Dubai, a bustling metropolis and a global financial hub, is home to a plethora of local insurance companies. With their unique blend of expertise, innovation, and customer-centric approach, these companies have made a mark in the insurance industry. From traditional coverage options to modern-day solutions, these insurers have it all. Whether you are a resident or a business owner in Dubai, there is no shortage of options when it comes to local insurance providers. So, let’s dive in and explore what makes these companies stand out in this ever-growing market.
So, there many major of insurance companies in Dubai, no matter what type of insurance you need. Also, most banks have their own insurance companies dealing with all sorts of insurances in either the name of the bank or in the name of themselves acting as a cooperating company together with the bank.
Of course, insurance companies offer dozens of different insurances and healthcare plans. Most of the insurance companies act as agents for the main insurance companies though. This has good and bad side too. The good side is that this way you can get information on more sorts of insurances by different leading insurance companies of Dubai. The drawback might be, that you may not get a full information about insurances and will get limited information because each insurance company agents offer insurances according to their partners. There are a few insurance companies such as NEXtCare which don’t offer their insurance and healthcare plans directly, only through their agents out of which there is at least 50 only in Dubai. Local insurance companies work the same as anywhere else in the world. They offer mainly medical insurances and car insurances, as there are the two main types most people would like to, or need to purchase.
There are of course several other types of insurances, such as the several sorts of propriety insurances, value insurances, life insurances and whatever others you can imagine. Many people need insurances. It is important to add here, that according to a new change of Dubai laws, from next year employers will be obligated to cover and manage the insurance of any of their team members. This is a huge step yet it is not dramatic for the employers, as the sums paid for or gotten out of insurance are always considered tax-free in Dubai. Therefore, companies will need to choose good insurance companies with whom they can cooperate pretty well. The biggest companies dealing with every type of insurance are the Al Ittihad Al Watani General Insurance Company, which is one of the biggest insurance companies of Dubai. AXA Insurance company which is probably one of the best known insurance company in the world and last but not least the RSA Group which was formerly known as Royan and Sun Alliance also deal with insurances.
When it comes to getting a medical or health insurance, Daman also stands at an elite level being one of the biggest insurance companies of Dubai. All insurance types have a double success as they go good for the insurance company and also good for the client but only on condition of any accident happening which is covered by the insurer. First you need to know what type of insurance you would like to get and to get such bank which means no problem to approach not matter if you are in the country or not. You need to get familiar with the local requirements.