Life Insurance Companies in UAE

The United Arab Emirates (UAE) is home to a diverse population, and with that comes a growing need for financial protection. Whether you’re an Emirati citizen or an expat working in Dubai, Abu Dhabi, or Sharjah, life insurance has become more than just an option — it’s a smart investment in your family’s future.

 What is Life Insurance?

Life insurance is a financial agreement between you and an insurance company that pays out a sum of money to your chosen beneficiaries in case of your death, disability, or critical illness. There are different types of life insurance plans in the UAE:

• Term Life Insurance – Affordable and valid for a fixed term

• Whole Life Insurance – Long-term coverage with savings benefits

• Investment-Linked Insurance – Combines protection with wealth-building

• Takaful (Islamic Insurance) – Shariah-compliant life insurance

 Top Life Insurance Companies in UAE 

1. MetLife UAE

Overview:
One of the most reputable global insurers, MetLife offers personalized life insurance solutions tailored for individuals and families in the UAE.

Key Features:

• Affordable term life and critical illness cover

• Child education and income protection plans

• Online policy management

• Fast claim settlement process

2. Zurich International Life

Overview:
Zurich is a trusted name among expats in the UAE. Their plans are perfect for people seeking flexibility and international benefits.

Key Features:

• Savings and retirement-focused life insurance

• Currency options (AED, USD, GBP)

• Portable across countries

• Online tools for policy tracking

3. LIC International (Life Insurance Corporation of India)

Overview:
A go-to for Indian expatriates in the UAE, LIC International provides reliable policies with high returns and stable premiums.

Key Features:

• Long-term investment with life cover

• Maturity and survival benefits

• Bonus and profit-sharing models

• Available in both INR and AED

4. Noor Takaful (Now Dar Al Takaful)

Overview:
A Shariah-compliant insurer that caters to individuals seeking Islamic life insurance policies.

Key Features:

• Family Takaful plans

• Affordable monthly contributions

• Ethical investment structure

• Peace of mind for Muslim policyholders

5. Salama – Islamic Arab Insurance Company

Overview:
Salama is one of the oldest Islamic insurers in the region and offers diverse Takaful solutions.

Key Features:

• Shariah-compliant life and family plans

• Lump-sum payout on death or disability

• Maturity and savings benefits

• Digital policy servicing

6. Friends Provident International (FPI)

Overview:
Ideal for professionals, FPI combines life insurance with investment strategies to build long-term wealth.

Key Features:

• Wealth creation and protection in one plan

• Multi-currency support

• Offshore investment access

• Personalized financial advice

7. Sukoon Insurance (Formerly Oman Insurance)

Overview:
Sukoon offers comprehensive life protection, combining term and savings plans with easy claim services.

Key Features:

• Custom-built family protection plans

• Digital onboarding and servicing

• Combined health + life coverage options

• High coverage limits

8. AXA Gulf (Now GIG Gulf)

Overview:
Known for international life insurance options, AXA (GIG) supports both locals and expats.

Key Features:

• Flexible premium terms

• High claim settlement ratio

• Optional add-ons like critical illness

• Global support teams

9. Union Insurance

Overview:
Union Insurance provides cost-effective and flexible life insurance solutions to individuals, SMEs, and corporates.

Key Features:

• Term and whole life plans

• Optional critical illness riders

• Group coverage for employers

• Simple documentation process

10. Abu Dhabi National Insurance Company (ADNIC)

Overview:
A leading local insurer with a solid history, ADNIC offers tailored life insurance plans that meet national and expat needs.

Key Features:

• Group life and individual plans

• Full support in Arabic and English

• Corporate and SME solutions

• Coverage across UAE and GCC

 How to Choose the Right Life Insurance Company

Here are a few tips to help you select the best life insurer in the UAE:

Criteria	What to Consider
Coverage Amount	Ensure it meets your family’s future expenses
Policy Term	Match it with your financial goals or retirement age
Premium Affordability	Choose a plan that fits your monthly budget
Add-ons	Look for critical illness, disability, or accidental death cover
Claim Settlement Ratio	Higher ratios mean better reliability
Customer Support	24/7 support and digital tools matter for convenience

 

Frequently Asked Questions (FAQs)