Life Insurance UAE | Buy Best Life Insurance Policies Online in 2025

This financial security helps ensure that your family can maintain their lifestyle and cover important expenses such as —

Daily living costs,
Future milestones like education
Outstanding debts and more

Think of a life insurance policy as a safety net that helps you provide for those you care about, even when you're no longer there to support them.

Best Life Insurance Plan in UAE

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

Policy Term

10 Years

Age

30 Years

Cover

AED 1000000

Payment Frequency

YearlyMonthly

What is Life Insurance?

Life insurance is essentially an agreement where the insurer promises to pay a set amount of money to the insured’s designated beneficiaries following their death in exchange for recurring premium payments. This sum is known as the death benefit — its purpose is to financially support your loved ones when they need it most.

How Does a Life Insurance Policy Work?

Here’s how a life policy typically works —

Determine Your Coverage Needs	You start by deciding how much coverage your family would need. This amount is based on factors like family size, lifestyle, future obligations, and financial responsibilities.
Premium Payments	Once you've chosen your coverage amount, the insurance company calculates the premium (the amount you need to pay) based on the coverage amount and factors like your age, health, and occupation. Premiums can be paid in different ways, such as monthly, quarterly, or as a lump sum.
Policy Term	The policy will have a predefined term during which you pay the premiums. This term can range from a few years to more, depending on your policy.
Benefits Provided as per the Type of Policy	Different life insurance plans offer different benefits. Some provide just a death benefit (the amount your beneficiaries receive upon your death), while others, such as endowment policies, also offer maturity benefits if you survive the policy term.

Types of Life Insurance Policies

To select the right life insurance plan that fits your goals — whether it's protecting your family, securing your retirement, or building savings — it’s important to know the major types available.

Term Life Insurance

Provides financial protection for a fixed term (e.g., 10, 20, or 30 years). If you pass away during the term, the nominee receives the sum assured.

Best for: Individuals who need affordable coverage for a specific period (e.g., until children are grown or mortgage is paid off)

Endowment Policy

Combines life coverage with a savings component, paying a lump sum on death or policy maturity.

Best for: Individuals who want both insurance and a savings plan that pays out at maturity

Whole Life Insurance

Offers coverage for the entire life of the policyholder, typically up to 100 years. Some policies require premium payments for a limited time.

Best for: Those who are seeking long-term coverage for their family

Unit-Linked Insurance Plans (ULIPs)

A combination of insurance and investment. Part of the premium goes into a fund (equity, debt, etc.), with returns depending on market performance.

Best for: Investors with a higher risk appetite who want to benefit from both life cover and wealth creation

Savings and Investment Plans

Combines life insurance coverage with long-term investment options to accumulate savings.

Best for: Those who want both insurance protection and an opportunity for wealth growth

Retirement Plan

Provides a steady income after retirement, ensuring financial stability during retirement years.

Best for: Individuals looking to build a retirement corpus for post-retirement living

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Why Buy Life Insurance in UAE?

Life insurance is not just an investment in your family's future — it's a safeguard that ensures their financial stability in the face of unexpected events.

Here are some key reasons why a life insurance policy is essential —

Protection Against Financial Loss Due to Death

If you pass away, a life policy ensures that your family is not burdened with financial instability. It helps cover immediate costs like funeral expenses, day-to-day living expenses, outstanding debts, and so on.

Supporting Your Family's Future

A life plan can play a crucial role in covering your children’s education, weddings, and other major life events, even when you're not around to help. It ensures they don't miss out on important milestones due to financial constraints.

Retirement Planning

Some life insurance policies have an investment component, offering maturity benefits that you can use for retirement or future goals. This provides a safety net once you're no longer earning a regular income.

Income Replacement in Case of Disability

Life plans may also cover situations where you’re temporarily or permanently unable to work due to a disability or illness. This ensures that your family has a steady income even during challenging times.

Savings and Investment Benefits

Some life insurance plans also offer the opportunity to build wealth over time. With categories such as whole life or endowment policies, you not only get insurance coverage but also accumulate savings or an investment portfolio.

