus becomes your maturity benefit.
Assured Returns with Savings Plans
Savings and retirement plans offer guaranteed returns at maturity. You get the amount in lump sum once you outlive the policy.
Low Premiums for Young Individuals
Buying life cover at a younger age means lower premiums. Younger individuals are less vulnerable to health issues, making them low-risk life assureds.
Lifetime Coverage
With the best life insurance in Dubai, you get lifelong coverage for yourself and your family.
What is the Difference Between Life Insurance and Term Insurance?
Check out the key differences between life insurance and term insurance in the UAE below —
ParameterLife InsuranceTerm InsuranceDeath BenefitsYesYesCash ValueYes — can be fixed or grow over timeNoPolicy PeriodUsually the entire life or up to the age of 100 years5 to 35 yearsPremiumHigher due to investment componentLowerMaturity BenefitsAs per the policyNone
Factors Affecting Life Insurance Policy Premiums in the UAE
Here’s a detailed look at the major factors that affect life insurance policy premiums in the UAE:
Factor
How it Affects Your Cost
Age
Younger individuals usually get lower premiums because they are considered healthier and less likely to develop serious medical conditions. As age increases, the chances of health complications and mortality rise. This increases the cost of insurance.
Lifestyle Habits
Smoking, tobacco use, or heavy alcohol consumption can lead to much higher premiums. These lifestyle choices increase the risk of illnesses such as cancer, heart disease, and liver complications, making the policyholder a higher-risk applicant.
Medical History
A history of heart disease, cancer, or chronic conditions increases the risk profile and costs because they indicate a higher risk of future claims.
Policy Term
The longer the policy duration, the higher the premium. This is because the insurer provides protection for a longer period, increasing the probability of a claim payout during the policy tenure
Occupation Type
Individuals working in high-risk professions such as construction, aviation, offshore oil & gas, mining, or armed services may pay higher premiums because of increased accident or health risks associated with these jobs
Add-ons or Riders
Adding extra protection benefits such as critical illness cover, accidental death cover, waiver of premium, or disability riders increases your premium because they expand the scope of coverage
Life Insurance vs Other Savings Products: Which One Should You Choose?
Many people confuse life insurance with regular savings or investment products. While both help you build financial security, they serve very different purposes.
Here’s a simple comparison:
Feature
Life Insurance
Investment
Risk Coverage
Includes life cover and protection benefits
Usually does not provide life coverage
Returns
Offers stable and relatively safer returns depending on the policy type
Returns may vary based on market conditions and investment type
Investment Component
Some plans like ULIPs and endowment plans combine insurance with investment
Purely investment or savings-focused
Maturity Benefits
Certain plans provide maturity or survival benefits
Returns depend entirely on investment performance
Liquidity
Limited liquidity during the policy term
Many savings products offer easier access to funds
Financial experts often recommend combining both: life insurance for protection and savings and investments for wealth creation.
What is Covered in Life Insurance UAE?
Death Benefit
If the insured person passes away during the policy term, the nominee receives the sum assured as a lump sum payout.
Natural Death
Deaths caused by illness, health conditions, or natural causes are generally covered under the policy.
Accidental Death
Many plans offer an additional payout if death occurs due to an accident such as a road accident or workplace injury.
Critical Illness Cover
With a critical illness rider, the insurer pays a lump sum if diagnosed with illnesses like cancer, heart attack, or stroke.
Permanent Disability Cover
Some policies provide you with financial support if the insured becomes permanently disabled and cannot work.
Terminal Illness Benefit
You can choose some optional riders that may provide daily cash benefits during hospitalisation to cover extra expenses.
Hospital Cash Benefit
Optional riders may provide daily cash benefits during hospitalisation to manage extra expenses.
What Life Insurance Policy in UAE Does Not Cover?
Suicide During Waiting Period
If a person hurts themselves and dies within the 12 months of buying the insurance, the insurance company may not pay the money.
Illegal Activities
If someone dies while doing something against the law or driving after drinking alcohol, the insurance company may not pay.
Self-Inflicted Injuries
If a person intentionally hurts themselves and dies because of it, the insurance company may not cover it.
Undeclared High-Risk Activities
Some insurance plans may not pay if a person dies because of war, terrorism, or serious public violence.
