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Policybazaar.ae, Alliance Insurance launch UAE life cover with a full premium refund option

The Smart Return Term Plan combines life cover with a one-time exit option for eligible policyholders, allowing them to recover their base premiums under specified conditions

Nida Sohail
Nida Sohail

21 October, 2026

Policybazaar.ae, Alliance Insurance launch UAE life cover with a full premium refund option

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Policybazaar.ae and Alliance Insurance have launched a term life insurance product in the UAE that offers policyholders a way to recover 100 per cent of their base premiums through a one-time exit option, adding a refund feature to conventional term protection.

The Smart Return Term Plan provides a lump-sum death benefit to beneficiaries if the life assured dies during the policy term. Eligible policyholders can also choose to leave the plan at a designated point before maturity and receive a refund of the base premiums paid.

The launch addresses a common concern associated with term insurance: policyholders generally pay premiums for financial protection but do not receive those payments back if the policy ends without a claim. The new product gives eligible customers the option to recover their base premiums while retaining the choice to continue their cover.

Smart exit option comes with conditions

The plan’s main differentiator is its Smart Exit feature, available to policyholders who select a term of at least 30 years. The option can be exercised once during a one-year window that opens six years before the policy’s scheduled end date.

Customers who exercise the option receive a refund equivalent to 100 per cent of the base premiums paid. The refund provision applies to base premiums, and the product’s terms and conditions will determine how the option operates in individual cases.

For example, a customer who purchases a 30-year policy at age 30 could use the exit option during the designated window at age 54. At that stage, the policyholder could assess whether life cover remains a priority or whether recovering the premiums better suits their financial circumstances.

Customers who do not exercise the option retain their life cover until the end of the policy term, subject to the policy conditions. The feature therefore offers a choice between continuing protection and taking the eligible premium refund at the specified point.

Insurers target concerns over term cover

Neeraj Gupta, CEO of Policybazaar.ae, said the perceived loss of premiums when a term policy ends without a claim can discourage people from purchasing cover.

“Term insurance is the most important financial decision a breadwinner can make, and the one most often postponed. In the UAE, many families rely on one income for school fees, rent and home loans, yet term cover remains badly underpenetrated. The barrier is not awareness. It is the belief that decades of premiums vanish. Until now, no term plan in this market offered a way to get that money back. The Smart Return Term Plan changes the equation: full protection when it matters most, and a clear path to recover every dollar of base premium. With Alliance Insurance, we are setting a new standard for life cover in the UAE.”

Gupta said the partnership aims to provide families with life protection while addressing concerns about the treatment of premiums when no claim is made.

Rami Al Mughrabi, CEO of Alliance Insurance, said the product combines term insurance with additional flexibility for customers.

“For more than five decades, Alliance Insurance has focused on building products that fit the real lives of people in the UAE. The Smart Return Term Plan reflects that. It keeps the simplicity and affordability of term insurance, and adds the flexibility people have been asking for. Our partnership with Policybazaar.ae lets us put this plan in front of customers in a way that is transparent, easy to compare and easy to buy. We see it as an important step in widening access to life protection across the country.”

Eligibility, premiums and additional benefits

The plan is available to individuals aged 20 to 65, with coverage extending up to age 85. Policy terms start at five years, although the Smart Exit feature is limited to policies with terms of 30 years or longer.

Premiums are payable in US dollars throughout the policy term. Customers can choose monthly, quarterly, semi-annual or annual payments, and the product carries no policy fee, according to the companies.

The death benefit is paid as a lump sum equal to the policy’s Sum Assured. The plan also includes built-in cover for Passive War and Passive Terrorism, capped at $1m per life.

Customers who select a policy term of less than 30 years and a Sum Assured of at least $500,000 are eligible for a 20 per cent premium discount. These shorter-term policies do not qualify for the Smart Exit premium-refund option.

Product available through Policybazaar.ae

The Smart Return Term Plan is available through Policybazaar.ae, where prospective customers can compare options, obtain quotes and consult licensed advisers.

The product’s appeal will depend on how customers assess the cost of coverage against the potential premium refund, the length of protection required and the conditions governing the exit option. For policyholders considering long-term cover, the designated exit window provides a decision point before the policy’s scheduled end date, while those who retain their policies continue to receive protection under the applicable terms.

Dubai tenants warned over overlooked rental contract clauses

The Rental Disputes Center urges tenants and landlords to review contractual clauses, register agreements through Ejari and document any changes

Rajiv Pillai
Rajiv Pillai

21 October, 2026

Dubai tenants warned over overlooked rental contract clauses
Image: Supplied

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Dubai’s Rental Disputes Center (RDC) has urged landlords, tenants and real estate brokers to carefully review tenancy agreements before signing, following a recent increase in disputes linked to overlooked contract clauses and undocumented arrangements.

