--- title: 1 in 4 Claims Are Early - Protect Your Family Today with Life Insurance. description: Here is an alarming statistics on Life insurance claims by the leading insurance company in the UAE. Act now - Don't delay buying life insurance. image: https://www.financialplanningindubai.com/hubfs/1%20out%20of%204%20were%20claims%20were%20within%20the%20first%203%20years%20of%20policy%20inception%20.-2-2.png --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # 1 in 4 Claims Are Early - Protect Your Family Today with Life Insurance. ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 23 May 2023, 16:22:48 ###### [life insurance,](https://www.financialplanningindubai.com/blog/topic/life-insurance-2) [Claim Statistics](https://www.financialplanningindubai.com/blog/topic/claim-statistics) **25% of Zurich's claims were from policies issued within just three years of inception.** Even more startling, **85% of these claimants had no prior medical history or existing ailments.** (Source: Benefits Paid Report 2023 - Zurich Middle East) ![1 out of 4 were claims were within the first 3 years of policy inception .-2-2](https://www.financialplanningindubai.com/hs-fs/hubfs/1%20out%20of%204%20were%20claims%20were%20within%20the%20first%203%20years%20of%20policy%20inception%20.-2-2.png?width=750&height=400&name=1%20out%20of%204%20were%20claims%20were%20within%20the%20first%203%20years%20of%20policy%20inception%20.-2-2.png) Pause for a moment... And imagine the dire consequences if they had postponed their decision to purchase a policy for another year or two. The outcome could have been devastating. Fortunately, these claimants had the foresight to make a wise choice early on. ### What about you? Do you have adequate life or [critical illness insurance](https://www.financialplanningindubai.com/blog/what-is-critical-illness-insurance?hsLang=en-gb)? If not, what’s holding you back? Waiting too long can mean higher costs—or worse, the inability to secure coverage due to age or health. If you have loved ones depending on you, now is the time to act. **The best time to buy life insurance was when you were 18. The next best time is now.** ### **Why Life Insurance is Essential** Life insurance is more than a policy—it’s a safety net for the people who mean the most to you. It’s the promise of stability when life is unpredictable - **A promise** that your children can continue their [education](https://www.financialplanningindubai.com/childrens-education-planning?hsLang=en-gb). - **A promise** that your spouse won’t face financial hardships. - **A promise** that your family’s dreams will remain intact—even if life throws an unexpected curveball. When you buy life insurance, you’re not just protecting against the unknown. You’re investing in **peace of mind** for you and your loved ones. ### **How to Choose the [Best Life and Critical Illness Insurance](https://www.financialplanningindubai.com/best-life-insurance-dubai?hsLang=en-gb) in the UAE** Here are five practical steps to make an informed decision: 1. Talk to a [financial advisor](https://www.financialplanningindubai.com/?hsLang=en-gb) to determine how much coverage you must ideally have. Take into account your family's lifestyle, goals, and aspirations, and most importantly, provide for inflation. 2. Compare different types of policies and providers. Understand the features, benefits, and costs. 3. Read the terms and conditions to understand the scope & limitations. 4. Lean more about the riders at can enhance the scope of your policy at affordable costs.  5. [Avoid the six silly mistakes when buying life insurance](https://www.financialplanningindubai.com/blog/life-insurance-in-uae?hsLang=en-gb) 6. Nominate both primary and contingent beneficiaries on the plan. 7. Review your protection needs every 3 - 5 years or when a major life event like promotion, marriage, childbirth, or immigration happens. Act now - Don't delay buying life insurance.  ### **Still Not Convinced? Let’s Talk Numbers** Imagine setting aside just **AED 500 per month** today. Over time, this small investment can create a safety net worth **millions** for your family. Now imagine waiting until next year. The cost will certainly increase—or worse, health issues might leave you uninsured. **Why take that risk?** ### **Final Thought** Every day you wait, you’re taking a gamble on tomorrow. Remember: those 25% of claimants didn’t expect to need their policies so soon—but they were prepared. Be prepared, too. Start today. Click [here](https://bit.ly/Discovery_Call_15) to schedule a no-cost discovery call to learn more. ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%201%20in%204%20Claims%20Are%20Early%20-%20Protect%20Your%20Family%20Today%20with%20Life%20Insurance.%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/life-insurance-claims-2023](mailto:?subject=Check%20out%201%20in%204%20Claims%20Are%20Early%20-%20Protect%20Your%20Family%20Today%20with%20Life%20Insurance.