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 In today’s world, life insurance has become an essential aspect of our lives. It offers protection and coverage against an untimely demise of the insured or once the policy matures. Although there’s still a question that remains, who is eligible for life insurance in UAE?

Below are some of the basic eligibility criteria for a life insurance policy in the UAE 

- The minimum age and maximum age required while opting for a life insurance policy are 18 and 75 years respectively.

- The one applying for the process should be a resident of the UAE and should have the necessary residential proofs in the form of documents.

- There should be a regular and reliable source of income for the applicant.

There are also further documents that are required while opting for purchasing a life insurance plan. This includes 

- An Emirates ID proof

- Passport should be presented along with the UAE Visa

- Should have a passport-sized photograph

- Should have residential proofs which can be in the form of utility bills.

How can one get affordable life insurance in the UAE?

It can be tiring when one decides to look for affordable life insurance due to the various options available. Here are some of the factors that one should look for in regards to life insurance –

- The age and gender of the applicant

Age and gender are some of the most important factors while opting for a life insurance policy. Lower the age, the lesser the insurance premium available depending on the medical situation of the individual. The reason gender is also considered is since studies have shown that females sometimes outlive males thus having an overall impact on the policy.

- The entire medical history of the applicant

Once the applicant opts for life insurance, the insurance provider will do a thorough medical checkup regarding the medical conditioning of the applicant. This medical report is considered while determining the insurance premium. The better are your health conditions, the lesser is the premium charged.

- Health conditions prevailing in one’s family

One should not get surprised if the insurer asks the applicant regarding the medical history of their family. Many people suffer from genetic diseases. As a result, knowing the history of one’s family will allow the insurer to better plan the premium of the insurance policy.

- The professional life of the applicant

The professional life of the applicant is one such key factor. It will enable the insurance service provider to have a look at the stability of your career and the profession you belong from. This can further help in determining the various risks that are involved in your profession, thus determining the insurance rates.

- The lifestyle of the Applicants

The lifestyle of the applicant is also one major factor that is taken into consideration while determining the insurance rates of the policies. If one is involved in having an adventurous lifestyle with high risks, they opt to have higher rates for insurance policy compared to those who have a general lifestyle.

- If the applicant is addicted to smoking or not

Smoking is injurious to health and causes cancer.  Those who are addicted to smoking thus end up having a higher premium cost for the insurance policies. Therefore it comes as a surprise for those who quit smoking regarding the amount of money that they can save on life insurance in UAE.

Generally, when people opt for a life insurance policy, they might get stressed out regarding the various responsibilities they need to should as they grow up. Therefore, choosing an economical life plan is the best possible solution. The best way to find an economical insurance policy is by comparing the various policies offered by different insurance policies. One can go through the various online tools available to compare the various insurers in the market and accordingly come with the best suitable plan for themselves and their families.

Why should one opt for a life insurance policy at policyhouse.com? 

Policyhouse.com understands the necessity of life insurance in your life and therefore strives to provide the best possible policy for you. Along with this, we provide free registration assistance, simplified claim process, quick and easy processing of the insurance policy as well as a team of dedicated customer support who are available 24/7 to help you through your queries.

Conclusion

Since life insurance in UAE is like a necessity for the people, all the residents of the UAE can apply for it. Although, it is needed that they fulfill the basic eligibility requirements criteria as mentioned above as well as submit the required validation proofs when asked for.