Best Life Insurance Plans in the UAE

Here are the top life insurance plans in UAE with all the necessary details for you to compare —

Best Life Insurance Plans in the UAE
HAYAH Term Life Protect 98.1% Claim Settlement Ratio COVID-19 Coverage Pre-existing Disease Cover Level Term Plan Medical Checkup	Sukoon Family Takaful Term 99% Claim Settlement Ratio Worldwide Coverage Multiple Payment Modes Regular Pay Plan Type Entry Age Between 18-69 years
Zurich International Term Assurance 97.9% Claim Settlement Ratio COVID-19 Coverage Pre-existing Disease Coverage No Requirement for Medical Checkup Level Term Plan	Arabia Insurance Term Life 95% Claim Settlement Ratio COVID-19 Coverage Worldwide Coverage Entry Age Between 15-65 years Regular Pay Plan Type
MetLife Live Life Now 97.3% Claim Settlement Ratio Pre-existing Disease Coverage Medical Checkup Medical Discount Card Second Medical Opinion

Best Life Insurance Plans in the UAE

HAYAH Term Life Protect

98.1% Claim Settlement Ratio
COVID-19 Coverage
Pre-existing Disease Cover
Level Term Plan
Medical Checkup

Sukoon Family Takaful Term

99% Claim Settlement Ratio
Worldwide Coverage
Multiple Payment Modes
Regular Pay Plan Type
Entry Age Between 18-69 years

Zurich International Term Assurance

97.9% Claim Settlement Ratio
COVID-19 Coverage
Pre-existing Disease Coverage
No Requirement for Medical Checkup
Level Term Plan

Arabia Insurance Term Life

95% Claim Settlement Ratio
COVID-19 Coverage
Worldwide Coverage
Entry Age Between 15-65 years
Regular Pay Plan Type

MetLife Live Life Now

97.3% Claim Settlement Ratio
Pre-existing Disease Coverage
Medical Checkup
Medical Discount Card
Second Medical Opinion

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Exclusions for Death Coverage in Life Insurance Policies

Here are the key events that are not covered by life insurance in Dubai —

Criminal or Illegal Activities: Death resulting from participation in criminal activities are excluded
Death in War Zones: No coverage is provided if the insured travels to war zones and passes away in UN-sanctioned war zones or countries, you’ll not get covered.
Note: Some term insurance plans may provide coverage for deaths caused by natural causes.
Substance Abuse: Death due to drug overdose or any other substance abuse is not covered
Suicide: It is not covered within an initial period — usually for the first 1-2 years of the plan

Riders for Life Insurance Policies in the UAE

These riders can be added to your policy for additional coverage as per your needs —

1. Critical Illness Rider

This provides a lump sum if you get diagnosed with a critical illness listed in the policy. The amount can be used for treatment, covering lost income, or daily expenses.

2. Accidental Death Rider

In case of accidental death, an additional payout is made to the family along with the sum assured. This rider must be purchased at the time of policy enrollment.

3. Waiver of Premium Rider

If you become disabled and are unable to pay premiums, this rider waives future premiums while keeping the policy active. This ensures continuous coverage without the requirement for further premiums.

4. Terminal Illness Rider

It provides benefits if you are diagnosed with a terminal illness that is expected to lead to death within a year (the timeline can vary by policy).

5. Second Medical Opinion Rider

This allows you to get a second opinion from renowned healthcare providers (usually for free) for serious medical conditions.

6. Permanent and Total Disability Rider

This rider provides a lump sum amount if you become permanently disabled due to an accident or illness. Note that the payment is made as per the extent of the disability and other factors.

Who Needs Life Insurance Plans?

