Buying Life Insurance for Senior Citizens

Life insurance for senior citizens in the UAE provides a crucial safety net for protecting loved ones and managing financial responsibilities. Even in later years, life policies offer peace of mind by ensuring that your dependents are financially secure in the event of your passing.

Written ByAashima MongiaContent Writer (Expertise: Term Life Insurance & Investment)

Reviewed ByAtul KathuriaBusiness Head – Term & Investment | Policybazaar.ae

Last updated on 19 September 2025Editorial Standards

With the rising cost of living and medical expenses, a well-chosen senior citizen life insurance plan can cover both immediate needs and long-term obligations. Additionally, it can be an effective tool for legacy planning, enabling seniors to leave behind a meaningful inheritance or support charitable causes.

In the UAE, where families often rely on shared financial support, life insurance becomes even more relevant for safeguarding the well-being of your beneficiaries. With various policies available, seniors can find options tailored to their needs, making this insurance type a valuable investment in security and peace of mind.

Buy Best Life Insurance Plan in UAE

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

Policy Term

Age

Cover

Payment Frequency

YearlyMonthly

98.1% Claim Settlement Ratio

Term Life Protect

Life Cover (AED)1,000,000

Policy Term (Years)10

Passive War Cover
Pre Existing Disease Coverage
Medical Checkup Not Required
Worldwide Coverage

95% Claim Settlement Ratio

Term Life

Life Cover (AED)1,000,000

Policy Term (Years)10

Worldwide Coverage
Life Cover
Entry Age

98% Claim Settlement Ratio

International Term Assurance

Life Cover (AED)1,000,000

Policy Term (Years)10

Passive War Cover
Pre Existing Disease Coverage: Subject to Approval*
Medical Checkup Not Required
Worldwide Coverage
Critical Illness Cover

98% Claim Settlement Ratio

Live Life Now

Life Cover (AED)1,000,000

Policy Term (Years)10

Worldwide Coverage

98% Claim Settlement Ratio

Critical Illness Protection

Life Cover (AED)1,000,000

Policy Term (Years)10

Worldwide Coverage
Cancer Cover

Should Seniors Buy Life Insurance?

Short answer: YES!

Life insurance for seniors tends to financially protect their loved ones in case of the unfortunate demise of the elderly life assured. The features and benefits of these plans are pretty similar to those for younger individuals. The primary difference lies only in the premium rates, which are influenced by factors such as age, medical conditions, and risk of illnesses.

What is the Need for Life Insurance Plans for Senior Citizens?

Senior citizens need life insurance for the following reasons -

Financial Security for Loved Ones - Even in your senior years, you may have family members who depend on you financially. A life policy can help cover their immediate and future needs, providing essential support after your passing.
Cover Debts and Final Expenses - Life plans help pay off any remaining debts and final expenses, relieving your family of these financial burdens during a difficult time.
Legacy Planning - Life insurance for senior citizens is a great way to leave a legacy or support a charity. You can allocate part of your policy to loved ones or causes you care about, ensuring your contributions live on.

Best Life Insurance Policies for Senior Citizens

Tabled below are the best life insurance plans for senior citizens —

HAYAH Term Life Protect

Claim Settlement Ratio: 98.1%

Plan Type: Level Term Plan

Key Features:

Pre-existing disease cover (with approval)
Medical checkup (based on age/health/cover)
Worldwide coverage

Coverage / Sum Insured:

Accident: AED 500,000 (Day One)
Sickness: AED 500,000 (Day One)

Add-ons:

Accelerated critical illness
Permanent total disability
Terminal illness
Waiver of premium benefit
Passive war and terrorism cover

MetLife Live Life

Claim Settlement Ratio: 98%

Plan Type: Regular Pay / Limited Pay

Key Features:

Pre-existing disease cover (with approval)
Worldwide coverage
Multiple payment modes
Multiple currency options
Critical illness cover

Add-ons:

