Best Life Insurance Companies in the UAE

Top Life Insurance Companies in the UAE

Finding the best life insurance company in the UAE is essential for securing your family’s financial future. Leading insurers offer comprehensive coverage, flexible plans, and reliable claim settlements. 

The top life insurance providers in the UAE stand out for their strong reputation, high claim settlement ratios, and excellent customer service. Comparing different policies based on coverage, benefits, and affordability ensures you choose the right plan that suits your needs and provides long-term financial security.

We have curated a list of the best life insurance companies in the UAE. 

1. Zurich

An international life insurance company, Zurich is vouched for its impeccable insurance solutions to empower people for life. The most sought-after products include- 

• Futura 
• Term Assurance 

With a strong customer base of 230,000, Policybazaar UAE has established itself as a trusted name in the insurance industry. With experience of more than 2,000 years, the plans offered provide flexibility, implying you can add optional benefits to the base policy by paying a minimal premium. 

2. MetLife

Based in Dubai, UAE, MetLife has been present in the Gulf region for over 65 years. One of the major life insurance companies in the UAE, MetLife is known to offer life and term insurance plans to protect your family in your absence from their life. 

Their commitment to excellent customer service and term and life insurance solutions have made them achieve several awards, including LIFE INSURANCE COMPANY OF THE YEAR 2019 at the Middle East Insurance Awards; and INSURER OF THE YEAR 2021 at the MENA IR Insurance Awards. 

3. Sukoon

This is another top life insurance company in the UAE that offers impeccable customer service, comprehensive life insurance plans, and a streamlined claim filing process. The major plans offered include Life Protect, Term Insurance, and DigiTerm. 

With over 50 years of experience, Sukoon has built a solid customer base of 800,000 customers. The company pays approximately AED 2 billion claims every year. 

4. HAYAH

HAYAH Insurance is a leading life insurance company in the UAE, offering reliable and comprehensive coverage tailored to individual and family needs. Known for its customer-focused approach, HAYAH provides flexible life insurance plans, ensuring financial security and peace of mind. 

With competitive premiums, quick claim processing, and personalized service, HAYAH stands out as a trusted choice for life insurance in the UAE. Its commitment to excellence makes it a preferred choice  for long-term financial protection.

5. LIC International

LIC International Insurance is a leading life insurance provider in the UAE, known for its reliability, financial strength, and customer-centric approach. LIC International, a subsidiary of Life Insurance Corporation of India (LIC) benefits from being part of one of the world’s largest insurers. This allows LIC to offer a wide range of life insurance products tailored to meet the financial security needs of individuals and businesses.

With a strong presence in the UAE, the company provides policies that include savings plans, investment-linked insurance, and retirement solutions. LIC International is trusted for its long-term commitment, competitive benefits, and proven track record of securing the future of policyholders.

6. Takaful Emarat

A Shariah-compliant Takaful company, Takaful Emarat is one of the best life insurance companies in the UAE. It is known to offer a range of individual and corporate life and health takaful products. The company was established in 2008, the term life takaful products offer comprehensive coverage with features like flexibility to add optional benefits. 

The products offered include -

• Fixed Term
• Decreasing Term

7. Orient Insurance

Established in 1982, Orient Insurance Company is a part of the Al-Futtaim Group and is vouched for its progressive growth fueled by comprehensive insurance solutions. The line of products includes personal insurance and commercial insurance plans. The personal insurance line envisages life insurance, medical insurance, motor insurance, travel insurance, and more. 

The life insurance products include EDUCATE LTD, Future Invest - Regular Premium, Orient International Term Plan, and Orient Pension Plan. 

8. National Life and General Insurance Company

Established in 1995, National Life and General Insurance (NLG) is one of the best life insurance companies in the UAE. The insurance provider is vouched for its comprehensive insurance solutions including term life insurance plans. 

The term insurance plan offered by NLG offers your loved ones the much-needed financial safety net in your absence from their life. The plan offered is comprehensive and offers several riders to make the plan more wholesome. 

9. Union Insurance

Union Insurance is a leading life insurance provider in the UAE, known for its reliable coverage and customer-focused solutions. Established to offer financial security, the company provides a range of life insurance plans tailored to individuals and businesses. With a strong reputation for excellence, Union Insurance ensures policyholders receive comprehensive protection, including term life, whole life, and investment-linked plans. 

The company prioritises customer satisfaction through flexible policies, competitive premiums, and efficient claim processing. Union Insurance continues to be a trusted name in the UAE’s insurance sector, helping individuals and families safeguard their financial futures with confidence.

10. Arabia Insurance Company

Arabia Insurance is a leading life insurance provider in the UAE, offering reliable and comprehensive coverage tailored to individual and business needs. Established with decades of industry expertise, the company is known for its strong financial foundation, customer-centric approach, and innovative insurance solutions.

Arabia Insurance provides a range of life insurance plans, including term life, whole life, and investment-linked policies, ensuring financial security and peace of mind for policyholders and their families. With a reputation for trust and excellence, the company continues to be a preferred choice in the UAE’s competitive insurance market.

Tips to Choose the Best Life Insurance Company in the UAE

Selecting the right life insurance company in the UAE is essential for ensuring financial security for your loved ones. Here is how you can make an informed decision – 

• Assess Your Needs - Life insurance provides financial protection for your family. Before choosing a life insurance company, identify your requirements, such as –
  • Number of dependents
  • Health status
  • Required coverage amount
  • Annual income
  • Existing debts
  • Policy duration
• Check the Claim Settlement Ratio - A life insurance company’s claim settlement ratio reflects its ability to pay claims efficiently. Choose an insurer with a strong track record of settled claims and timely payouts
• Evaluate Reliability - Opt for a well-established insurer with a solid reputation and financial stability to ensure long-term security
• Review Customer Service - Good customer support is essential for policyholders. Ensure the insurer provides clear guidance on policy terms, premiums, and benefits
• Compare Policies - Compare different life insurance plans, premiums, and benefits online to find the best coverage for your needs