# Life Insurance in UAE **Published:** 2020-01-25 **Updated:** 2026-09-11 **Author:** Aashima Mongia **Reviewer:** Atul Kathuria **Original Url:** https://www.policybazaar.ae/life-insurance/ **We are Rated:** 4.7/5 **Review Count:** 44,602 [Reviews](https://maps.app.goo.gl/Ry9H7NLgFAGso8gZ7) **Insurance Partners:** 35+ **Trusted Customers:** 2 Million+ **Policies Sold:** 1 Million+ Life insurance in the UAE pays your nominee upon your death while the policy is active. UAE residents can buy AED 1,000,000 life cover for AED 50–AED 82 per month, depending on age and health status. You can also compare 35+ CBUAE-accredited insurers on policybazaar.ae. # What is Life Insurance in UAE? Life insurance in UAE is a type of agreement where an insurance provider pays a pre-determined amount of money (sum assured) to your nominee (or legal heir) in the case of your accidental or natural death during the policy term. 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](https://www.policybazaar.ae/investment-plans/endowment-plans/), [term insurance plans](https://www.policybazaar.ae/term-insurance/), 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](https://www.policybazaar.ae/life-insurance/articles/life-insurance-broker/) 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. ## Regulation and Trust: The Role of the Central Bank Policybazaar.ae is regulated by the Central Bank of the UAE (CBUAE) with [Registration No.: 123](https://static.pbcdn.ae/pbuae/images/IA-License-Renewal-2026.pdf) and [Emirates Insurance Federation](https://eifuae.com/) [Registration number B81](https://static.pbcdn.ae/pbuae/images/eia-policybazaar-middle-east-insurance-brokers-llc-2025.pdf). The CBUAE Rulebook serves as the primary resource for regulations and standards mentioned in our article. ## 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. If you are thinking about buying life insurance in 2026, it might be a good idea to purchase it as soon as possible. For instance, a **30-year-old man can buy AED 1,000,000 in life cover for AED 58 per month** as a non-smoker with HAYAH. The same cover would cost him almost double when he turns 40. Based on our research, the average 25-35-year-old in the UAE saves AED 15,000-AED 20,000 by buying life insurance between the ages of 25 and 35 instead of waiting until age 40. It is never too early to secure your family's future! [Atul Kathuria](https://www.policybazaar.ae/reviewer/atul-kathuria/) Business Head – Term Life Insurance, Policybazaar.ae 15+ years in UAE life insurance & wealth management ## 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 | | --- | --- | | 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 | ## Is Life Insurance Mandatory in UAE? Life insurance is not mandatory in the UAE for individuals, unlike health insurance. However, many UAE banks require life insurance (also called mortgage protection) if you take a home loan. Employers may provide group life cover, but individual cover is your own responsibility. ## Why UAE Expats Need Life Insurance (3 Reasons Others Miss) Dubai is one of the world’s most competitive cities, where financial responsibilities increase with lifestyle. Life insurance becomes essential due to: * + **1\. No mandatory insurance:** Unlike health insurance, which is mandatory by law, a life insurance policy is not. This means most people have no plan to support their dependents after their passing, which makes life insurance more necessary. * + **2\. Visa dependency:** Your family members' UAE residency visas are usually dependent on your income. In the unfortunate event of your demise, their visas will either be cancelled or their maintenance/marriage visa fees will be due immediately on the renewal date, usually after 30 days. * + **3\. No state pension:** Most expats working in UAE are not entitled to a government pension. The only end-of-service benefit available is the gratuity. Gratuity is calculated at AED 21 per day for each year of service and applies only to the first five years. This benefit is limited to 21 days of salary payout per year. 