Medical discount card
Second medical opinion

Zurich International Term Assurance

Claim Settlement Ratio: 98%

Plan Type: Level Term Plan

Key Features:

Pre-existing disease cover (with approval)
No medical checkup required
Worldwide coverage
Critical illness cover

Coverage / Sum Insured:

Accident: AED 500,000 (Day One)
Sickness: AED 500,000 (Day One)

Add-ons:

Permanent and total disability benefit
Waiver of premium benefit

Sukoon Insurance Life Guard

Claim Settlement Ratio: 97.5%

Plan Type: Regular Pay

Key Features:

Worldwide coverage
Multiple payment modes
Multiple currency options
Critical illness cover

Add-ons:

Waiver of Premium in case of permanent & total disability
Critical illness benefit
Hospital indemnity

Sukoon Takaful Family Takaful Term

Claim Settlement Ratio: 99%

Plan Type: Regular Pay

Key Features:

Worldwide coverage
Multiple payment modes
Multiple currency options
Joint Life (both death or first death)
Integrated critical illness benefit including the following diseases —
- Last-stage cancer
- Heart attack leading to end-stage heart failure
- Critical stroke

Coverage: AED 100,000 / USD 27,200

Entry Age: 18–69 years

LIC Protect Term Plan 278

Claim Settlement Ratio: 98.99%

Plan Type: Regular Pay

Key Features:

Worldwide coverage
Multiple payment modes
Rider benefits available

Coverage: USD 100,000

Entry Age: 18–65 years

Policy Term: 5–35 years

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Term Life Insurance Calculator

Features of Life Insurance for Seniors

Life policies for older people provide financial security ensuring a steady income flow and freeing them from financial obligations. There is more to life insurance for elderly than meets the eye.

Here are the features of life insurance for seniors:

Age Limit – The maximum age to buy this policy is 65 years, making life insurance in UAE accessible to seniors.
Death Benefit – Most life insurance products for seniors, like term plans and whole life insurance plans, provide a death benefit in case the life assured passes away during the police tenure. So, if the elder person dies during the policy period, the sum assured will be given to their beneficiary, be it their surviving spouse or children.
Premium Payable – Life insurance for older people has a higher premium than the policies for younger people. To get the right idea about the premium that you would need to pay, you can use the life insurance calculator on Policybazaar.ae.
Medical Examination – The elderly need to undergo a medical test before buying a life policy. This evaluation helps insurers assess if they have any pre-existing medical conditions like diabetes or cardiovascular disorders.

Note — The main medical examinations include –

Body Mass Index
Urine Test
Blood Test (Complete Blood Count, Kidney Function Test, Lipid Profile, Blood Sugar Test, Liver Function Test, and HIV Test)
Ultrasound
Chest X-Ray
Comprehensive Trail-Making Test

Who Should Buy Life Insurance for Seniors ft. Insurable Interest?
When considering life insurance for seniors, it is essential to understand the concept of ‘insurable interest.’ You can buy life insurance for your elderly parents to ensure that no one suffers any kind of financial setback in the absence of either parent. However, before buying the policy, it is important to make sure that you have your parents’ consent. Their participation further streamlines the insurance paperwork.

Who Should Buy Life Insurance for Seniors ft. Insurable Interest?

When considering life insurance for seniors, it is essential to understand the concept of ‘insurable interest.’ You can buy life insurance for your elderly parents to ensure that no one suffers any kind of financial setback in the absence of either parent. However, before buying the policy, it is important to make sure that you have your parents’ consent. Their participation further streamlines the insurance paperwork.

Which Factors Should You Consider When Buying Life Insurance for Senior Citizens?

