Individual Life Insurance

Life policies offer benefits such as income replacement, debt protection, and future financial planning, making them essential for both UAE nationals and expatriates. Whether you are looking for term life or whole life coverage, individual life insurance provides a customized solution based on your needs.

In the UAE, various insurance providers offer flexible plans with competitive premiums. Choosing the right policy helps secure your family's future, covering expenses like daily living costs, education, and outstanding loans.

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An Overview of Individual Life Insurance

As the name implies, individual life insurance is a lifetime financial security that protects your family if something happens to you, helping them lead a decent standard of living, even in your absence. In exchange for this financial protection, you pay a regular premium as a policyholder and life assured.

This type of plan is significantly different from group life insurance as it is just for individuals. An individual life insurance serves as an important financial safety net that helps you live your life peacefully while taking care of future finances.

Individual Life Insurance Benefits

In the UAE’s dynamic and rapidly-growing economy, securing your financial future is more than a necessity. Life insurance plays a vital role in protecting your loved ones from financial hardships, ensuring long-term stability. Whether for residents or expatriates, having a life plan provides peace of mind and financial security in case of unforeseen events.

The following are individual life insurance benefits —

Financial Security for Your Family – Individual life insurance ensures your loved ones are financially protected in case of your absence. The lump sum payout is designed to ease the financial burden by helping cover daily expenses, outstanding debts, and future financial needs, easing the burden on dependents
Education and Future Planning – With education being a priority in the UAE, an individual life policy ensures children’s education remains uninterrupted, even in difficult times
Debt Protection – It helps settle outstanding loans, mortgages, or credit card debts, preventing financial strain on the family
Business Continuity & Estate Planning – For business owners, individual life insurance ensures a smooth ownership transition and financial stability. It also simplifies inheritance for expatriates, allowing wealth transfer without legal complications

Best Individual Life Insurance Plans

Here’s the list of the best individual life insurance plans in UAE —

Plan Name	Benefits	Apply
HAYAH Term Life Protect	Death benefit Flexible premium payment — monthly, half-yearly, limited pay, quarterly, annually, or one-time payment Riders – Temporary life cover Terminal illness benefit Permanent total disability Critical illness benefit Passive war risk Waiver of premium benefit	Buy Now
Zurich International Term Assurance	Pure term plan Flexibility to choose between annual or monthly premium payment options Option to open a joint life policy Riders – Terminal illness benefit Permanent total disability Critical illness Waiver of premium benefit	Buy Now
MetLife Live Life	Death benefit Option to select the premium payment method — monthly, half-yearly, one-time, limited-pay, quarterly, or annually Riders – Second medical opinion MetLife Discount Card Accelerated critical illness benefit Accelerated terminal illness benefit Accidental death benefit Waiver of premium benefit Permanent total disability benefit War risk Personal accident death benefit Hospital care Accidental care	Buy Now
MetLife Live Life Now	Death benefit Option to select the premium payment method — monthly, half-yearly, or quarterly Riders – Second medical opinion MetLife Discount Card Accelerated critical illness benefit Accelerated terminal illness benefit Accidental death benefit	Buy Now
Takaful Emarat Fixed Term	Shariah-compliant insurance Flexibility to choose between annual or limited pay premium payment options Death benefit Riders – Critical illness benefit Terminal illness benefit	Buy Now
Orient International Term Plan	Death benefit Option to select the premium payment method — monthly, half-yearly, one-time, limited-pay, quarterly, or annually Riders – Terminal illness benefit Passive war risk Permanent total disability Critical illness benefit	Buy Now
Sukoon Lifeguard	Death benefit Option to select the premium payment method — monthly, half-yearly, one-time, limited-pay, quarterly, or annually Riders – Critical illness (accelerated and additional) Hospital indemnity rider Permanent total disability accident (accelerated) Permanent total disability accident and sickness (accelerated) Accidental death benefit (additional) Waiver of premium due to permanent total disability	Buy Now
LIC International Life Protect Term Plan 278	Death benefit Flexibility to choose between annual or half-yearly premium payment options Riders – Critical illness benefit (accelerated)	Buy Now
Zurich Futura	Death benefit Cash Value Accelerated terminal illness Funeral coverage Aeroplane cover Life event increase option Second medical opinion (including your family) Riders – Accidental death benefit Accelerated critical illness benefit or Cancer Cover Dismemberment benefit Family income benefit Fixed term income benefit Hospitalisation benefit Permanent total disability Waiver of premium benefit	Buy Now
MetLife Future Protect	Death benefit Cash value Second medical opinion MetLife Discount Card Terminal illness benefit Riders – Accidental death benefit Accelerated critical illness benefit Waiver of premium in case of death or disability Permanent total disability Permanent partial disability Hospitalisation benefit	Buy Now
Sukoon Life Protect (Conventional)	Death benefit Cash value No lock-in period Whole life insurance Riders – Permanent total disability Accidental death benefit Premium waiver benefit Critical illness benefit Hospital care rider	Buy Now
Sukoon Family Takaful Protect	Death benefit Cash value No lock-in period Whole life insurance Riders – Permanent total disability Accidental death benefit Premium waiver benefit Critical illness benefit Hospital care rider Terminal illness benefit Aeroplane cover	Buy Now

