Best Long Term Insurance Policy in UAE

What is Long Term Insurance?

Long term life insurance is a prominent type of term insurance.  Although there’s no specific definition regarding tenure, term plans with a tenure of above 5 years are usually considered long-term policies. 

How Does Long Term Insurance Work?

Whether you’re looking at long term insurance plans or short-term ones, their functioning is almost the same. You pay premiums as per the fixed frequency — monthly, semi-annually, etc. In return, the insurer provides coverage for the decided tenure.

In case you pass away while the policy is active, your family will get a sum assured. This can be useful to cover —

• Daily expenses
• Emergencies
• Children’s education
• Life’s milestones

Why Should You Buy Long Term Insurance?

Check out the key features and advantages that you can get with a long term insurance policy — 

• High sum assured
• Attractive prices — get AED 1 million coverage starting at just AED 50/month*
• Coverage for a long period — usually beyond 5 years
• Higher premiums as the longer the policy term, the more its cost 
• Add-ons like critical illness rider available
• No need to worry about renewability or getting a new plan

*T&Cs apply

What are the Best Long Term Insurance Plans?

Here are the term plans from some of the best long term insurance companies — 

Why Buy a Long Term Insurance Policy from Policybazaar.ae?

When you buy term insurance from our site, you get access to the following benefits — 

• Platform to easily compare the best long term insurance plans
• Affordable premiums
• Claim assistance so that you have help at crucial times
• Expert advice if you want help in making a decision

Who Should Invest in a Long Term Insurance Policy?

Here’s an overview of the types of individuals who should get long term life insurance — 

• Parents: With a long term insurance policy, your children can get education and achieve their goals without worrying about finances, even if you’re not there
• Married Individuals: This is especially relevant if you’re the sole earner — your partner can maintain their lifestyle even if something happens to you 
• Individuals with Dependents: Even if you’re not married, it’s advisable to check out long term insurance plans so that your parents and other dependents are covered.
• Senior Citizens: It’s popularly thought that term plans are only for young adults. Even if you’re a senior citizen and have children who earn, you should get term insurance for your spouse.

Long Term Insurance vs Whole Life Insurance

While some of us may confuse the two, these types of insurance are quite different. Let’s understand the differences better with the table below — 

FAQs