Here’s what you need to factor in buying a life insurance plan for senior citizens –

Types of Life Insurance - Seniors in the UAE can choose from term life, whole life, or universal life insurance. Each option offers different benefits, so select one that matches your needs and financial goals.
Medical Underwriting - Getting a life policy as a senior often involves a medical exam and health assessment. These results can affect your premium, making it important to be prepared.
Coverage Amount - To decide how much coverage you need, consider your debts, ongoing expenses, and the financial needs of your family. Consulting a financial advisor can also help you determine the right amount.
Premium Costs - Premiums of life policies for seniors are usually higher. However, the financial security and peace of mind provided by them can make the cost worthwhile.

Things to Keep in Mind While Getting Life Insurance for 60 Year Old

Life insurance for senior citizens is a must-have, as medical needs increase with age. Choosing the right plan requires careful attention to premiums, coverage, waiting periods, and hospital benefits. Below is a detailed checklist to help you find the best senior life insurance in UAE for yourself or your loved ones —

Premiums Increase with Age: The older the applicant, the higher the premium.
Health Status Matters: Pre-existing conditions may raise premiums or require medical tests.
Compare Plans: Always check policies from multiple insurers to secure the best rate.
Entry Age Limits: Most insurers allow entry until mid-70s.
Policy Term: Coverage usually ranges from 5 to 35 years, depending on health and age.
Riders Add Value (and Cost): Options like critical illness, accidental death, or return of premium riders increase premiums but provide better protection.

Hospitalisation Perks

Check the list of network hospitals.
Look for policies with broad hospital coverage and in-hospital benefits.
Choose insurers with better tie-ups to reduce out-of-pocket expenses.

Pre-Existing Disease Coverage

Rules differ by insurer.
Coverage for pre-existing conditions usually comes with a waiting period.
Always review terms carefully if you have an existing illness.

Waiting Period

Most UAE senior citizen life insurance plans have a waiting period of 6-12 months.
During this time, claims for certain conditions may not be covered.
After the waiting period, full coverage applies.

Guaranteed Sum Assured

Senior plans often have a different sum assured compared to standard life insurance.
Choose a plan with a higher sum assured to cover possible medical needs.

Eligibility for Senior Citizen Life Insurance in UAE

Available for individuals 45 years and above.
Some insurers may allow entry slightly earlier (55–59) or later (65+).
Many plans have no upper age limit.
Must be a UAE national or resident.
Expats and non-residents may also access similar plans and benefits.

How to Buy the Best Life Insurance for Senior Citizens?

While it is recommended to buy life insurance at a young age, buying it at an older age is not late either. However, getting life coverage at an older age typically results in higher premiums, loading charges, and more. This is why it is important to buy life policy for seniors as soon as possible — delays could further increase the rates.

At Policybazaar.ae, we have top plans for every age group, including the elderly. You can get the insurance of your choice by following a few simple steps:

Click the button below to get started.
Fill in your basic details like your name, number, and income. This will help in matching the best plans for you.
Browse through multiple insurer options and compare features, price, and claim settlement ratios — all in one place.
You can select the right senior citizen life insurance plan, complete the application, upload required documents and submit the application.
If you are unsure, you can even request a call back from PB experts for free.

✅ That’s it! In just a few clicks, you can compare, buy, and manage your insurance online with support and claim assistance from Policybazaar.ae.

Final Takeaway

When buying life insurance for older people in UAE, always check the premium rates, waiting period, pre-existing condition coverage, and hospital networks. Comparing multiple plans is the best way to balance affordability with comprehensive benefits. A well-chosen plan ensures peace of mind and financial protection in later years.

Buy Life Insurance Now

Frequently Asked Questions

Whole life insurance is a great life insurance option for seniors. Most of these policies have higher maximum entry age restrictions and provide higher coverage options.

Yes, senior citizens need to undergo a medical test to help the provider understand their health condition. It is a prerequisite to determine the premium for life insurance for seniors.

No, you can get life insurance for older people even at 60. Usually, the maximum age entry limit is 65 years for life insurance.

No, life insurance for senior citizens is not just for Emiratis. Even residents, including non-residents and expatriates, can buy life insurance for older people.