Term Life Insurance Rate Chart by Age

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 coverage early can save you thousands over time. ...read more

Term Insurance in UAE
We Are Rated

4.6/5

27,325

google-logoReviews
35+

Insurance Partners

1.5 Million+

Trusted Customers

750 K+

Policies Sold

next-icon

PB Promise Best
Price Guarantee

AED 1 Million Cover
Starting @ AED 50/month*
nameIcon
mobileNumberIcon
Monthly Income (Dirhams)
1k - 3k
3k - 5k
5k - 8k
8k - 10k
10k - 15k
15k - 20k
20k+
certified-icon Qualified Policybazaar expert will assist you

How Does Age Affect Term Insurance Rates Chart?

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 —

  • Life expectancy: Younger people usually have lower mortality rates, reducing the risk for insurers.
  • Health profile: With age comes higher chances of health issues. For young adults, however, this risk is low. 
  • Premium lock-in: Buying early allows you to lock in low rates for the full policy term. 

So if you’re asking, ‘How do term insurance premium charts work?’ — the answer is: the earlier you buy, the less you pay!

Buy Best Life Insurance Plan in UAE

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

Term Insurance Rate Chart by Age (Age vs Premium)

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
(Yearly)

30-Year Term
(Yearly)

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 

Buy Term Insurance in Dubai

The policy term may vary for the ages above 45. 

Age 

5-Year Term
(Yearly)

10-Year Term
(Yearly)

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.

Factors Affecting Term Insurance Premium Chart

While age is a major factor, the term insurance rates chart also depends on —

  • Gender: Women usually pay lower premiums due to longer life expectancy
  • Smoking habits: Smokers often pay higher rates due to increased risk of health conditions and death
  • Health: Chronic illnesses or poor medical history raise your premiums
  • Term length: Longer terms cost more but offer longer protection
  • Coverage amount: Higher coverage leads to higher premiums

Why Term Life Insurance Rates are Lower for Younger People?

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.

What is the Ideal Age to Buy Term Life Insurance?

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 —

In Your 20s

  • Cheapest premiums
  • Best for long-term coverage (30-year term)
  • Great time to lock in low rates

In Your 30s

  • Still affordable
  • Covers growing responsibilities like kids or mortgage
  • 20-25 year terms work well

In Your 40s

  • Higher premiums
  • Choose 15–20 year term to cover big liabilities
  • Buy soon if you’re still healthy

In Your 50s

  • Limited options and costly premiums
  • Consider shorter terms or lower coverage
  • Evaluate if a term or a whole life plan suits your goals

As we saw through the term insurance premium chart, buying early is a smart move

Common Mistakes When Buying Term Insurance

  1. Waiting until you have children
    → You miss out on locking low premiums early
     
  2. Assuming you'll stay healthy
    → Health risks increase with age, driving up premiums
     
  3. Relying only on employer coverage
    → Limited payout and may lapse with a job change

Avoiding these can help you get the best rates on any term insurance rates chart.

Tips to Get the Best Term Insurance Rate Chart by Age

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.

Where to Find the Best Term Insurance Plans in the UAE?

Looking for term insurance in the UAE? Policybazaar.ae makes it easy.

  • Compare plans from top insurers
  • View term period, benefits, and term life insurance price charts
  • Get expert help and exclusive offers
  • Buy instantly online with secure payments

Whether you’re 25 or 55, Policybazaar.ae helps you find the best value from your term insurance rates chart.

Final Thoughts: Term Life Insurance Rate Chart by Age

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 Steps

Learn 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

Frequently Asked Questions

Do I need to buy term life insurance?

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.

How can you reduce life insurance premiums at any age?

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.

Is life insurance more expensive if I smoke?

Yes, smokers pay higher premiums due to increased health risks. Smoking is a major factor insurers consider when calculating life insurance costs.

Which age is best for term insurance?

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.

Which is better, term or whole life insurance?

Term life coverage is affordable and ideal for basic coverage. Whole life insurance, meanwhile, suits those seeking lifetime coverage and investment benefits.

What happens if I cancel my term life insurance?

You won’t get any cash value back. However, if you’ve prepaid, you might receive a small refund for the unused premium portion.

More From Term Insurance

  • Recent Articles