LIC Life Insurance UAE & Dubai

About LIC Life Insurance in UAE

LIC (International) BSC (C) was founded in 1989 in Bahrain to serve the Indian diaspora in Gulf countries. Today, it operates in the UAE (Abu Dhabi and Dubai), Bahrain, Kuwait, and Qatar. The company, starting with just USD 0.245 million in assets, has now grown into a billion-dollar brand. It enjoys a strong reputation backed by its parent company – life insurance Corporation of India.

Key Features & Benefits of LIC Life Insurance

• LIC life insurance in UAE offers both financial security and flexibility for NRIs and residents. Here are its key benefits — 
• Affordable Protection: You pay a small amount regularly. In return, your family gets a large money cover if something happens.
• Easy Claim Process: If your family needs to use the insurance, LIC pays quickly and without too much trouble.
• Many Plans to Choose From: Whether you want only safety, savings, or money growth, you can choose from more than 10 plans. 
• Extra Illness Cover: You can add a special option that helps if you get sick with severe illnesses like cancer or heart problems.
•  Works Anywhere: Even if you go back to India or move to another country, your policy still continues.
• Help Anytime: LIC gives full-day support for questions, changes, or claims.

Products Offered by LIC International in UAE & Dubai

LIC offers a wide range of life insurance products designed for NRIs and residents. These include —

• Term life insurance (pure protection at low premiums)
• Whole life insurance (lifetime protection)
• Endowment and savings plans (protection + wealth creation)

Let’s take a look at some of the best-known LIC life insurance plans in UAE —

1. Plan 279 – Life Protect Term Plan

This pure term insurance plan offers high life cover at affordable premiums. It also gives you the option to add a Critical Illness Rider covering 37 major illnesses.

Key Features

• Provides high life cover at a low premium
• Optional Accelerated Critical Illness (CI) Rider covering 37 illnesses like cancer, stroke, kidney failure, and heart disease
• Premium rates depend on lifestyle choices (smokers pay more than non-smokers).
• Minimum Sum Assured: USD 100,000
• Maximum: No upper limit (subject to underwriting)

Other Benefits

• Entry Age: 18–65 years
• Policy Term: 5–35 years (coverage up to the age of 80)
• 10% discount on the premium for the sum assured above USD 500,001
• No surrender or loan value

👉 Best for: Individuals seeking affordable life coverage with the option of critical illness coverage.

2. Plan 268 – Single Premium Wealth Creator

It’s a unit-linked, single premium, whole life plan that allows you to invest in multiple funds while enjoying life cover for a lifetime.

Key Features

• Single Premium: Minimum USD 15,000 (no upper limit)
• Death Benefit: 101% of fund value paid to nominees
• Whole life coverage with wealth creation opportunities
• Flexible fund switching option (unlimited, no extra charges)
• Partial withdrawals allowed (minimum USD 1,500)

Other Benefits

• Entry Age: 5–70 years
• Surrender Value available after 1 year
• No loan facility

👉 Best for: Investors looking for long-term wealth creation with life cover.

3. Plan 255 – New Future Bright Plan

This LIC life insurance policy is a savings + protection plan. It comes with a fixed 9-year term, offering guaranteed cashback at regular intervals along with life cover.

Key Features

• Single premium plan with guaranteed returns
• Access to funds: 10% of the sum assured after year 3 and year 6
• At maturity (9th year): 102% of premium paid + Loyalty Addition (if declared)
• Life cover equal to the sum assured throughout the policy term
• Loan facility available (up to 80% of the surrender value)

Other Benefits

• Entry Age: 15–60 years
• Minimum Sum Assured: USD 20,000
• Surrender Value: Available after 1 year (minimum 95% of premium paid)

👉 Best for: People wanting guaranteed returns, liquidity, and life cover in USD.

Eligibility to Buy LIC Life Insurance Dubai 

Each plan has different entry rules. Here’s a quick look for you to compare better —

How to File an LIC Life Insurance Claim?

To file a claim, here’s what to do —

1. Login: Go to the LIC life insurance login portal or contact the branch
2. Fill Form: Complete the claim form with the correct details
3. Submit Documents: Provide a death certificate, ID proof, medical records, and policy papers
4. Follow Up: Share any extra documents if requested
5. Settlement: Once verified, the claim is settled via bank transfer or cheque

Documents required for LIC life insurance settlement —

• Claim form
• Original policy document
• Death certificate (for death claims)
• Emirates ID / address proof
• Medical reports (if needed)

Why Buy LIC Life Insurance in UAE via Policybazaarinsurance.ae?

When it comes to protecting your family’s future, choosing the right plan matters. Here’s why Policybazaarinsurance.ae is the smartest way to buy LIC life insurance in UAE —

• Compare in One Place: You can browse and evaluate multiple LIC plans side by side. This way, you can pick the one that truly fits your needs.
• Expert Advice: Our specialists help you understand your options and guide you to the right cover.
• Free AECB Credit Score Check: Know your credit standing instantly while exploring your policy options.
• Support & Claim Assistance: From purchase to claims, our team is always available to assist you.
• Quick & Hassle-Free: Apply online in just a few clicks and get your policy without the paperwork stress.

👉 With Policybazaarinsurance.ae, you don’t just buy insurance — you get peace of mind!

Wrapping Up

LIC life insurance Dubai, UAE is one of the most reliable options for NRIs and residents who want financial security and peace of mind. Backed by LIC of India, it combines protection, savings, and strong customer trust. If you’re planning to protect your family or invest in long-term insurance, going through LIC International could be a smart step.

FAQs on LIC Life Insurance UAE