Is life insurance required to get a mortgage in the UAE?

That's correct. In the UAE, having life insurance is a requirement for obtaining a mortgage. Typically, the bank providing the funds for your property purchase will insist that you take out their in-house life insurance policy as a condition of getting the mortgage. However, we have established exclusive partnerships with several banks, which allow us to assign an external life insurance policy instead. This can result in savings of up to 50% compared to the bank's in-house life insurance policy. To learn more about our insurance quotes, initiate your application here.