Insurance Companies in Dubai / Dubai Insurance / Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details
Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money
Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details

Insurance Companies in Dubai UAE : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings.

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings

 

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Making the decision to buy insurance can be one of the most important decisions you ever make. Every year, people whose family members have accidental death, dismemberment, or some other malady are left with no money and no resources because they neglected to buy insurance.

An insurance company in Dubai will offer policies for many different things, from life insurance to auto insurance, to things like workers comp for disability or on the job accidents. An insurance agent will determine your risk factor and assign you a premium that is guaranteed to pay off if you are legitimately injured or killed, depending on the kind of policy you have.

If you are purchasing insurance for general purposes, or for specific applications such as the coverage of damage to cars, then you might want to acquaint yourself with this field. Read your policy carefully so that you know how to document an event for a claim.

  • Liability – The state of holding legal responsibility for causing ill effects to someone through action or an omission of action.
  • Insurance Malpractice – A failure of duty and competency by a professional required to adhere to professional standards, most often applied to physicians, but also potentially applicable for individuals like lawyers.
  • Insurance Quote – The cost of a specific plan of insurance. A consumer can receive such estimates for free. A consumer should compare several quotes and packaged deals.
  • Insurance company – Companies which furnish insurance coverage to clients, generally on a mass basis.
  • Casualty – This kind of car coverage is in case of collision.
  • Property Insurance – Coverage ordered to protect a possession against any form of physical damage recognized as likely or possible to occur.
  • Indemnity Insurance – This insurance coverage restores damaged possessions to its original state, as determined by the point at which the object of the insurance plan is insured.
  • Health Insurance – As one of the basic tasks undertaken for insurance, this coverage aims at paying a customer’s doctor and hospital bills.
  • Life Insurance – An insurance claim quoted in the instance of the plan holder’s death, provided generally to a family member or partner.
  • Insurance Broker – An agent for a plan holder who can file claims of liability.

List of Insurance Companies in Dubai

Find the top Insurance in Dubai with name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, coupons, vouchers, reviews and ratings. Find bellow list of Insurance in Dubai UAE.

1. Dubai Insurance
Address & Location: Al Rigga, Dubai, United Arab Emirates
Telephone Number: +9714 269 3030
Category: Insurance

2. Salama Islamic Arab Insurance
Address & Location: Oud Metha, Dubai, United Arab Emirates
Telephone Number: +9714 357 7000
Category: Insurance

3. Oriental Insurance Company Limited
Address & Location: Bur Dubai, Dubai, United Arab Emirates
Telephone Number: +9714 353 8688
Category: Insurance

4. AFIA Insurance Brokerage Services LLC
Address & Location: Dubai, United Arab Emirates
Telephone Number: +9714 421 5819
Category: Insurance

5. United Insurance Company
Address & Location: Airport Rd, Dubai, United Arab Emirates
Telephone Number: +9714 250 2501
Category: Insurance

6. Al Nabooda Insurance
Address & Location: Al Wasl Road, Dubai, United Arab Emirates
Telephone Number: +9714 312 1333
Category: Insurance

7. Al Khazna Insurance Company
Address & Location: Al Ittihad Road, Dubai, United Arab Emirates
Telephone Number: +9714 217 3333
Category: Insurance

8. Oman Insurance Company
Address & Location: Dubai Healthcare City, Dubai, United Arab Emirates
Telephone Number: +9714 363 5380
Category: Insurance

9. National General Insurance
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 211 5892
Category: Insurance

10. Methaq Takaful Insurance Company
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 260 1601
Category: Insurance

Insurance Dubai Location Map

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings

Insurance Companies in Dubai

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Insurance is a financial institution classified as a non bank financial institution. They are important financial inter-mi diaries. It is believed to have originated from the ancient practices of inhabitants of the valleys of rivers Tigris and Euphrates in the present day Iraqi in about 4.000BC. History has it that in 1800BC, the Babylonians code of Hammurabi contained provisions which had elements of insurance in the laws that govern their commerce. But today what we have in the industry, both locally and internationally had moved from just an agreement between two persons into a very big industry across the globe.

Going by definition, we learn that insurance means a situation whereby someone protects his or herself against risk and reduce effects of uncertainties as well as distribute loss. Other explanation to this owe it to the situation whereby a certain amount of money when collected from someone by an insurance company agrees to pay a compensation or render services to that person if and whenever that person suffers the kind of loss specified in the insurance agreement; and from the explanation, this is where an insurance company comes into play since they are the people that will go into agreement with the person taking any insurance policy against any of his belongings. This industry has widely been believed as a means whereby people reduce the risk of unforeseen circumstances. As financial intermediaries, they act as middlemen between the surplus units and deficit units of the economy thereby sustaining the general growth of the economy.