War or Terrorism
Some policies exclude coverage for death or injury resulting from war, acts of war, or terrorism-related incidents.
Drug or Alcohol Abuse
If a person dies because of taking too many drugs or drinking too much alcohol, the insurance company may not cover it.
Fraudulent Claims
Providing false information or attempting to cheat the insurance company may result in the claim being rejected.
✅ Take a Note: Always read the policy wording carefully and understand all inclusions, exclusions, waiting periods, and rider benefits before buying life insurance in the UAE.
Expert Life Insurance Buying Tips
Compare Online: Use platforms like Policybazaar.ae to compare 30+ plans for free. Online policies are often cheaper than offline ones.
Check the CSR: The Claim Settlement Ratio tells you how many claims the company has successfully paid.
Read the Document: Always spend at least 5-10 minutes reading the exclusions to avoid surprises later.
Online vs Offline Life Insurance: Which is Better?
Feature
Online
Offline
Lower Premiums
Yes
Usually No
Convenience
High
Limited
Easy Comparison
Yes
Limited
Digital Support
Yes
Limited
Customization
Better
Moderate
Transparency
Higher
Depends
Online buying is usually faster, more affordable, and more transparent.
What are the Payout Options for Life Insurance Dubai, UAE?
Regular Payments
Lump Sum Payment
Combination of Lump Sum and Regular Payments
Beneficiaries get a certain portion of the sum assured periodically — either monthly or annually — until the whole sum is exhausted. Such payout for life insurance UAE can provide an income for your family.
As the name suggests, beneficiaries get all death benefits, including any bonuses, in one go. This option is useful if you’ve taken any large loans.
Here, the beneficiary of your life insurance policy UAE gets a part of the death benefit and any bonuses as an upfront lump sum. The remaining is given in regular payments (monthly or yearly) for a set duration. With this mode, you can ensure immediate financial support via lump sum, all while also ensuring a steady income over time.
Eligibility Criteria to Buy a Life Insurance Policy in UAE
The criteria required for purchasing a life policy can vary among insurance companies. Still, there are common guidelines that are generally applicable as mentioned below -
The potential policyholder should fall within the age bracket of 18 to 75 years to be eligible for a life cover policy.
It's necessary for the applicant to demonstrate a stable and reliable stream of income.
The individual applying for the plan should be a resident of the UAE and possess all the requisite documentation.
Documents to Apply for Life Insurance UAE
To apply for life insurance in Dubai or any other Emirate, you must provide the following details -
Emirates ID
Passport or UAE residence visa (for expats)
Medical details
Note that the documentation requirements can be different for each insurance provider. Check the requirements before applying for Dubai life insurance.
How to Buy Life Insurance from Policybazaar.ae?
Buying life insurance online through Policybazaar.ae is simple, fast, and completely digital. You can compare multiple plans, customise your coverage, and choose the policy that best fits your needs and budget.
Here’s the step-by-step process:
Step 1: Assess Your Financial Needs
Start by understanding:
How much life cover your family may need
Your current income and liabilities
Existing loans or future financial goals
The policy term you require
This helps you choose the right sum assured and policy type.
Step 2: Compare Life Insurance Plans
Visit Policybazaar.ae and compare different life insurance plans from leading insurers in the UAE. You can compare
Premiums
Coverage amount
Policy term
Riders and add-ons
Claim benefits
Investment or savings options, and much more
Step 3: Fill Basic Details
Provide basic information such as your age, nationality, income, smoking habits, employment details, and coverage requirement. This helps generate personalised quotes.
Step 4: Choose the Right Policy
Select the policy that best matches your
Budget
Family responsibilities
Future goals
Risk profile
You can also add riders like:
Critical illness cover
Accidental death benefit
Disability cover
Waiver of premium
Step 5: Submit Documents
Emirates ID or Passport
Visa copy
Income proof
Medical reports (if required)
Some insurers may also request a medical check-up.
Step 6: Make Payment
After approval, pay the premium online using a secure payment method and get your policy. Share the policy documents digitally. Coverage becomes active as per policy terms.
Why Buy Life Insurance in UAE Through Policybazaar.ae?
