Dubai has become the center of all the activities of the world and it has the highest population growth rate in the region, the number of immigrants in UAE has significantly increased over a short period of time. The life insurance companies life insurance companies had taken this situation to raise their business; the recent trend has shown that people themselves are more interested in buying health and life insurance for their families. The immigrants have increased the total number of potential customers; you can get the life insurance from local as well as from international insurance provider. Following are the most trusted companies providing family insurances:
•
Dubai national insurance
•
UAE sate insurance
•
Oman big insurance
•
State life company, etc
Middle East have become the heaven for companies providing insurance cover to it local population and foreigners can also get the insurance through internet from various companies, the life insurance companies have started attractive schemes for the people, and they too also prefer investing in their family future rather than in useless luxuries. In the year 2009 the Abu Dhabi government introduced the health expatriate insurance law according to which all the Abu Dhabi insurance companies must gain certification from HAAD and the health law made it compulsory for the people of country and for foreigners working in the city to buy a health insurance for themselves and for their families, and if anyone found without a police would be fine.
Selecting a right UAE health insurance policy can be a headache for many people, as it pose many complex banking and legal issues, for choosing policy one must always give special consideration to his specific needs, it will help you in making the right decision. In UAE there are basically 3 types of insurance policy one can buy:
•
Insurance funded by government
•
Full protection plan
•
Policy based on limited care.
Guaranteed protection plan has fixed monthly or annually premium, and they cover only selected hospitals in the city, the hospital must be selected before buying this policy, and if someone gets a treatment from a hospital which is not included in the cover network, then insurance company would not be liable to pay any insurance money. The controlled plan requires high premium fees and it covers the hospitals selected by the company, it does not give the luxury of choosing the hospital of your own choice. The government sponsored UAE health insurance companies are only for the deserving community, and for government servants, this policy have very low premium and it is generally more preferred and trusted by the people.
About the Author:
Andy Robert is a reputed insurance agent and has been working in the Insurance industry for the last five years. He has worked as a consultant with a number of reputed financial institutions and have extensive experience in Financial Planning, Property Insurance & specially International Insurance and all the latest development in Insurance Dubai trends. He is currently residing in Abu Dhabi.