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Top Life Insurance companies in Dubai

Just like cars have airbags for protecting you against any accidental lethal impact, life insurances are there to cushion any impact that might come up in life. It is of the utmost importance that our life and other significant things are insured as life is very unpredictable and any fatal impact might leave you helpless at any moment. As a bread earner of your family, it is your responsibility to think about the worst-case scenario that might occur and be prepared likewise. There is no perfect age to get a Life Insurance, it is always preferable to get it as early as possible. Finding the best provider in Dubai could be a tedious task; hence, we are listing the top insurance providers in Dubai and also evaluate them likely for your ease of selection.

Top Insurance Providers in Dubai

MetLife Alico

MetLife Alico, now MetLife Gulf, has been one of the leading insurance providers in the region for over 60 years now. They have been devoting their energy to provide sound financial solutions for businesses and individuals alike. Whether you’re looking for Health, Life or Travel insurance, or you’re looking for investment opportunities to grow your wealth, they will tailor a solution for you. MetLife Gulf is headquartered in Dubai, UAE, and support businesses in Bahrain, Kuwait, Oman, and Qatar too.

MetLife in Gulf offers the following products:

Life Insurance

  • Term Insurance
  • Life Care
  • Wealth Protect

Accident Insurance

  • Family Shield
  • Olympic Plan
  • Child Care

Health Insurance 

  • Circles of Protection 4 
  • Critical Care 
  • Intuition 

Savings and Investment

  • Wealth Builder
  • Wealth Plus
  • Educare

Travel Insurance

  • Traveller Plan
  • Family Plan
  • Hajj & Umrah Plans
Why MetLife?

Be it an individual or business or any other requirement, such as travels or investment opportunities, MetLife will provide you with the best protection and tailor-made services. Their large extensive network allows you to avail their services from any part. For life insurance, they offer free medical check-up and advice you plan that best fits you.

Check: MetLife Life Insurance benefits in UAE 

Alliance Insurance 

alliance insurance uae

Alliance insurance company is one of the leading insurance providers in the UAE. They work with a motto of providing excellent services, security and reliability to their customers. They are a 44-year-old UAE based company with 50% of their portfolio being Life Insurance customers. They are known for providing nearly 125 Million Life Premium(new and renewal) every year. According to AM Best, Alliance Insurance is the A- Excellent rated company.

Products offered by Alliance Insurance

For Individuals

  • Motor Insurance
  • Health Insurance
  • Life Insurance
  • Home protection Insurance
  • Travel Insurance
  • Yacht Insurance
  • Personal Accident Insurance

For Corporates

  • Group Medical Insurance
  • Group Life Insurance
  • Motor Insurance
  • Property Insurance
  • Liability Insurance
  • Engineering Insurance
  • Marine Insurance
  • Jewellers Insurance
  • Miscellaneous Insurance
Why Alliance insurance company?

With several branches all over the UAE, they provide several insurance options. They provide insurance facilities to individuals, public and private organizations. Alliance insurance offers the best services with good protection to the insurance holders. They are known for their life insurance coverage.

Union Insurance Company

Union Insurance is one of the best insurance providers in UAE region. It is providing its services since 1998. It has branches all over UAE with headquarters in Dubai. It offers both commercial and retail products to its customers. It works with core values like empowerment, trust, innovation, quality, reliability and much more optimistic approach.

Products offered by Union Insurance Company

For individuals

  • Life Insurance
  • Health Insurance
  • Motor Insurance
  • Travel Insurance
  • Single Premium
  • Flexi Life
  • International income Protection

For Corporates

  • Group Health Insurance
  • Group Life Insurance
  • Marine Cargo Insurance
  • Marine Hull Insurance
  • Marine Liability Insurance
  • Property Insurance
  • Aviation Insurance
  • Energy Insurance
  • Engineering Insurance
  • General Accident Insurance 
Why Union Insurance Company?

Union Insurance provides wide range of products designed for each and every individual. They provide customized service according to the requirements of the customer. They work with a motto of providing better risk management solutions to the individuals. The process to enroll for any product in Union Insurance is quite simple. They provide high coverage in affordable premium.

Check: Union Insurance Company Life Insurance benefits in UAE 

Oman Insurance company

With the Vision statement “To provide outstanding insurance solutions that help create and protect wealth and wellbeing,” OIC has been one of the leading insurance providers in the region. They are known for their unparalleled services and standing right to their vision statement. OIC has its headquarter in Dubai, UAE and around 15 branches across Emirate UAE including Qatar and Oman.

Products offered by Oman Insurance Company

For individuals

  • Life insurance
  • Motor insurance
  • Health insurance
  • Personal lines

For businesses

  • Motor fleet
  • Group life or personal accident.
  • Group health insurance
  • Business travel insurance
Why Oman Insurance Company?

OIC follows a customer-centric approach, they offer various additional facilities to make the process of acquiring, claiming, paying premiums easier. The policies are available in multiple currencies, a flexible payment option to help you with the premium payments.

Check: Oman Insurance Company Life Insurance benefits in UAE 

AIG Insurance Company

AIG has its presence worldwide, it has been a pioneer in the insurance industry. AIG is known to go beyond insurance to provide a holistic solution to their customers, for instances they have partnered with Clemson University to establish a Risk Engineering and Systems Analytics Institute to analyze and assess commercial property risk more effectively. Likewise, they have also invested in enhancing their cybersecurity. AIG has deep footprints in the middle east region, they have been present there for over 60 years now.