%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/life-insurance-claims-2023) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? The Shifting Case for China Investing](https://www.financialplanningindubai.com/blog/from-risk-to-reward-the-shifting-case-for-china-investing?hsLang=en-gb) ## Further Reading [![6 Crucial Life Insurance Mistakes to Avoid in UAE](https://www.financialplanningindubai.com/hs-fs/hubfs/Stock%20images/Young%20businesswoman%20sitting%20in%20carton%20box%20and%20feeling%20uncomfortable.jpeg?width=300&name=Young%20businesswoman%20sitting%20in%20carton%20box%20and%20feeling%20uncomfortable.jpeg)](https://www.financialplanningindubai.com/blog/life-insurance-in-uae?hsLang=en-gb) ###### [life insurnace,](https://www.financialplanningindubai.com/blog/topic/life-insurnace)[Life Insurance mistakes](https://www.financialplanningindubai.com/blog/topic/life-insurance-mistakes) ##### [6 Crucial Life Insurance Mistakes to Avoid in UAE](https://www.financialplanningindubai.com/blog/life-insurance-in-uae?hsLang=en-gb) Financial mistakes are not uncommon. You may get away when you make some, but a mistake while... [Read More](https://www.financialplanningindubai.com/blog/life-insurance-in-uae?hsLang=en-gb) [![Why You Still Need Life Insurance, When Your Budget Is Tight?](https://www.financialplanningindubai.com/hs-fs/hubfs/Imported_Blog_Media/life-insurance-1.jpg?width=300&name=life-insurance-1.jpg)](https://www.financialplanningindubai.com/blog/2015/05/05/why-you-need-life-insurance?hsLang=en-gb) ###### [life insurance](https://www.financialplanningindubai.com/blog/topic/life-insurance-2) ##### [Why You Still Need Life Insurance, When Your Budget Is Tight?](https://www.financialplanningindubai.com/blog/2015/05/05/why-you-need-life-insurance?hsLang=en-gb) Life insurance might seem like a luxury during tough financial times, but for a family in the UAE,... [Read More](https://www.financialplanningindubai.com/blog/2015/05/05/why-you-need-life-insurance?hsLang=en-gb) [![8 reasons why NRI should buy Term Insurance in UAE](https://www.financialplanningindubai.com/hs-fs/hubfs/Term%20Insurance%20in%20UAE.jpg?width=300&name=Term%20Insurance%20in%20UAE.jpg)](https://www.financialplanningindubai.com/blog/nri-term-insurance?hsLang=en-gb) ###### [Life Insurance,](https://www.financialplanningindubai.com/blog/topic/life-insurance)[Term Insurance Plans](https://www.financialplanningindubai.com/blog/topic/term-insurance-plans) ##### [8 reasons why NRI should buy Term Insurance in UAE](https://www.financialplanningindubai.com/blog/nri-term-insurance?hsLang=en-gb) Until a few years back, many NRI had short-term plans for living and working in the UAE. But now... [Read More](https://www.financialplanningindubai.com/blog/nri-term-insurance?hsLang=en-gb) *Damodhar Mata | Your Trusted Financial Advisor in Dubai* ![Damodhar Mata-7-2](https://www.financialplanningindubai.com/hs-fs/hubfs/Damodhar%20Mata-7-2.png?width=119&height=119&name=Damodhar%20Mata-7-2.png) *I can help you grow wealth, gain passive income, and achieve your goals faster and with ease. * **Top Pages** - [Home page](https://www.financialplanningindubai.com) - [Best Life Insurance](https://www.financialplanningindubai.com/best-life-insurance-dubai) - [Best Investment Plan](https://www.financialplanningindubai.com/blog/how-to-invest-in-uae) - [Retirement Planning in the UAE](https://www.financialplanningindubai.com/retirement-planning-in-uae) - [FIRE Early Retirement Guide](https://www.financialplanningindubai.com/blog/early-retirement-in-uae-fire-guide) - [Best Child Education Plan](https://www.financialplanningindubai.com/childrens-education-planning) **Top Blog Posts** - [Financial Planner or Financial Advisor?](https://www.financialplanningindubai.com/blog/financial-planner-or-financial-advisor) - [How to find the Best Financial Advisor](https://www.financialplanningindubai.com/blog/best-financial-advisor-uae) - [Win With Money Challenge](https://www.financialplanningindubai.com/blog/30-days-win-with-money-challenge) - [FIRE guide for expats](https://www.financialplanningindubai.com/blog/early-retirement-in-uae-fire-guide) - [Pay Yourself First](https://www.financialplanningindubai.com/blog/how-expats-in-uae-can-grow-wealth-using-pay-yourself-first-strategy) - [Google Reviews](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai) **Other pages** - [About us](https://www.financialplanningindubai.com/about-us) - [Testimonials](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai) - [Services](https://www.financialplanningindubai.com/services) - [Contact us](https://www.financialplanningindubai.com/contact-us) --- © 2024 Financial Planning in Dubai. All rights reserved. [Follow us on Facebook](https://www.facebook.com/finplandubai/) [Follow us on LinkedIn](https://www.linkedin.com/in/damodhar/) [Follow us on YouTube](https://www.youtube.com/@mytwofils) [Follow us on Instagram](https://www.instagram.com/moneymatadubai) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Damodhar Mata", "url" : "https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata" }, "dateModified" : "2024-11-29T11:56:07.058Z", "datePublished" : "2023-05-23T12:22:48.000Z", "headline" : "1 in 4 Claims Are Early - Protect Your Family Today with Life Insurance.", "image" : [ "https://www.financialplanningindubai.com/hubfs/1%20out%20of%204%20were%20claims%20were%20within%20the%20first%203%20years%20of%20policy%20inception%20.-2-2.png" ], "mainEntityOfPage" : { "@id" : "https://www.financialplanningindubai.com/blog/life-insurance-claims-2023", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.financialplanningindubai.com/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png" }, "name" : "Financial Planning in Dubai" } } ``` ```json { "@context" : "https://schema.org", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "UAE", "addressLocality" : "Emaar Square, Burj Downtown, Dubai,", "addressRegion" : "Emaar Square", "postalCode" : "124422", "streetAddress" : "Building No 1, 4th floor" }, "alternateName" : "Financial Planning in Dubai | Independent Financial Planner", "logo" : "https://www.financialplanningindubai.com/hs-fs/hubfs/New_logo.png?width=100&name=New_logo.png", "name" : "Financial Planning in Dubai | Independent Financial Planner", "sameAs" : [ "https://www.linkedin.com/in/damodhar/", "https://www.facebook.com/finplandubai", "https://twitter.com/finplandubai", "https://www.instagram.com/moneymatadubai/", "https://www.youtube.com/channel/UC-Zc9NxnCZDw0j_HkTerMWw/videos", "https://in.pinterest.com/finplandubai/" ], "url" : "https://www.financialplanningindubai.com/home01" } ```