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. ## What Happens To Your Life Insurance Policy If You Move Out Of The UAE? Most of the life insurance policies bought in the UAE have worldwide coverage. So, unless you specifically mention your intention to move out upon buying the policy, it will not terminate on its own, provided you continue to pay the premiums. _**When moving out, you have four options, depending on the type of policy:**_ * **Continue paying the premiums from abroad:** Most insurers allow you to pay the premiums from your foreign bank account. This is the easiest option, as many expats have already done this. * **Convert it to a paid-up policy:** You stop paying the premiums, while the sum assured is adjusted to reflect the premium due. The new sum assured will be less than the original sum assured. * **Surrender the policy:** On surrender, you will receive the surrender value, which should have built up, in the case of a whole life plan or a savings-linked plan. * **Let it lapse:** Stopping premium payments for more than the allowed period will cause the policy to lapse. This is not the best option, as you need to check whether you can reinstate it. Before buying a life insurance policy in the UAE, make sure you ask the agent whether the policy covers death outside the UAE, whether the claim can be submitted online and whether the premiums can be paid from a foreign account. [Policybazaar.ae](https://www.policybazaar.ae/) advisers can help you filter your options based on these factors. ## 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.**_ ## Life Insurance in UAE: Market Size and Statistics 2026 * The UAE life and annuity insurance market is valued at approximately USD 2.54 billion in 2026 and is projected to reach USD 3.02 billion by 2031, growing at a CAGR of 3.53%. * Total insurance (life+non-life) premiums were ~AED 65.1 billion in 2024 (≈$17.7 billion), rising to AED 75.2 billion in 2025. * Whole life insurance accounted for 36.12% of the UAE life insurance market in 2025, making it the largest product category by premium share. * Unit-linked life insurance plans are expected to be the fastest-growing segment, with a projected 10.12% CAGR through 2031, driven by demand for protection with investment-linked benefits. * Regular premium plans represented 69.35% of all life insurance premiums in 2025, showing that most UAE residents prefer paying monthly or annual premiums instead of making one-time lump-sum payments. * Digital insurance platforms are projected to grow at over 15% annually, with more UAE residents comparing and buying life insurance online than ever before. ## 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: Premiums shown are indicative. Final premium depends on age, health, and underwriting. ✱ AED 50/month applies to a 30-year-old non-smoker for a 10-year, AED 1M HAYAH Term Life Protect plan** ## How Much Life Insurance Coverage Do You Need? Don't guess your family’s future. Use the [D.I.M.E. formula](https://www.policybazaar.ae/life-insurance/articles/dime-analysis-for-life-insurance/) 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](https://www.policybazaar.ae/life-insurance/articles/life-insurance-for-home-loan-uae/) | | Education | The total estimated cost of your [children’s higher education](https://www.policybazaar.ae/investment-plans/child-plans/) 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 _**Example: How to use DIME method if you earn AED 15,000/Month**_ | Debt | Personal loan AED 80,000 + car loan AED 60,000 | AED 140,000 | | --- | --- | --- | | Income | AED 15,000 × 12 months × 15 years remaining career | AED 2,700,000 | | Mortgage | Outstanding home loan balance | AED 800,000 | | Education | 2 children × AED 200,000 estimated university costs | AED 400,000 | | Total Recommended Cover | | AED 4,040,000 | Based on the calculation above, a person earning AED 15,000 monthly should consider buying a life insurance cover of at least AED 4,040,000. You can use Policybazaar. ae [Life Insurance Calculator](https://www.policybazaar.ae/life-insurance-premium-calculator-liart/) to get a better idea of how much life insurance you should get. ## How to Claim Life Insurance in the UAE? Filing an insurance claim with Policybazaar.ae is quick and hassle-free. You can submit your claim or get assistance through any of the following channels: Step 1 Call Us Speak to our dedicated claims support team at 800 800 001. Our advisors are available daily from 8 AM to 11 PM GST to guide you through the claims process. Step 2 Email Us Send your claim details and supporting documents to care@policybazaar.ae, and our team will get back to you promptly. Step 3 Complete the Claim Form Next, add the correct details in the claim form. Make sure it matches the insurance policy Step 4 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 5 Submit Your Claim Online Visit the Policybazaar.ae website and use the "File a Claim" option to initiate your claim request online. 