Top Companies Offering Best Term Life Insurance Plans in 2021

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  | Published: 17 August 2021

Buy a term plan and secure your family

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Life is full of surprises, and uncertainties can take place anytime, anywhere. To sustain through these unplanned events, one must be prepared with an efficient plan. 

Buying a term insurance plan could be the best idea to secure your family’s financial future in case you are not around to provide for them due to an illness or an unfortunate demise. The right term insurance plan can offer you plenty of benefits along with the financial security of you and your family. But how would you find one?

Most people explore term insurance plans online, compare their prices, and make a purchase decision. Prices are important, no doubt. But while giving so much importance to the price, you may compromise with various other factors that need to be considered.

To make sure you choose the right plan, we have listed down the best insurance companies that offer customizable term insurance plans in the UAE. The list will help you find the most suitable term plan based on your financial needs. 

Best Insurance Companies to Buy Term Insurance Plans in UAE

Here is a list of leading insurance companies offering the best term insurance plans that one can consider in 2021.

MetLife Term Insurance Company

MetLife is one of the leading insurance companies in the UAE. The company offers excellent term insurance plans to help policyholders secure their loved ones’ future and protect them against unexpected financial crises. 

Term Insurance Plan – Live Life

Live Life is a comprehensive health care solution offered by MetLife. Here are the features and benefits of this term insurance plan.

  • Flexibility: The term insurance plan is customizable based on the needs of the customers. It offers flexible insurance coverage with multiple payment options to help policyholders make easy payments.
  • Exclusive Discounts: The term insurance plan supports the health of the policyholders by providing exclusive discounts on dental, optical and pharmaceutical services.
  • Built-in Benefits: The term insurance plan offers built-in benefits like free second medical opinion and MetLife Discount Card.
  • Policy Term: The applicants can buy Live Life Term Insurance for the maximum policy term of 30 years that provides coverage up to 85 years.
  • Unique Riders: The term insurance plan offers a special rider called Forever Plan. The plan helps policyholders get lifetime monthly income in case of Permanent Total or Partial Disability due to an accident or a sickness.

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Zurich Term Insurance Group – Zurich Middle East

Zurich Insurance Group is one of the best insurance service providers in the world. Zurich Middle East is the company’s branch operating in the UAE. Zurich term insurance plans provide the policyholders with financial support when they need it the most.

Term Insurance Plan - International Term Assurance (ITA)

International Term Assurance is an excellent term insurance plan to support policyholders and their families financially for a specific period of time. Here are the features and benefits of this term insurance plan.

  • Policy Term: The applicants can purchase International Term Assurance Plan for the maximum policy term of 35 years with the maximum age cover of 80 years.
  • Additional Riders: The insurance company offers unique riders, including Permanent Total Disability Benefit, Critical Illness Benefit and Waiver of Premium Benefit for the policyholders.
  • Easy Claim Settlement: The insurance company has a simple claim registration process and an excellent claim settlement ratio. 

Oman Term Insurance

Oman Insurance is one of the oldest insurance service providers in the UAE. The company offers customisable term insurance plans depending upon the target customers’ needs.

Term Insurance Plan – Lifeguard

Lifeguard term insurance plan offers financial stability to policyholders and their families in case of an unfortunate event. Here are the benefits and features provided by the term insurance plan.

  • No Medical Tests Required: The applicants less than 46 years old need not go through any initial medical tests to buy a Lifeguard term insurance plan.
  • Loan Cover: Oman Insurance Lifeguard term insurance plan provides policyholders with business and other outstanding loan covers.
  • Flexible Payment Options: Oman Insurance Lifeguard term insurance plan offers single and regular payment modes for the policyholders to help them make easy premium payments.
  • Additional Covers: Lifeguard term insurance plan provides policyholders with Permanent Total Disability and Critical Illness cover until the age of 65 years.

Takaful Emarat Term Insurance 

Takaful Emarat is a renowned Shariah-compliant health and life takaful insurance provider in the UAE. The company offers valuable term insurance products for individual customers to help them fulfil the future financial needs of their loved ones. 

Term Insurance Plan – Fixed Term Plan

Fixed Term Plan is an affordable term insurance plan with flexible policy terms. The plan comes with no maturity benefits. Here are the features and benefits of the term insurance plan.

  • Flexible Policy Terms: The policyholders can choose the policy term between 5 and 25 years based on their financial requirements.
  • Available in Multiple Currencies: The Fixed Term Plan can be purchased in two different currencies – AED and USD – based on users’ convenience.
  • Age Criteria: The policyholders can buy Takaful Emarat Fixed Term Plan from the age of 18 till 65 years.
  • Worldwide Coverage: The best part about the Fixed Term Plan is that it offers worldwide coverage for the policyholders.
  • Additional Benefits: Takaful Emarat Fixed Term Plan offers other benefits in the form of riders such as Critical Illness Benefit, Permanent Total or Partial Disability Benefit and Accidental Death Benefit.

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Noor Takaful Ethical Term Insurance 

Noor Takaful Ethical Insurance offers a wide range of family insurance products to help policyholders protect their families against uncertainties like an accident, disability or death. Term insurance is one of the family insurance products the company offers. Term insurance plans help policyholders provide complete financial protection and stability to their loved ones in case of unfortunate events.

Term Insurance Plan – Pure Protection

Pure Protection term insurance plan offers affordable premiums with a higher sum assured. This term insurance plan is one of the most cost-effective plans in the UAE. Here are the benefits and features of the insurance plan.

  • Contribution Options: The term insurance plan comes with two different contribution options for the policyholders – Single Contribution and Annual Contribution. The policyholders are free to choose any payment option based on their choice. 
  • No Medical Check-Ups: The applicants can buy this term insurance plan and enjoy its benefits without undergoing any medical check-ups.
  • Flexible Policy Term: The insurance company allows policyholders to choose the policy term between 5 and 30 years based on their financial requirements.
  • Maturity Benefits: The insurance company provides a fixed amount of cashback at the maturity of the policy term. The amount depends upon the tenure the policyholder selected at the time of purchase.

The Bottom Line

Now that you have gone through the list of insurance companies with the best term insurance plans, you may buy the one that suits you the best. However, if you are still having second thoughts and haven’t yet found what you came looking for, you can always contact our support team. Our expert representatives will help you find the best-fit term insurance plan keeping your and your family’s financial needs in mind.