Whole of Life Insurance in UAE

Whole Life Insurance often serves as the foundation to financial planning. A whole life insurance policy covers you till age 95, not just for a specific period. The primary benefit of whole life is that a pay-out is guaranteed.

A whole life insurance is a contract with level premiums that has both insurance and a savings component.
The insurance component pays a stated amount upon the demise of the insured.

The savings component accumulates a cash value that the policyholder can withdraw or borrow against in case of any dire need.

You may choose to add additional riders such as Family Income Benefit, Permanent & Total Disability, Dismemberment and many more. With a whole life insurance policy through Platinum, you will ensure that your loved ones are well protected and financially secure.

When should I consider taking a whole life policy?

TWhole life insurance is generally used when the need for life insurance is lifelong, or permanent. In addition, it has a built-in savings element since you will pay premiums and hence build up a cash value within the policy. Additionally, whole life insurance may be used as a part of your estate planning.
Whole life insurance is a good choice for you if you want to ensure that you have a life insurance policy in place for your entire lifetime, or if it fits within the framework of your retirement plan.

How much cover do I need?

This depends entirely on your circumstances. Major factors to be considered include age, level of income, number of dependents and liabilities one is responsible for. A new married couple in their youth might want a policy just to cover the breadwinner’s demise whereas an older couple with a larger family may want a higher cover.

How does whole life insurance differ from term life insurance?

Whole life insurance is designed to provide coverage on the insured for the insured’s entire life as long as premiums are paid and the policy has not been surrendered. On the other hand, term life insurance provides coverage only for a fixed period that is stated in the policy.


Deciding on the life insurance policy that is right for you can be a daunting task.
At Platinum, our specialist life insurance experts are happy to talk you through a wide range of options, including whole life insurance.
We will help you unravel the complexity of the insurance world and find the right life insurance solution, tailored for your specific needs.

For help with choosing the right insurance policy, get in touch today.


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over the globe

Other Life Insurance Products

Term Life

Provides a guaranteed sum assured payable on the life assured’s passing during a given point in the policy term.

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Critical Illness

Provides a guaranteed sum assured should the life assured be diagnosed with any of the specified illnesses.

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Endowment Plan

Provides a sum assured should the life assured pass during the policy term or a maturity value should the life assured survive the policy term.

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Business Keyman Protection

Provides a sum assured payable to the business should any high-ranking employees pass away during the policy term to assist with any financial responsibilities for the business.

Learn More

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