The centre warned that tenancy agreements are legally binding documents and should not be treated as routine formalities before occupying a property or starting commercial operations.

According to the RDC, several recent disputes have resulted from parties failing to understand contractual obligations, relying on verbal agreements or making arrangements that were never formally documented.

These disagreements have, in some cases, resulted in legal claims involving eviction, compensation and financial obligations.

Dubai RDC highlights common rental contract mistakes

The RDC cited a case involving a commercial tenant who became involved in a legal dispute with his landlord several months after beginning business operations.

The disagreement concerned payment arrangements and financial guarantees included in the tenancy agreement.

According to the centre, the tenant had not fully considered these provisions before signing the contract and subsequently relied on separate arrangements that had not been formally documented.

As the dispute progressed, the written agreement was found to contain clearly defined obligations accepted by both parties, while the tenant’s undocumented arrangements lacked sufficient evidentiary weight before the relevant authority.

The RDC said the case demonstrated how overlooking contractual details can lead to financial and legal consequences.

It added that many rental disputes arise not necessarily from deliberate wrongdoing but from parties signing agreements without properly reviewing their terms.

Particular attention should be paid to provisions covering payment deadlines, eviction procedures, contractual penalties and the conditions governing renewal or termination.

Why Ejari registration matters in Dubai

The RDC also stressed the importance of registering tenancy agreements through Dubai’s Ejari system.

Ejari provides an officially recognised framework for recording rental agreements and helps regulate relationships between landlords and tenants.

The centre warned that failing to register a tenancy contract could create procedural difficulties when attempting to establish or enforce certain rights and obligations before official authorities.

It also urged landlords and tenants to retain relevant correspondence, notices and other supporting documentation throughout the rental relationship.

Any amendments to the original agreement, including changes to payment arrangements or other contractual conditions, should be formally documented rather than relying solely on verbal assurances or informal messages.

RDC urges tenants and landlords to understand obligations

The centre emphasised that a stable rental relationship begins with understanding the agreement before it is signed, rather than simply ensuring that rent is paid and the property is handed over.

It advised all parties to examine contractual provisions carefully and ensure that any additional arrangements are properly recorded.

The guidance applies to both residential and commercial rental relationships, where misunderstandings over contractual terms can result in disputes and financial losses.

The RDC said improving legal awareness among landlords, tenants and brokers would help safeguard contractual rights, reduce avoidable disputes and strengthen confidence in Dubai’s rental market.

Jennifer Lopez to headline Abu Dhabi F1 concert on December 4

The global superstar will perform alongside Alex Warren at Etihad Live during the 2026 Abu Dhabi Grand Prix weekend

Rajiv Pillai
Rajiv Pillai

21 October, 2026

Jennifer Lopez to headline Abu Dhabi F1 concert on December 4
Image: Abu Dhabi Grand Prix website

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Article Summary
: "December 4, 2026"). - Location: Etihad Live, Yas Island, Abu Dhabi Grand Prix.

Jennifer Lopez will headline the Friday After-Race Concert at the Formula 1 Etihad Airways Abu Dhabi Grand Prix on December 4, 2026, joining singer-songwriter Alex Warren for a double-billed performance on Yas Island.

The announcement was made by Ethara Live, which confirmed that Lopez will bring The JLo Show to Etihad Live, formerly known as Etihad Park, as part of the Yasalam presented by etisalat entertainment programme.

The performance will take place during the four-day Abu Dhabi Grand Prix, scheduled from December 3 to 6 at Yas Marina Circuit.

Lopez’s return to Abu Dhabi adds another international artist to the event’s entertainment programme, which combines Formula 1 racing with live music and hospitality experiences.

Jennifer Lopez brings The JLo Show to Yas Island

The concert will feature some of Lopez’s best-known hits, including Waiting for Tonight, Let’s Get Loud, Jenny from the Block, On the Floor, All I Have and I’m Real.

The singer and actress has sold more than 80 million records worldwide and has generated billions of music streams and video views.

Her film career has also contributed more than $3bn to the global box office, according to Ethara Live.

David Powell, chief portfolio & strategy officer at Ethara Live, said: “Jennifer Lopez is one of the world’s most iconic entertainers, and her ability to connect with audiences across generations makes her the perfect artist to headline the Friday After-Race Concert at the Abu Dhabi Grand Prix. This year’s Yasalam presented by etisalat entertainment programme continues to bring together the world’s biggest artists, reflecting our ambition to deliver the biggest and most exciting entertainment event of the year.”

