Understanding Term vs Whole Life Insurance

Of all the financial decisions you’ll make in life, choosing the right life insurance plan is one of the most crucial — yet often the most confusing. With multiple options available, understanding what suits your needs today and safeguards your future tomorrow can feel overwhelming. Do you go for the simplicity and affordability of Term Insurance, or choose the lifelong protection and savings element that comes with Whole Life Insurance? In this episode of The Policy Project by Policybazaar.ae, host Sid is joined by Atul Kathuria, Business Head of Life Insurance & Investments at Policybazaar.ae, for a deep and insightful conversation that demystifies life insurance once and for all. Together, they unpack the core differences between Term and Whole Life Insurance — from how coverage works to the way premiums are structured, how long each plan lasts, and whether or not it builds cash value over time. They explore which plan might suit different life stages, income levels, and financial goals — and what to think about if you’re buying life insurance in the UAE as an expat. Most importantly, they explain how to align your insurance choice with your long-term financial planning, whether it’s protecting your family, planning your legacy, or ensuring financial stability in uncertain times. With relatable examples, clear explanations, and real audience questions answered along the way, this episode is your go-to guide to making a well-informed, confident decision about life insurance. If you’ve ever been unsure about what plan to pick or when to buy it, this episode gives you clarity — and a solid first step toward securing your financial future.

Join the conversation on The Policy Project Podcast by Policybazaar.ae — because understanding insurance shouldn’t be complicated.