Products offered by AIG Insurance company

For individual

  • Travel Insurance
  • Personal protection

For Businesses

  • SME packages
  • Trade credit
  • Accident and health
Why AIG Insurance?

AIG along with it’s beyond insurance efforts is also known for their quick and prompt claim procedure. Claim processes can be initiated through online. Their coverage includes worldwide, hence you can afford to be at peace in any part of the globe, be sure to check in with the provider for more detailed information regarding the same. Other than this AIG also offers Personal protection insurance without any medical check-up or test which makes it hassle-free and faster.

Check: AIG Life Insurance benefits in UAE 

AXA Gulf

You name it they have it covered. Be it your life, your house, your yacht, or travel insurance, AXA has it all covered. They believe in covering all the possible diversities of the insurance industry, which makes them a leading insurance provider in the world. AXA has been insuring lives, businesses, and properties in the GCC for over 65 years now. They have been striving in providing tailor made solutions to every specific requirement of the clients. This, in turn, has helped them in bagging awards such as Health Insurance Company of the Year at the 2015 Middle East Insurance Industry Awards (MIIA), Insurer of the Year and Personal Lines Insurer in 2016 at the MENA Insurance Awards and Best Motor Insurance Product by the Banker Middle East in both, the UAE & KSA.

Products offered by AXA Gulf

For Individuals

  • Car insurance
  • Yacht insurance
  • Travel insurance
  • Art insurance
  • Life insurance
  • Health insurance
  • Motorcycle Insurance
  • Home Insurance
  • Personal Accident
  • Relocation Insurance

For Businesses

  • Motor fleet
  • Group personal accident
  • Business travel shield
  • Marine
  • Liability
  • Fraud Money
  • Healthcare
  • Business secure
  • Life insurance  
Why AXA Gulf?

Insuring with AXA will open the door to international experts, which will help you in understanding and evaluate your requirements thoroughly. Besides this AXA offers hassle-free processes regarding every aspect of an insurance, they have every process integrated online for your ease of processing. This would help you in saving ample time.

Check: AXA Gulf Life Insurance benefits in UAE 

Zurich Insurance Company

Zurich Insurance is the go to an insurance company in UAE. For the past 30 years of its operation in the region, it has succeeded in creating a massive client base. Zurich has been successful in doing so through its invested zeal and a strong hold on the financial markets and the investment field thus successfully offering its clients a hefty return. Zurich is a Switzerland-based Insurance company founded in 1872.

Products offered by Zurich Insurance company

For Individuals                                                 

  • Savings and Investment                                  
  • Life insurance and Critical Illness                     

 For Businesses

  • Group Personal Accident
  • Group Travel
  • Corporate Life & Pensions
  • Commercial Insurance
Why Zurich Insurance Company

Zurich provides a wide range of insurance plans at a very cost effective offerings. They are being able to do that because of their strategy in cutting overhead cost, which enables them to operate at a low operating cost. Zurich is well known for business insurances, their Corporate policies include a wide variety of options, meeting all the necessary requirements of businesses.

Check: Zurich Life Insurance benefits in UAE 

RAK Insurance Company

Among the list of top insurance providers in UAE RAK Insurance is the second best regional insurance company after Oman Insurance Company. It has been operating in the region for the past 43 years. Growing and evolving from a local insurance provider, RAK insurance now is one of the top insurance company in the region. It offers a wide variety of products to its clients, with their core values intact RAK insurance is constantly striving to provide world-class expertise in all aspects.

Products offered by RAK Insurance

Personal Insurance

  • Home Insurance
  • Motor Insurance
  • Life Insurance
  • Travel Insurance

Corporate Insurance

  • Engineering Insurance
  • Group Health Insurance
  • Marine Insurance
  • Property Insurance
Why RAK Insurances

Being a regional insurance provider, it provides RAK an edge over its counterparts, as it understands and can relate to the sentiments of the natives. Besides this factor, RAK Insurance has been providing unparalleled services and products to its customers. They are well known for their Risk analysis and providing expert advice and consultancy in choosing the right policy. We can say that from the fact that RAK had withstood the Global financial meltdown without any scratches and had remained one of the top competitors in the insurance field.

Check: RAK Life Insurance benefits in UAE

This brings us to the end of the list. With all being said, insurance is never a minuscule task. It takes proper consultancy and time to choose the right policy. Please do invest quality time before finalizing a policy, as it is your life we are talking about here and what is more precious than that.

About the author

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Hemanta Bijoy Kaushik is a personal finance writer. Discovering his love for writing, he has written a number of blogs on personal finances and other genres on various digital media platforms. He has completed his MBA from IMT and currently working at HDFC bank as Personal Banker. When he's not writing, you can find him exploring different cuisines and binge-watching TV series. Hemanta hopes to write a novel soon. You can check out his work on www.instagram.com/hemantakaushik

Hemanta Bijoy
Hemanta Bijoyhttp://mymoneysouq.com
Hemanta Bijoy Kaushik is a personal finance writer. Discovering his love for writing, he has written a number of blogs on personal finances and other genres on various digital media platforms. He has completed his MBA from IMT and currently working at HDFC bank as Personal Banker. When he's not writing, you can find him exploring different cuisines and binge-watching TV series. Hemanta hopes to write a novel soon. You can check out his work on www.instagram.com/hemantakaushik


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