Types of Individual Life Insurance Policies

We have mentioned the basic types of individual life policies —

Term Life Insurance – If you are looking for an affordable individual life plan that offers life coverage, term life insurance is worth exploring. This type of insurance substitutes the lost income if the life assured passes away during the policy tenure. However, if the life assured survives the plan, maturity benefits are now provided
Whole Life Insurance – If you want an individual life policy that builds cash value along with providing a financial safety net, whole life insurance is just for you. This is a permanent life policy with a comparatively higher premium than term insurance but worth exploring, for it accumulates cash value over time throughout the life
Universal Life Insurance – This is another individual, permanent life insurance. It offers cash value and lifetime cover for the whole life. The only difference is that it has flexible premium payment methods

Factors Affecting Individual Life Insurance Plans’ Premiums

Individual life insurance premiums are influenced by various factors, some of which you cannot control, such as age. However, making healthier lifestyle choices can help lower your premium. Here are the key factors that impact individual life insurance costs —

Age – Your age is the most significant factor in determining your premium. Younger individuals typically pay lower premiums since they have a longer life expectancy and are at a lower risk of health issues. Some policies may have age limits, making it harder to qualify after a certain point
Gender – Statistically, women tend to live longer than men, which means they usually pay lower life insurance premiums. Insurance providers use these life expectancy trends to calculate rates
Smoking – Smokers face a higher risk of health problems, leading to significantly higher premiums—sometimes more than double compared to non-smokers
Health Condition – Most individual life insurance providers require a medical examination to assess your health. Key factors like blood pressure, cholesterol levels, and heart health are taken into account. Managing conditions such as diabetes or high cholesterol can contribute to securing lower rates. Some insurers offer “no medical exam” policies, but these tend to be more expensive
Lifestyle and Occupation – Engaging in high-risk activities like racing, scuba diving, or rock climbing can increase your premiums. Similarly, working in hazardous professions, such as mining or law enforcement, may result in higher insurance costs
Family Medical History - A history of hereditary conditions like heart disease or cancer in your family can lead to higher premiums. Insurers assess the medical background of your parents and siblings, especially if these conditions contributed to early deaths. Some insurers weigh this factor more heavily than others. By maintaining good health, avoiding risky activities, and quitting smoking, you can improve your chances of securing an affordable life insurance policy

How to Buy the Best Individual Life Insurance Plans in the UAE?

You can easily purchase individual life insurance in the UAE through Policybazaar.ae, a one-stop platform for all your insurance needs. Instead of searching multiple websites, you can find and compare top policies from leading providers in one place. Buying a policy here offers several benefits —

Customisable life plans
Claim process assistance
Expert guidance
24/7 customer support

Enjoy a hassle-free experience while selecting the best individual life insurance plan to secure your future.

Buy Life Insurance Now

Frequently Asked Questions

The list of best life insurance companies in UAE include HAYAH Insurance, Zurich, MetLife, Sukoon, Orient Insurance, LIC International, Takaful Emirate, and more.

You should buy individual life insurance as early as possible in life to ensure you pay an affordable premium.

Yes, you can have multiple life plans if they fall in your budget.

Life insurance can cover outstanding debts, funeral costs, daily living expenses, and more.

The types include term life insurance and permanent life insurance including whole life insurance and universal life insurance.

You can pay life insurance premium annually, half-yearly, quarterly, monthly, one-time or via limited-pay.