Abu Dhabi F1 2026 concert access and tickets

The Friday concert will also feature Alex Warren, with both artists performing at Etihad Live on Yas Island.

Access to the After-Race Concerts is exclusive to Abu Dhabi Grand Prix ticket holders.

Eligible ticket holders can also purchase a Golden Circle upgrade, which guarantees concert access and provides a viewing area closer to the stage.

The Yasalam entertainment programme forms part of the wider Abu Dhabi Grand Prix weekend, which attracts international visitors to Yas Island for motorsport, concerts and hospitality events.

The 2026 Formula 1 Etihad Airways Abu Dhabi Grand Prix will run from Thursday, December 3, to Sunday, December 6, at Yas Marina Circuit.

Tickets and further information are available through the official Abu Dhabi Grand Prix website.

UAE pension system upgraded to B grade in 2026 Global Pension Index

The UAE’s overall score increased to 70 from 64.9 in 2025, with A grades for adequacy and integrity

Rajiv Pillai
Rajiv Pillai

21 October, 2026

UAE pension system upgraded to B grade in 2026 Global Pension Index
Image: Getty Images/Image for illustrative purpose

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The UAE’s pension system has improved its performance in the 2026 Global Pension Index, with its overall score rising to 70.0 from 64.9 in 2025, according to the latest assessment published by Marsh’s People and Investments business (formerly Mercer), and CFA Institute.

The improvement saw the UAE’s retirement-income system upgraded from a C+ to a B grade, reflecting progress across key areas of pension provision.

The UAE also received A grades for adequacy and integrity, highlighting the assessment of pension benefits and protections available to insured members.

The Global Pension Index evaluates retirement-income systems based on three main pillars: adequacy, sustainability and integrity. It also considers economic, social and demographic factors that influence the long-term effectiveness of pension systems.

UAE pension reforms support improved performance

The General Pension and Social Security Authority (GPSSA) said the index provides an international benchmark for assessing the UAE’s retirement-income system and identifying opportunities for further improvement.

The authority emphasised that maintaining pension sustainability remains a national priority, particularly as the country seeks to protect the rights of current pensioners while ensuring the system can support future generations.

The improvement follows several legislative and administrative developments in the UAE’s pension sector.

These include the introduction of Federal Decree-Law No. 57 of 2023 on Pension and Social Security, alongside efforts to modernise pension services and improve retirement planning.

GPSSA has also continued expanding its digital services to make pension-related information and transactions more accessible to insured members and pensioners.

GPSSA expands financial literacy initiatives

As part of its efforts to strengthen retirement preparedness, GPSSA has introduced programmes aimed at improving financial awareness and encouraging earlier retirement planning.

These include the Wafra programme, which focuses on financial literacy, and the Balanced Step programme, which provides financial guidance.

The authority also offers Pension Advisory Services and digital services through its Ma’ashi platform.

These initiatives are intended to help UAE citizens better understand their pension entitlements, manage their finances and make informed decisions about retirement.

Focus on long-term pension sustainability

GPSSA said it would continue reviewing the findings and recommendations of the 2026 Global Pension Index in coordination with relevant government entities.

The authority plans to use the assessment to identify opportunities to improve pension services, strengthen the retirement-income framework and support long-term financial sustainability.

The UAE’s improved performance reflects progress in its retirement-income system, although the authority stressed that continued development remains essential to meeting the needs of both current and future generations.

UAE renewable energy capacity surges 63-fold in decade

Clean energy accounted for 32.4 per cent of electricity generation in 2025, with investments of up to AED200bn planned through 2030

Rajiv Pillai
Rajiv Pillai

21 October, 2026

UAE renewable energy capacity surges 63-fold in decade

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Article Summary
The UAE’s renewable energy capacity expanded over 63-fold to 8.2GW in 2025, generating 32.

The UAE’s renewable energy capacity has increased more than 63-fold over the past decade, reaching more than 8.2 gigawatts (GW) in 2025 compared with 129 megawatts (MW) in 2015, according to Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, reported by WAM.

The minister said clean energy accounted for 32.4 per cent of the country’s electricity generation in 2025, with the UAE targeting an increase to 35 per cent by 2031.

Speaking ahead of World Energy Day, observed annually on October 22, Al Mazrouei outlined the country’s efforts to diversify its energy mix, expand renewable energy capacity and improve energy efficiency to meet rising electricity demand.

He said the UAE was pursuing a long-term energy strategy that combines reliable supplies with emissions reduction and economic growth.

“Our vision for the future of energy is based on the understanding that energy security and emissions reduction are complementary goals. A successful energy transition requires a diversified energy mix that ensures reliable supplies, increases the share of clean energy, and meets future demand,” Al Mazrouei said.