While a life insurance policy is primarily for individuals who have dependents, it can also be valuable for those who wish to ensure their future financial security. This includes —

Breadwinners	Business Owners and Partners
If you are the primary income earner in your family, this type of insurance is crucial. In case of your unexpected death, it can replace your lost income and ensure your family continues to live comfortably without financial strain.	If you own a business or have a partner, life insurance can play a crucial role in financially protecting the business. It can help in the continuation of the business if something happens to you.
Young Adults	Those Wanting to Leave a Legacy
Although a life policy might seem unnecessary for young adults, it can be a wise decision. At a young age, they can lock in lower premiums and have financial protection for dependents, whether for parents or spouse and children after marriage.	For those who wish to leave a legacy — whether for children, grandchildren, or charity — a life plan can be a good way to pass on funds that can be used for education, charity, or other long-term goals.
Couples	People Approaching Retirement
Every couple should consider life insurance. In the event of a partner's death, the surviving spouse can face significant emotional and financial challenges. A life policy, however, can provide financial stability during such difficult times, allowing the surviving partner to adjust without immediate financial concerns.	If you are close to retirement, certain insurance types, such as whole life insurance, can provide extra financial support. This can help cover any gaps in your retirement savings and ensure you have a steady income.
Homeowners with Mortgages	Individuals with Dependents
If you have a mortgage, a life policy is a must. In case of the insured’s death, the policy proceeds can be used to pay off the mortgage — this lets the dependents keep their home without the additional burden of debt.	Anyone with dependents, such as young siblings or elderly parents, should consider life insurance. This ensures that your dependents are financially protected in case something happens to you.

Let’s Learn About ‘Insurable Interest’ 😎
Insurable Interest is the idea that you can buy insurance for something or someone only if you share an emotional or financial interest with the same. For instance, you can insure your house because you would lose money if it were destroyed. Similarly, you can get a life policy for your spouse as their loss would affect you emotionally and financially.

How Much Life Insurance Do You Need?

The amount of life coverage that you need depends on your financial responsibilities and goals. Some factors to consider are —

Number of Dependents	The more people who rely on your income, the higher the coverage you'll need
Lifestyle and Future Goals	Consider your family's lifestyle, education expenses, and other goals they’ll need financial support for
Affordability	Be realistic about how much premium you can afford, as this will determine your coverage level
Children’s Education	How much will your children's education cost, and how long will they need financial support?
Investment Needs	What other financial goals do you have in terms of savings, retirement, or investments?

Note: A financial expert can help you calculate your exact needs and recommend the best plan for your situation.

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How to Buy Life Insurance from Policybazaarinsurance.ae

Getting the best life insurance in the UAE is quick and easy with Policybazaarinsurance.ae. Follow these simple steps to secure your life cover —

Step 01
Visit the Website: On Policybazaarinsurance.ae, select ‘Life Insurance’ from the top menu
Step 02
Fill in Your Details: Enter basic details like your name, phone number, and income in the form
Step 03
View Quotes: Get directed to the ‘Quotes’ page to see the most relevant policy options for you
Compare and Select:
- Review the different policies
- Compare coverage, premiums, and benefits, and choose the plan that suits your needs the best
Step 04
Apply Online: Click on ‘Apply’ and follow the on-screen instructions to complete your purchas

Additional Assistance: If you need help at any point, Policybazaarinsurance.ae offers 24x7 expert assistance to guide you.

Factors Affecting Life Insurance Premiums

Several factors impact how much you'll pay for your life policy. Here’s what you need to know —

Age

Younger individuals typically pay lower premiums since they are at a lower risk of mortality during the policy term. Premiums increase as you get older.

Gender

Women tend to get lower premiums than men due to their lower mortality rates.

Health Conditions

Pre-existing conditions or any health issues (e.g., diabetes, heart disease) could lead to higher premiums.

Family Health History

If your family has a history of certain illnesses (e.g., cancer, hypertension), you may face higher premiums.

Lifestyle Habits

Smokers or heavy drinkers often pay more for life policies as these habits can lead to health issues that increase the risk of death.

Type of Coverage

Term life insurance is usually cheaper than permanent life insurance. Similarly, if you add riders or extend coverage, it can raise your premiums.