Buying through Policybazaar.ae offers several advantages:
Compare plans from multiple insurers in one place
Get expert assistance at no extra cost
Fast and simple online application process
Customised plan recommendations
Transparent comparison of premiums and benefits
Dedicated customer support during purchase and claims
This makes choosing the right life insurance plan in the UAE simpler and more convenient.
Why are Riders Important in UAE Life Insurance?
Life insurance riders are important as they provide protection against real-life financial risks beyond death alone. They help cover:
Medical emergencies
Disabilities
Income loss
Critical illnesses
Family living expenses
Children’s future expenses
Without riders, a basic policy may not provide complete financial protection during difficult situations.
PB UAE Experts Advice
While selecting riders, focus on your family responsibilities, existing debts, health condition, job risk, lifestyle habits, and future family goals. Avoid adding unnecessary riders that increase premiums without matching your actual needs, but don’t skip on adding the necessary ones either!
What are the Riders for Life Insurance Policies?
Discussed below are some popular riders for life insurance policies in the UAE –
01Critical Illness
This benefit comes into play when the life assured is diagnosed with any of the critical illnesses covered and mentioned in the underwriting.
In this case, a lump sum amount is paid to the life assured. This sum can be used for treatment, compensating for the loss of income during the treatment period, daily expenses, and more.
02Accidental Death
In case of accidental death, the life assured's family is paid an additional amount along with the pre-determined sum assured. However, keep in mind that the policyholder must have bought this rider at the time of policy purchase.
03Waiver of Premium in Case of Disability
If the insured becomes incapable of paying future premiums due to a disability, the premiums will be waived and the policy will remain active.
04Terminal Illness
In case the life assured gets diagnosed with a terminal illness that cannot be cured and can result in death within one year (the time can vary from plan to plan), the company will pay the applicable benefit as per the policy underwriting.
05Second Medical Opinion
Several life insurance policies in the UAE offer a second medical opinion rider. With this benefit, the life assured can get a second medical opinion from renowned healthcare centres, usually for free.
06Permanent and Total Disability
If you buy this rider during policy purchase, the insurance company pays an assured amount (predetermined during the purchasing process) in case you become permanently totally disabled because of an accident or sickness.
Life Insurance for Different People
1. People with Disabilities
People with disabilities can also buy life insurance. The insurance company may ask a few additional health questions or require medical reports before issuing the policy.
2. People with Health Problems
If you have health conditions like diabetes or high blood pressure, make sure to tell the insurance company the truth about your health. They may ask for a health check-up or charge a little more, but you can still get covered.
3. People with Risky Jobs
People who work in jobs like piloting, construction, firefighting, oil and gas, or the military can also buy life insurance. Since these jobs can be more dangerous, the insurance company may charge a higher premium or request additional documents.
4. Smokers
Smoking can affect your health, so the insurance company may charge a higher premium. It is important to tell the truth about smoking habits, as hiding this information could cause problems when making a claim later.
Terminologies Related to Life Insurance Policy
Factors
Affects
Accidental Death Benefits
A common rider where an additional amount is paid by the insurance company (in addition to the death benefit) if the life assured passes away in an accident
Claim Amount
The amount paid by the insurance provider to the insured or the nominee named in the policy
Coverage
The financial safety net provided to the policyholder or life assured as per the premium amount you pay and the policy terms
Death Benefit
Pre-decided amount paid to the nominee in case the life assured passes away during the policy tenure
Exclusions
Circumstances where you don't get coverage from your insurance plan (provided in the policy's terms and conditions)
Insured
The individual whose life is covered by the life insurance policy
Insurance Company
A company that offers life insurance plans in place of premiums
Life Assured
The person whose life is insured
Maturity Benefit
The amount that the life assured receives upon surviving the policy tenure
Nominee
The person who is nominated to receive the amount under the policy if the life assured passes away during the policy period
Policyholder
The individual who buys the insurance policy and pays the premium payment – the policyholder can buy the policy for themselves or someone else in the family
Policy Term
The time (in years) for which the life insurance policy and coverage is active
Premium
The amount that the policyholder pays to the insurance company to keep their life policy active – the payment can be made in a lump sum or on an annual, monthly, half-yearly, or quarterly basis
Rider
Optional benefits that you can buy at the time of policy purchase to get additional coverage
Sum Assured
Amount paid to the nominee in case the life assured passes away during the policy tenure
Surrender Value
The amount payable to the policyholder for surrendering their rights in the policy and terminating the insurance contract
Total Permanent Disability
A rider where the life assured receives a sum if they become totally disabled due to an accident or sickness amount
Life Insurance Policies - Frequently Asked Questions
What is Life Insurance in UAE?