UAE plans Dhs200bn clean energy investment

The minister said the UAE plans to invest up to Dhs200bn in clean energy projects through 2030, supporting electricity generation capacity and meeting demand arising from economic and population growth.

The investment programme will also seek greater private sector participation and stronger partnerships across the energy industry.

Al Mazrouei said directing investment towards new generation capacity was essential to strengthening the country’s energy security and supporting its long-term development objectives.

The UAE is also expanding its energy mix through renewable power projects and nuclear energy generation.

The Barakah Nuclear Energy Plant, which has a generation capacity of 5.6GW, currently supplies 25 per cent of the UAE’s electricity needs, according to the minister.

He said the plant also prevents approximately 22.4 million tonnes of carbon emissions annually, supporting the country’s efforts to reduce emissions from electricity generation.

Masdar clean energy portfolio exceeds 65GW

Al Mazrouei highlighted the UAE’s continued investment in domestic and international clean energy projects.

He said the targeted generation capacity of Dubai’s Mohammed bin Rashid Al Maktoum Solar Park by 2030 has been increased by 60 per cent.

Meanwhile, investments by Abu Dhabi-based renewable energy company Masdar have reached approximately $45bn, supporting the expansion of its clean energy portfolio to more than 65GW.

Masdar is targeting a portfolio capacity of 100GW by 2030.

The minister said these investments would help diversify the UAE’s energy sources, strengthen energy security and expand international partnerships.

Energy efficiency remains a priority

Alongside increasing generation capacity, the UAE is focusing on improving energy efficiency through advanced technologies and more effective resource management.

Al Mazrouei said energy planning must balance rising demand with measures to reduce consumption and emissions.

At the international level, he highlighted the UAE Consensus, which established a global goal of tripling renewable energy capacity by 2030.

He also pointed to the UAE’s leadership of the Global Energy Efficiency Alliance, which supports efforts to double the global average annual rate of energy efficiency improvements.

Looking ahead, Al Mazrouei said the UAE would prioritise accelerating energy projects, expanding private sector participation, developing financing mechanisms and scaling emerging technologies.

The measures are intended to support reliable energy supplies, improve resource efficiency and strengthen the competitiveness of the UAE economy as electricity demand continues to grow.

Parkin scores 10-year JLT deal, securing control of 2,800 parking spaces

The renewed Parking Management Framework Agreement gives Parkin responsibility for operating and managing the parking spaces, including 250 designated motorcycle bays

Nida Sohail
Nida Sohail

21 October, 2026

Parkin scores 10-year JLT deal, securing control of 2,800 parking spaces

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Parkin Company has renewed its parking management agreement with the Dubai Multi Commodities Centre (DMCC) for another 10 years, retaining exclusive responsibility for approximately 2,800 paid parking spaces across Jumeirah Lakes Towers (JLT).

The renewed Parking Management Framework Agreement gives Parkin responsibility for operating and managing the parking spaces, including 250 designated motorcycle bays. The company will oversee daily operations and parking payments through its digital and physical channels.

The agreement extends an existing partnership between Parkin, Dubai’s largest paid public parking operator, and DMCC, which manages the JLT business district.

Read more: Parkin takes smart parking beyond Dubai with major Bahrain partnership

The companies said the arrangement is intended to improve parking access and convenience for residents, businesses and visitors. The agreement also provides scope for technology-led services and changes to parking management across the mixed-use community.

Executives outline priorities

Parkin CEO Engineer Mohamed Abdulla Al Ali said the renewal reflected the continued relationship between the two organisations and the company’s role in managing parking across JLT.

“We are pleased to continue our long-standing partnership with DMCC, which reflects its continued trust and confidence in Parkin’s operational expertise, service excellence and proven track record in parking management,” Al Ali said.

He added that JLT remained an important part of Parkin’s portfolio and said the company would build on its existing operations to improve the parking experience for residents, businesses and visitors.

Paul Ashton, DMCC’s chief property officer, said the extended agreement was intended to improve day-to-day parking for the JLT community.

“Our extended partnership with Parkin represents another important step in enhancing the everyday experience of our JLT community,” Ashton said.

He said the organisations planned to use technology-led parking solutions to improve convenience and efficiency, while exploring new services for the community.

Solar infrastructure planned

The agreement also includes plans for Parkin to install solar power infrastructure, linking the parking operation with the organisations’ sustainability objectives.

The renewal expands Parkin’s developer parking portfolio and maintains its role in managing paid parking across one of Dubai’s established business and residential districts.

Financial terms of the renewed agreement were not disclosed in the announcement.

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Policybazaar.ae, Alliance Insurance launch UAE life cover with a full premium refund option