Planning for life after retirement is more important than ever.
Especially in a country like the UAE, where there’s no mandatory pension scheme for expatriates, pension insurance steps in as a smart, future-proof solution.
What is pension insurance?
Pension insurance is a long-term savings and protection plan designed to provide a regular income after retirement.
In the UAE, pension insurance is especially critical because there is no national pension scheme for expatriates.
Locals (UAE Nationals) are covered by the General Pension & Social Security Authority (GPSSA), but most private sector employees and expats rely solely on end-of-service gratuity, which is often insufficient for long-term financial security.
Why pension planning matters in the UAE
The UAE is home to over 9 million expatriates, most of whom don't have access to state pensions. Without proper planning, many risk retiring without financial security.
Key reasons to plan ahead:
No national pension scheme for expats
Rising cost of living post-retirement
End-of-service gratuity is often insufficient
Growing government focus on long-term savings (e.g., DEWS Plan in Dubai DIFC)
UAE government initiatives: shifting from Gratuity to Savings
Recent initiatives, like the Employee Savings Scheme (DEWS), encourage companies to move from traditional gratuity payments to funded retirement plans. However, these schemes are employer-driven and may not fully match individual retirement goals.
That’s where private pension insurance becomes essential, giving you control over your savings and financial future.
How pension insurance works
With pension insurance, you regularly contribute towards a retirement fund that:
Grows over time
Can be withdrawn as a lump sum or a monthly income
Often includes life & disability coverage
You can customize your plan based on your income and retirement goals.
At HAYAH Insurance, our pension insurance solutions are designed to give you flexibility, protection, and peace of mind.
Why choose pension insurance with HAYAH
Guaranteed income post-retirement
Flexible contribution options
Additional protection against life uncertainties
Fully compliant with UAE savings initiatives
HAYAH Insurance is among the leading providers supporting individuals and businesses to plan smarter for tomorrow.
How to Get Started
Set your retirement goals
Choose the right pension plan
Start contributing regularly
Track and adjust your plan as needed
Quick FAQ
Is pension insurance mandatory in the UAE? No, but it is highly recommended for expats and private sector employees.
Can I have both gratuity and pension insurance? Yes, pension insurance complements your end-of-service benefits.
What’s the minimum contribution? It depends on your selected plan; flexible options are available to suit every income level.
The best time to plan for your future is today. A pension insurance plan can help you build financial security and peace of mind.
Explore your options with HAYAH Insurance and start saving smartly for a comfortable retirement.