Do I need life insurance to get a mortgage in the UAE?
Yes. Life insurance is mandatory for any mortgage in the UAE. In most cases the bank lending you the funds for your property purchase will require that you take their in-house life insurance policy in order to get the mortgage. However, we have a number of exclusive deals with banks where we can assign an external life insurance policy which can save you about 50% on the bank’s in-house life insurance policy.
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