Insurance is a way to protect yourself from financial risks by paying a company a small amount of money, called a premium. If something bad happens, like a car accident or a house fire, the insurance company helps cover the costs so you don’t have to pay for everything yourself.
Its aim is to reduce financial uncertainty and make accidental loss manageable. It does this substituting payment of a small, known fee—an insurance premium—to a professional insurer in exchange for the assumption of the risk a large loss, and a promise to pay in the event of such a loss.
The following types of insurance are available in the UAE: Life insurance. Health insurance. Property insurance (motor, fire, marine) Liability insurance (third party liability for vehicles, personal accident insurance, employer liability insurance, insurance of trains, insurance of cash).
Insurance Consultants
Insurance consultants are the companies and individuals, who study insurance coverage needs of their customers and provide advice in respect of the appropriate insurance coverage, assist in preparation of insurance requisites and receive remunerations from their customers for their efforts.
Health Insurance in UAE
Whether taken out by the employer or as an individual, health insurance in the UAE must be obtained from an approved local health insurance company. The minimum benefits package must cover hospitalisation, emergencies, routine medicine (general practitioner and specialist), maternity, tests, and prescribed exams.
Benefits of Health Card in UAE
A health card in the UAE is a document that enables its holders to access low-cost public healthcare facilities and medical services. Health card holders can receive medical treatment at government-run institutions by paying relatively lower premiums.
What is the difference between Basic and Comprehensive health insurance in UAE?
However, they often have limited coverage for outpatient care, pre-existing conditions, and dental and vision care. While basic health insurance plans in the UAE cover essential medical expenses, comprehensive health insurance offers superior coverage and additional benefits.
To get this service Kabayan Ehsan offers bespoke consultation on UAE Health Insurance. We can assist and guide you through eligibility criteria and submit the application with relevant documents. Consult with us today to easily obtain an Insurance in the UAE.