Life Insurance Policy in Dubai, UAE

What is Life Insurance in UAE?

A life insurance plan provides a financial cushion to your loved ones. Consider it an agreement between you (the insured) and the insurance company. Here, you need to pay regular or lump sum premiums to get coverage. Your family gets the sum assured if something unfortunate happens to you.

Choosing the right life policy helps you financially secure your family. In the UAE, you can find different types of coverage - whole life, ULIPs, endowments plans, term insurance plans, and more. There are some life insurance policies in UAE that may also offer maturity benefits if you survive the term.

The nominees can use the sum assured to lead a decent life. This amount can help your family cover expenses like daily living costs, future goals, or paying outstanding loans. If you are new to life insurance Dubai, consult certified insurance advisers like Policybazaar.ae to ensure you make the right choice.

Why is it Important for You to Purchase Life Insurance Policy in UAE?

Living in the UAE can be exciting, but it's not always easy. Things like high rent, school fees, rising medical costs, and hot weather can make life stressful. Many families depend on just one person’s income to handle everything. If something happens to that person, it can be hard for the rest of the family to cope. 

That’s why life insurance in UAE is important.

• For business owners, it helps the company keep running smoothly if something happens to them
• Some people also use life insurance to save money for the future — certain plans grow your money over time while still protecting your family
• Others help with retirement or make it easier to pass on money to your kids later without long legal problems
• If you're an expat, life plans can help cover costs if your family needs to move or send your body back home in case of death

Here’s the good thing: you can find many types of life insurance in the UAE. Some are simple and low-cost, while others come with extra benefits that can fit your needs and budget.

Best Life Insurance Plans in UAE 2025

With the sheer number of options in the market, choosing a life policy can be difficult. To help you out, we have shared some plans under the best life insurance in UAE —

Key Features of the Best Life Insurance in UAE

Before moving on to the top plans, here are the general benefits of life insurance in UAE —

• Financial Protection - A life plan provides financial security to your family in your absence. If you pass away during the policy term, the nominee receives the sum assured to support their financial needs.
• Wealth Creation - Plans like savings, endowment, or ULIPs help you build wealth while offering sufficient life coverage. If you outlive your policy period, the corpus becomes your maturity benefit.
• Assured Returns with Savings Plans - Savings and retirement plans offer guaranteed returns at maturity. You get the amount in lump sum once you outlive the policy.
• Low Premiums for Young Individuals - Buying life cover at a younger age means lower premiums. Younger individuals are less vulnerable to health issues, making them low-risk life assureds.
• Lifetime Coverage - With the best life insurance in Dubai, you get lifelong coverage for yourself and your family.

How Much Life Insurance Cover Do You Need?

As per most experts, your life insurance policy coverage must be at least 10 to 20 times your annual income. By choosing a higher income multiple, you can help your family manage both current financial obligations and future milestones. This also ensures that your family has sufficient funds for the future, even while accounting for inflation. 

Generally, to determine the coverage you need, you should factor in the following — 

• Family’s lifestyle
• Debts and liabilities
• Children’s education expenses
• Children’s prospects — higher education, marriage, and more

Factors Affecting Life Insurance Policy Premiums

Here is an overview of the factors that affect cost of life insurance in the UAE —

How to Get Low-cost Life Insurance in UAE?

1. Don’t rush: Buying life insurance quickly without checking can make you spend more than you need. Take your time. Look at a few different plans before choosing one.
2. Ask for help: You don’t have to figure it out on your own. At Policybazaar.ae, we help you compare different plans for free. We do the searching so you don’t have to.
3. Don’t just pick the cheapest one: Cheaper plans can look good, but they might not cover enough when you really need help. We help you find a plan that protects you well and still fits your budget.

Who Needs Life Insurance Dubai, UAE?

Life insurance isn’t mandatory. It’s not something the government says you have to buy. For most people, however, it’s a really smart choice. 

Here’s a breakdown of who typically needs life insurance in Dubai, UAE —

What is the Difference Between Life Insurance and Term Insurance?

Check out the key differences between life insurance and term insurance in the UAE below — 

Eligibility Criteria to Buy a Life Insurance Policy in UAE

The criteria required for purchasing a life policy can vary among insurance companies. Still, there are common guidelines that are generally applicable as mentioned below - 

• The potential policyholder should fall within the age bracket of 18 to 75 years to be eligible for a life cover policy.
• It's necessary for the applicant to demonstrate a stable and reliable stream of income.
• The individual applying for the plan should be a resident of the UAE and possess all the requisite documentation.

Documents to Apply for Life Insurance UAE

To apply for life insurance in Dubai or any other Emirate, you must provide the following details — 

• Emirates ID 
• Passport or UAE residence visa (for expats)
• Medical details

Note that the documentation requirements can be different for each insurance provider. Check the requirements before applying for Dubai life insurance.

What are the Payout Options for Life Insurance Dubai, UAE?

What are the Additional Add-Ons Available with Life Insurance?

Riders are additional features that can be added to life cover packages to customise coverage as per your specific needs. Some of the common riders of life plans in the UAE include:

Accidental Death Benefit Rider

• A common rider with life insurance cover, it provides additional financial coverage in the event of the insured's accidental death.
• If the insured dies due to an accident during the rider's term, the rider sum assured is paid out to the policyholder's family as a lump sum.
• The benefit is in addition to the sum assured of the base UAE life policy.