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 Get End-to-End Claims Assistance Our dedicated claims experts will guide you through the documentation, coordinate with the insurer, provide regular updates, and support you until your claim is settled. ## What are the Different Types of Life Insurance Policies? ## Term Insurance [Term insurance](https://www.policybazaar.ae/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](https://www.policybazaar.ae/life-insurance/whole-life-insurance/) 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](https://www.policybazaar.ae/investment-plans/ulip-plans/), 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](https://www.policybazaar.ae/investment-plans/endowment-plans/) 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](https://www.policybazaar.ae/investment-plans/). Such plans offer both life insurance coverage and assured [maturity benefits](https://www.policybazaar.ae/basic-guide-to-understand-life-insurance-maturity-benefits-liart/). ## Common Life Insurance Customer Queries Resolved Can I increase my life insurance coverage after buying the policy? If you miss a premium, your policy enters a 30-day grace period. If still unpaid after grace, the policy lapses and coverage stops. Most UAE insurers allow reinstatement within 2 years with pending premiums paid. 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. ## 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](https://www.policybazaar.ae/at-which-age-should-i-buy-a-term-insurance-trmart/). 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](https://www.policybazaar.ae/life-insurance/articles/nominee-in-life-insurance-uae/) 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](https://www.policybazaar.ae/investment-plans/articles/retirement-plans-in-uae/) 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 — Parameter Life Insurance Term Insurance Death Benefits Yes Yes Cash Value Yes — can be fixed or grow over time No Policy Period Usually the entire life or up to the age of 100 years 5 to 35 years Premium Higher due to investment component Lower Maturity Benefits As per the policy None ## What Makes Your Life Insurance Premium Higher in 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](https://www.policybazaar.ae/critical-illness/), [accidental death](https://www.policybazaar.ae/life-insurance/articles/what-is-death-benefit-in-life-insurance/) cover, [waiver of premium](https://www.policybazaar.ae/life-insurance/articles/waiver-of-premium-rider-uae/), 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](https://www.policybazaar.ae/investment-plans/). 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 | | Discipline in Saving | Regular premium payments encourage disciplined long-term savings | Depends on individual investment habits | ### **What’s the Best Approach? Combine Both.** 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](https://www.policybazaar.ae/life-insurance/articles/life-insurance-waiting-period-uae/), and rider benefits before buying life insurance in the UAE. ## 3 Expert Tips to Buy Life Insurance Cheaper in UAE 1. **Compare Online:** Use platforms like Policybazaar.ae to compare 30+ plans for free. Online policies are often cheaper than offline ones. 2. **Check the CSR:** The [Claim Settlement Ratio](https://www.policybazaar.ae/all-you-need-to-know-about-claim-settlement-ratio-hiart/) tells you how many claims the company has successfully paid. 3. **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. | ## Do's and Don'ts of a Life Insurance Policy Do's Don'ts ✔ Buy early ✕ Hide smoking or medical history ✔ Compare plans ✕ Delay policy purchase ✔ Read policy documents carefully ✕ Miss premium payments ✔ Choose suitable riders ✕ Underinsure yourself ## 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](https://www.policybazaar.ae/life-insurance/articles/types-of-insurance-riders/) * 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](https://www.policybazaar.ae/life-insurance/articles/what-is-death-benefit-in-life-insurance/) * 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 * Get instant issuance assistance, dedicated relationship and claims support with [PB advantage](https://www.policybazaar.ae/life-insurance/pb-advantage/). * You can also enjoy perks like savings up to 50% on eligible UAE Will professional fees, and referral rewards. 