UAE Expands Housing Loan Insurance Coverage to Age 95

Apr 13, 2026

61 min

Apr 13, 2026 11:31

UAE ministry signs agreement to expand insurance coverage for housing loan beneficiaries

## New Agreement for Extended Coverage

The UAE Ministry of Energy and Infrastructure has signed an agreement with Sukoon Takaful to extend insurance coverage for housing loan beneficiaries. This initiative, part of the Sheikh Zayed Housing Programme, aims to enhance support for citizens by improving access to financing.

## Coverage Details

Under the new agreement, insurance coverage will now extend up to the age of 95. This extension includes protection in cases of death or total permanent disability, reducing financial risks for beneficiaries. The move is particularly beneficial for senior citizens who previously faced challenges in securing housing loans.

## Integrated Housing Finance System

The agreement is part of a broader strategy to create a more flexible and sustainable housing finance system. By integrating government, financial, and insurance entities, the initiative seeks to provide comprehensive solutions that cater to various societal needs.

## Government Commitment

Officials emphasize the government's dedication to supporting citizens throughout different life stages, especially retirees. The collaboration with financial and insurance sectors is crucial in building a resilient housing system that adapts to evolving needs. The ministry plans to continue introducing initiatives that enhance housing support and improve quality of life, contributing to the UAE's development goals.

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