Amount of Coverage

The more coverage you choose, the higher your premiums. Consider how much your family would need to maintain their lifestyle without you.

Occupation

If you have a high-risk job (e.g., construction worker, chemical engineer), your premium may be higher due to increased risk.

Key Life Insurance Terms to Know

Here are a few basic terms related to life policies —

Life Assured	The person whose life is covered by the insurance policy
Proposer	The person who purchases the insurance policy and pays the premiums
Nominee or Beneficiary	The person(s) appointed by the insured to receive the benefits if the latter passes away
Insurer	The insurance company that provides the life insurance coverage
Life Cover	The sum paid to the nominee upon the insured’s death
Maturity Benefit	For certain policies, this is the lump sum paid after the policy term ends if the life assured is still alive
Premium	The amount paid to the insurer for coverage
Premium Payment Term	The duration over which you pay premiums (could be annually, monthly, etc.)
Policy Term	The length of time for which your life insurance coverage is valid

Common Riders’ Terms

Accidental Death Benefit	Additional payment made if the life assured dies in an accident
Total Permanent Disability	A rider where you receive a sum if you become permanently disabled due to an accident or illness
Death Benefit	The predefined sum paid to your nominee in case of death during the policy term
Surrender Value	If you decide to end your policy early, this is the amount you would get back

Eligibility Criteria to Buy Life Insurance UAE

Tabled below are the general criteria that you may need to meet to purchase a life insurance policy in UAE —

Eligibility Criteria	Details
Age	18 to 75 years
Income	Must demonstrate a stable and reliable income stream
Residency	Must be a resident of the UAE with all requisite documentation

Documents to Apply for Life Insurance UAE

You must have the following documents to easily apply for the insurance —

Documents Required	Details
Emirates ID	Required for all applicants
Passport and UAE residence visa	Required for expats
Medical Details	Medical records or health questionnaire may be required

Note: The criteria and documents may vary based on your insurer. Make sure to connect with your provider before purchasing the policy.

How to Choose the Best Life Insurance Plan?

Determine Your Coverage Needs: Consider your life goals and the amount of coverage you need. Ask yourself —
- How long do you want life coverage?
- What are your financial goals (e.g., child’s education, retirement)?
Engage an Insurance Advisor: A qualified advisor can help you assess your needs and suggest the best plan for you based on factors like your income, dependents, liabilities, and goals
Compare Insurance Plans: Compare policies from various providers to choose the most suitable option for your needs — your advisor can assist in making this comparison
Use an Online Life Insurance Calculator: A quick way to estimate your coverage needs and find a policy that fits your financial situation

How to Claim Life Insurance After the Policyholder's Death?

By following the steps below, beneficiaries can ensure a smooth and efficient claims process and receive the insurance benefits they are entitled to —

Submit a Death Certificate

Provide the insurance company with a certified copy of the death certificate to initiate the claim process

Notify the Insurance Company

Inform the insurer as soon as possible — the sooner the claim process starts, the faster the payout

Submit Necessary Documentation

Complete and submit the claim form along with other required documents (such as the death certificate) to the insurance company

Verification Process

The insurer will verify the claim — if needed, additional documents may be requested

Payout Options

Once the claim is processed, the death benefit can be paid out in a lump sum or monthly installments

Frequently Asked Questions

1. Is life insurance necessary?

Life insurance, while not mandatory, is crucial to secure financial protection for your dependents against unforeseen circumstances. It helps meet future financial needs, such as family expenses or savings goals.
In fact, some plans also include maturity benefits, which make this insurance type suitable for both protection and financial planning.

2. How many beneficiaries can be on a life insurance policy?

There is usually no limit on the number of beneficiaries you can add to your policy. However, it’s advisable to verify the same with your insurer.

3. How much does life insurance cost?

The cost of life insurance depends on various factors such as your age, number of dependents, financial goals, and the type of policy you choose.

4. Is there any tax benefit with Life Insurance Plans?

Since there is no personal income tax in the UAE, you don’t specifically need a life policy for tax advantages.

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