Accidental Disability Rider

• This rider of UAE life insurance offers financial support if the policyholder becomes permanently partially or totally disabled due to an accident.
• A percentage of the rider sum assured is paid out for treatment and daily sustenance.
• Payment is determined based on the extent of the disability and the insurer's guidelines.

Critical Illness Rider

• This rider covers a range of critical illnesses to provide financial protection in case the policyholder is diagnosed with one.
• Upon diagnosis, the policyholder and their family receive a lump sum.
• The lump sum from this rider helps one cover their treatment as well as day-to-day expenses.

Waiver of Premium Rider

• This rider waives future premium payments of a life insurance policy in UAE if the policyholder suffers from a critical illness or becomes totally and permanently disabled due to an accident.
• It ensures the continuity of the base life coverage even if premiums are not paid.
• This keeps the policyholder's family financially secure with life cover.

How Life Insurance Works in Dubai & UAE

Here is the process to file a claim against a life insurance policy in UAE in case of the unfortunate death of the life assured —

• Notify the Insurer - Inform your insurance company about the claim as soon as possible. 
• Complete the Claim Form - Fill out the form accurately with all the necessary details to avoid processing delays.
• Submit Required Documents - Submit the completed claim form and supporting documents through the designated channels.
• Provide Additional Information - Respond promptly if the insurer requests extra documents or information.
• Claim Assessment - The insurer will evaluate your claim based on submitted details and policy terms. It may also conduct further checks if needed.
• Claim Settlement - Upon approval, the settlement amount will be paid via bank transfer, cheque, or other modes.
• Seek Help if Needed - Contact customer service for assistance if you face challenges during the process.

How to Compare Life Insurance Quotes?

Here’s how you can easily pick the right life insurance policy in UAE —

1. Check what each plan covers:  Not all plans are the same. Some give higher coverage, other provides less. Make sure you’re looking at similar plans when you compare them.
2. Think about what you had before: If you already had life coverage, check if the new plan gives you more or less coverage. Look for extras too — some plans come with bonus features like health perks or extra protection.
3. Look at value, not just price: The cheapest plan isn’t always the best. First, check what you’re getting. Next, look at the price. A plan that gives more for a little extra might be worth it.

How to Buy Life Insurance from Policybazaar.ae

With Policybazaar.ae, getting the best life insurance in UAE is just a matter of a few clicks. Here’s how you can get a life insurance policy in UAE on our website in 4 simple steps —

1

Fill in your basic details like name, age, phone number, and more in the form on the right.

2

Click on 'View Quotes' to see the most relevant term insurance quotes

3

Compare and select the one that suits you the best

4

Click on apply and follow the on-screen instructions

Benefits of Buying Life Insurance from Policybazaar.ae

When you apply for life insurance UAE through Policybazaar.ae, you get to enjoy many benefits —

1. Best Life Insurance in UAE at Affordable Rates: With monthly premiums of just AED 50*, you can get a cover of up to AED 1 million.
2. Multiple Options in One Place: Get the top plans for insurance for life from multiple insurance providers in one place. 
3. Transparency: Get all the key details about life policies — benefits, exclusions, T&Cs, premiums, and more.
4. Easy Comparison: Compare the most relevant life insurance quotes in just a few clicks. 
5. Personalised Assistance: Have any queries or issues? Our expert team is ready to help you throughout the application process for a smooth journey.
6. Save Time and Cost: Instead of going out or checking multiple sites, you can search, compare, and buy life insurance UAE from the comfort of your home! Additionally, you can find cost-effective plans that meet your requirements.
7. Returns on Investments - Many life protection plans link a part of your premium towards unit-linked assets. This helps you earn high returns while covering your life. 

What are the Riders for Life Insurance Policies?

Discussed below are some popular riders for life insurance policies in the UAE —

• Critical Illness - This benefit comes into play when the life assured is diagnosed with any of the critical illnesses covered and mentioned in the underwriting. 
  In this case, a lump sum amount is paid to the life assured. This sum can be used for treatment, compensating for the loss of income during the treatment period, daily expenses, and more. 
• Accidental Death - In case of accidental death, the life assured’s family is paid an additional amount along with the pre-determined sum assured.  However, keep in mind that the policyholder must have bought this rider at the time of policy purchase. 
• Waiver of Premium in Case of Disability - If the insured becomes incapable of paying future premiums due to a disability, the premiums will be waived and the policy will remain active. 
• Terminal Illness - In case the life assured gets diagnosed with a terminal illness that cannot be cured and can result in death within one year (the time can vary from plan to plan), the company will pay the applicable benefit as per the policy underwriting. 
• Second Medical Opinion - Several life insurance policies in the UAE offer a second medical opinion rider. With this benefit, the life assured can get a second medical opinion from renowned healthcare centres, usually for free. 
• Permanent and Total Disability - If you buy this rider during policy purchase, the insurance company pays an assured amount (predetermined during the purchasing process) in case you become permanently totally disabled because of an accident or sickness. 

Terminologies Related to Life Insurance Policy

Life Insurance Policies - Frequently Asked Questions