UAE life insurance market to reach 11B AED by 2031
The value of the life insurance market in the UAE has increased, and is expected to reach 11.09 billion dirhams by 2031, with a compound annual growth rate of 3.53%. This growth is attributed to the implementation of the mandatory pension system, the increasing preference of expatriates for stability and retirement, as well as the zero-tax environment that enhances returns. The life insurance sector dominates the market, accounting for 36.12% in 2025, with significant expansion in digital products and investment-linked insurance.
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