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 – 01 Critical 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. 02 Accidental 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. 03 Waiver 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. 04 Terminal 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. 05 Second 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. 06 Permanent 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 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](https://www.policybazaar.ae/life-insurance/articles/how-does-life-insurance-policy-work-in-uae/) 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. ## Top Life Insurance Providers [Takaful Emarat Life Plan](https://www.policybazaar.ae/takaful-emarat-life-insurance-lipvd/) [ Hayah Life Insurance](https://www.policybazaar.ae/axa-life-insurance-lipvd/) [Watania Takaful Life Insurance](https://www.policybazaar.ae/insurance-companies/watania-takaful-life-insurance/) [ Sukoon Life Insurance](https://www.policybazaar.ae/insurance-companies/sukoon-life-insurance/) [Zurich Life Insurance](https://www.policybazaar.ae/zurich-life-insurance-lipvd/) [ Union Life Insurance](https://www.policybazaar.ae/union-life-insurance-lipvd/) [Salama Life Insurance](https://www.policybazaar.ae/salama-life-insurance-lipvd/) [ Alliance Life Insurance](https://www.policybazaar.ae/alliance-life-insurance-lipvd/) [National Life Insurance](https://www.policybazaar.ae/national-life-insurance-lipvd/) [ Rak Life Insurance](https://www.policybazaar.ae/rak-insurance-life-insurance-lipvd/) [MetLife Life Insurance](https://www.policybazaar.ae/metlife-life-insurance-lipvd/) [ LIC International Life Insurance](https://www.policybazaar.ae/lic-life-insurance-lipvd/) ## Everything You Need to Know About Life Insurance [Insurance for Job Loss](https://www.policybazaar.ae/job-loss-insurance-in-uae-liart/) [Life Insurance Companies in UAE](https://www.policybazaar.ae/which-is-the-best-life-insurance-company-in-the-uae-liart/) [Medical Test for Life Insurance](https://www.policybazaar.ae/what-medical-tests-are-required-for-life-insurance-in-uae-liart/) [How Does Life Insurance Work after Death?](https://www.policybazaar.ae/life-insurance/articles/how-does-life-insurance-policy-work-in-uae/) [Life Insurance for Expats in UAE](https://www.policybazaar.ae/an-expat-in-uae-here-are-the-best-life-insurance-plans-for-you-liart/) [Whole Term Life Insurance Policy](https://www.policybazaar.ae/life-insurance/whole-life-insurance/) [How Does a Life Insurance Policy Work](https://www.policybazaar.ae/life-insurance/articles/how-does-life-insurance-policy-work-in-uae/) [Loans Against Your Life Insurance Plan](https://www.policybazaar.ae/how-can-you-get-loans-against-your-life-insurance-plan-liart/) [Endowment Policy vs Whole Life Insurance](https://www.policybazaar.ae/how-endowment-life-insurance-is-different-from-whole-life-insurance-liart/)[Benefits of Life Insurance](https://www.policybazaar.ae/5-key-benefits-of-having-a-life-insurance-policy-in-uae-as-an-expat-liart/) [Life Insurance Claim Settlement Ratio](https://www.policybazaar.ae/all-you-need-to-know-about-claim-settlement-ratio-in-life-insurance-liart/) [Life Insurance Calculator](https://www.policybazaar.ae/life-insurance-premium-calculator-liart/) [Pros and Cons of Life Insurance](https://www.policybazaar.ae/term-insurance/articles/pros-and-cons-of-life-insurance/) [Senior Citizen Life Insurance](https://www.policybazaar.ae/life-insurance/articles/life-insurance-for-senior-citizens/) [Life Insurance Vs Health Insurance](https://www.policybazaar.ae/life-insurance-vs-health-insurance-liart/) [Pension Plans for NRI in UAE](https://www.policybazaar.ae/pension-plan-for-nri-in-uae-liart/)[How to File Life Insurance Claim?](https://www.policybazaar.ae/all-you-need-to-know-about-claim-settlement-ratio-in-life-insurance-liart/)[How to Avoid Claim Rejection for Life Insurance?](https://www.policybazaar.ae/6-ways-to-avoid-life-insurance-claim-rejection-in-the-uae-liart/)[Life Insurance with Maturity Benefits](https://www.policybazaar.ae/basic-guide-to-understand-life-insurance-maturity-benefits-liart/)[Who Needs to Buy Life Insurance Plans?](https://www.policybazaar.ae/who-buys-life-insurance-in-the-uae-why-liart/)