Term life insurance is essential to protect your loved ones from financial hardships in case of your untimely passing. But did you know that the term life insurance rates chart by age can drastically affect how much you’ll pay? The younger you are, the lower your premium, which means locking in ...read more
Your age is one of the most important factors that determines your premium. This is because younger individuals usually have better health and a lower mortality risk, making them cheaper to insure.
Here are the key reasons why age matters in terms of term life coverage —
So if you’re asking, ‘How do term insurance premium charts work?’ — the answer is: the earlier you buy, the less you pay!
Some of the best Term Insurance quotes in UAE & Dubai are:
Here’s a general overview of the term life insurance rate chart by age for a non-smoker male applying for an AED 1 million policy. The figures in the table represent the annual premiums.
Age |
20-Year Term (Yearly) |
25-Year Term |
30-Year Term |
---|---|---|---|
20 |
AED 578 - AED 1,261 |
AED 613 - AED 1,306 |
AED 343 - AED 2,392 |
25 |
AED 614 - AED 1,306 |
AED 722 - AED 1,370 |
AED 849 - AED 1,478 |
30 |
AED 794 - AED 1,418 |
AED 952 - AED 1,570 |
AED 1,194 - AED 2,140 |
35 |
AED 1,059 - AED 1,850 |
AED 1,378 - AED 2,360 |
AED 1,574 - AED 3,000 |
40 |
AED 1,475 - AED 2,660 |
AED 1,886 - AED 3,390 |
AED 2,154 - AED 4,280 |
45 |
AED 2,460 - AED 4,240 |
AED 2,916 - AED 5,340 |
AED 3,381 - AED 6,680 |
The policy term may vary for the ages above 45.
Age |
5-Year Term |
10-Year Term |
---|---|---|
50 |
AED 2,091 - AED 14,080 |
AED 2,750 - AED 6,264 |
55 |
AED 3,151 - AED 21,640 |
AED 4,061 - AED 8,444 |
60 |
AED 5,747 - AED 18,240 |
AED 7,403 - AED 12,550 |
65 |
AED 8,639 - AED 14,320 |
AED 11,055 - AED 32,245 |
These term life insurance price charts reflect how premiums climb sharply with age. If you’re in your 20s or 30s, now’s the perfect time to get insured. |
While age is a major factor, the term insurance rates chart also depends on —
Term life insurance is about risk. Younger people present lower risk, so they pay less. It’s not age bias — it's statistics. Insurers use actuarial tables that show younger individuals have a lower chance of passing away during the policy term.
Ideally, the best time to get term life coverage is whenever you start earning as a young adult. However, even if you missed that bus, you can still get coverage — just don’t delay the decision lest you want to pay higher premiums and face more restrictions. With that said, here’s how to align your policy with your life stage —
As we saw through the term insurance premium chart, buying early is a smart move
Avoiding these can help you get the best rates on any term insurance rates chart.
Getting the best term insurance premium isn’t just about age, it’s also about smart choices.
Here’s how you can reduce your premiums and get the most value out of your policy, no matter your age —
1. Buy Young (Ideally Between Age 20–30): The earlier you buy, the lower your premiums. When you're young, you’re generally healthier and pose less risk to insurers.
2. Stay Healthy: Insurance companies assess your health before setting premiums. Maintaining a healthy lifestyle through regular exercise, a balanced diet, and routine check-ups helps you qualify for better rates.
3. Quit Smoking (Or Never Start): Smokers pay comparatively more than non-smokers. If you quit smoking and stay smoke-free for at least a year, many insurers will consider lowering your rates.
4. Choose the Right Term Length: Match your policy term with your financial goals, like till your kids are independent or your mortgage is paid off. A 20 or 30-year term might be perfect in your 30s, but if you're in your 50s, a shorter term of 10 or 15 years may be more practical and affordable.
5. Compare Plans from Multiple Providers: Premiums and benefits can vary widely across insurers. Use trusted platforms like Policybazaar.ae to compare plans side by side, check coverage options, and get the best rate based on your age and needs.
Looking for term insurance in the UAE? Policybazaar.ae makes it easy.
Whether you’re 25 or 55, Policybazaar.ae helps you find the best value from your term insurance rates chart.
Let’s face it, life coverage may not appear fun to think about at a young age, but it’s one of the most responsible choices you can make for your family. The term life insurance rates chart by age clearly shows how fast prices rise as you grow older. The earlier you buy, the more you save.
So, whether you’re just starting your career or planning your retirement, use this guide to understand your term insurance premium chart and make an informed, financially smart decision
Next StepsLearn about Term Insurance in detail. Need help finding your best fit? Use the Term Life Calculator and get an idea of how much insurance you need. Compare top providers and get the best quotes for term life coverage. View Plans |
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Yes, if you have debts or any dependents on your income, term life insurance is essential. It ensures your loved ones are financially protected if something happens to you.
Buy your policy early, stay healthy, avoid smoking, and compare plans across providers to get the best coverage at the most affordable rates. Choose only the coverage you need to avoid paying extra.
Yes, smokers pay higher premiums due to increased health risks. Smoking is a major factor insurers consider when calculating life insurance costs.
Your 20s are ideal, as premiums are lowest when you're young and healthy. However, term insurance is available and useful anytime between 18 to 65.
Term life coverage is affordable and ideal for basic coverage. Whole life insurance, meanwhile, suits those seeking lifetime coverage and investment benefits.
You won’t get any cash value back. However, if you’ve prepaid, you might receive a small refund for the unused premium portion.