Life insurance is a contract between the insurance provider and policyholder, in which the insurer provides financial security to the dependent family members of the policyholder in exchange for a premium.
What are the various types of life insurance plans in UAE?
Insurance providers in the UAE offer both conventional and sharia-compliant life insurance (Takaful cover). However, both these plans can be broadly classified into the following plans:
Term Life Plan
Whole Life Plan
Universal Life Plan
Endowment Plans
What are the additional riders in the life plan?
Additional riders enhance your life protection plan with a nominal increase in the insurance cost. Following are the common add-on riders with life plans:
Critical Illness cover
Accidental death cover
Family income cover
Permanent disability cover
Waiver of premium cover
What documents do I need to file a death claim in UAE?
Following are the documents required while filing a death claim in the UAE.
Death certificate issued by the competent authority
Documents mentioning the cause of death,
Medical reports
In case of death in a foreign country, a valid death certificate issued from the UAE embassy needs to be submitted.
What is the meaning of sum assured?
Sum assured is the assured amount that the policyholder will receive. It is also known as the coverage amount for which an individual is insured.
Is it expensive to buy the best life insurance policy in UAE?
There is a wide range of life cover UAE options that work for every budget and financial situation. Thus, it is best to shop around and compare different life insurance quotes online based on the coverage, features, and price in order to find best insurance policy as per your insurance needs and convenience.
What happens if you do not pay the premium on time for your life insurance policy?
If you miss a life insurance premium payment in the UAE, your policy may enter a grace period (typically of 30 days). However, if you fail to pay even within this time, your policy lapses and you lose the coverage and other benefits until reinstatement.
Will you be covered by your life insurance if you have a pre-existing medical condition?
Yes, you are covered even if you have a pre-existing medical condition; you would be charged with a loading.
Do you need to go for a medical examination if you buy a life insurance plan?
Yes, you would need to undergo a medical examination, but only if you are in your 40s and buying life cover. The reason behind a medical examination is to know if you have any medical condition developing. The coverage and premium is decided accordingly.
How much life insurance cover do you need?
Your life cover should be at least 10 times your annual income. The sum assured the beneficiary will receive can be used to pay off debt, higher education, create an emergency fund, and more.
Life insurance in UAE starts from AED 10/month. Premiums go up to AED 124/month based on your age, health & coverage amount. Compare 35+ insurers & get AED 1M+ cover at Policybazaar.ae.
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★★★★★
Smooth and fastAt first I was scared because online insurance feels risky sometimes, but support team answered all my questions. Buying process was smooth and fast.
Amir MusadekinAbu Dhabi, 3 July 2026
★★★★★
Easy to useGood platform for expats in UAE. I got term insurance without unnecessary back and forth. Website is also easy to use compared to others.
Mahmoud Mohyeldin MahmoudDubai, 1 July 2026
★★★★★
Affordable premiumHonestly I delayed buying term plan for years thinking it complicated. Turned it was quite simple. Premium is affordable and coverage amount is good.
Omar BaazizDubai, 30 June 2026
★★★★★
Well explainedWhat I liked most is they didnt force me into buying expensive plans. They explained benefits and risks clearly which is rare nowadays.
Mohamed AbdelrehimAbu Dhabi, 27 June 2026
★★★★★
Good after serviceTheir team helped understand claim settlement and riders properly. I added also critical illness cover. Service was nice even after policy issued.
Usman AfzalAbu Dhabi, 26 June 2026
★★★★★
Excellent coverageApplied for life insurance online while sitting at home in Sharjah. Process took some time because of medical checks but finally everything got approved smoothly.
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Last Updated : 18 Jun 20261 Crore Term Insurance Plan in India for UAE Expats & NRIsCompare the best 1 crore term insurance plans in India for UAE expats and NRIs. Check premiums, benefits, eligibility, claim settlement ratios, and how to buy 1 crore term insurance online.
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