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UAE is renowned for its local and international insurance market within the GCC region. The Emirate insurance market consists of 35 national and 27 international insurance agencies. Here we'll be sharing a comprehensive guide to insurance in the UAE. Let's take a look at it.<br>Visit:https://www.omaninsurance.ae/
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All in One Insurance Guide to Emiratis
UAE is renowned for its local and international insurance market within the GCC region. The Emirate insurance market consists of 35 national and 27 international insurance agencies. Motor insurance and Health insurance are the largest industries in the United Arab Emirates. In this blog post, we'll be sharing a comprehensive guide to insurance in the UAE. Let's take a look at it:
Motor Insurance The two types of motor insurance coverage offered by the UAE insurance companies are Comprehensive coverage and Third-party liability coverage. Documents for getting a vehicle insurance policy in UAE are as follows: • Copy of vehicle registration • Copy of passport photo • Copy of visa page • Copy of driving license The cost of premium depends upon the following: • Type of car • Driver history • Year of manufacturing • Level of coverage
Health Insurance To reside in Abu Dhabi or Dubai, it is mandatory for everyone to possess health insurance. The UAE government also offers free health care facilities to Emiratis but not for others. The 3 health care cities in UAE are as follows: • Sheikh Khalifa Medical City • Sharjah Healthcare City • Dubai Healthcare City. The health insurance companies in Dubai offers 3 plans: • Basic coverage plan • Essential benefits plan • Comprehensive coverage plan
Commercial Insurance You can find a lot of agencies providing commercial insurance policy in Dubai. The main types of policies are as follows: • Public liability insurance: It is compulsory for all industries operating in the Emirates to have liability insurance. • Property insurance: It is not mandatory to possess property insurance. But it will be highly beneficial for businesses with valuable assets to have it. • Financial insurance: This insurance will cover the financial losses of a company due to a trustee or employee embezzlement. • Employee benefits insurance: It is mandatory for all businesses with employees to possess this insurance to cover work-related incidents.
Insurance Comparison Tools • Insurance market: In this site, you can compare various forms of personal and commercial insurance products. • Yalla compare: This site allows you to compare insurance products with others in the Middle East region.