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings

One may ask, how do insurance companies generate the money used in compensating their policy holder when affected by any mishap? The answer to this question, will lead us into talking about the various means via which the insurance companies make their money and how their policy holders are compensated. The truth is that, the money they collect from their policy holder (i.e one that has an agreement with the insurance company) is invested in the form of premiums (an extra sum of money paid in addition to the normal cost of something. by BBC. Eng. dict) and that money is invested in Bonds, in stocks, mortgages (i.e house) and government securities (in our subsequent article, we will explain more of this: Bonds, stocks, mortgages and govt. securities). They generate income for themselves and those who are in their service. They invest their policy holder’s money in better business that has short term maximum returns on investment and from there meet their numerous needs when needed in claims and losses. These funds themselves are invested, that not only do they earn interest to be added to the funds, but they also benefit the government, public authorities, and industries whose securities the investment are spread, because of the investment policy of the insurer (we will explain later), their reserve funds are not left idle butt are used productively.

Another way via which the insurance companies compensate those who are in their service is that the contribution of many is used to compensate the few among them who were affected by the misfortune insured against. So the loss of few people is share by many. We hope that to this extend, you must have understood the above explanation about insurance company. Now the next thing we will be considering is the functions of the insurance companies. Amongst other functions, the main function of the insurance company is risk bearing, the financial losses of individuals are judiciously distributed among many people, for example, in the case of fire, the policy holder in fire insurance pays a premium into a common pool, out of which those who suffer loss are compensated.

Insurance Companies in Dubai : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings

Dubai Insurance Companies List

Insurance Companies in Dubai UAE : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings. When it comes to buying insurance, the first step is to figure out whether you want to purchase through an insurance agent or direct from a company. While the two may seem one-and-the-same, the differences between the two can majorly impact your trucking business. This article aims to help you decide which option will work best for you and your trucking company.

When you choose to buy trucking insurance direct from a company, you are also choosing to buy one of the standard insurance packages. These packages were designed with a “one size fits all” mentality, so you might have to buy a package with coverage you don’t need in order to receive coverage you do need.

Contrary to popular belief, insurance agents do not have the ability to negotiate a policy rate. However, the agent will be able to provide you a list of options at different price points. By being independent, agents also have access to other carrier policies and are able to tailor the policy to best suit your needs. Additionally, the agents may reach out to insurance companies most people have never even heard of, or don’t know provide commercial trucking insurance, which allows them to find even more coverage options for the insured (you) to review.

As mentioned previously, when you choose to buy a standard insurance package direct from an insurance company, there’s a chance you’re overpaying. Since the package is not tailored to your needs, there may be coverages within it that you don’t necessarily want or need. Additionally, when it comes time for renewal these agencies will only show you rates from their employer since it’s their job to keep you insured with that company.

Agents own their own business, thus must generate income by charging the insured for the service provided. However, even with the additional fee, going through an agent usually results in a cheaper premium-sometimes up to 25%-due to their ability to price shop. Furthermore, when it comes to renewal, independent agents are able to reevaluate your premium based on new rates from multiple insurance companies. Therefore, the chance for cost savings increases.

One of the biggest differences between buying direct and buying through an agent is the experience. On one hand, when you call an insurance company to talk to someone about your coverage, odds are you’re going to get transferred to someone in a call center. Yes, you will be speaking with an individual who has passed the same exams as personal agents, and therefore can address all of your needs. However, the biggest difference is that the next time you call you most likely will not be speaking to the same individual you spoke to previously.

On the other hand, working with an agent allows you to form a personal relationship since you know that when you call you’ll be talking to either the agent or someone on their small team. These individuals will be familiar with your policy, instead of simply reading general information off a database. More importantly, insurance agents will be there to advocate for you during a claim.

We’ve all seen the commercials guaranteeing an insurance quote in 15 minutes or less, so for some it seems logical to go online and purchase insurance. If you are shopping for your best price though, it means you are spending 15 minutes on each insurance companies’ websites. Not only is this time consuming, but it results in multiple companies gaining your personal information (phone number, email address, etc.).

When you work with an independent insurance agent, the agent does the searching for you. So while it may take some time, it’s the agent who puts time into reaching out to all the insurance companies, not you. Agents also realize time plays a significant role in a trucker’s career, which is why they’re oftentimes quicker when it comes to certificate processing and binding.

 

Insurance Companies in Dubai

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Insurance Companies in Dubai UAE : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings.

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Insurance Companies in Dubai : List of Insurance Companies in Dubai

Insurance Companies in Dubai : List of Insurance Companies in Dubai UAE.

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  1. List of Insurance Companies in Dubai

    Having the right kind of insurance is central to sound financial planning. Some of us may have some form of insurance but very few really understand what it is or why one must have it. For most Indians insurance is a form of investment or a superb tax saving avenue. Ask an average person about his/her investments and they will proudly mention an insurance product as part of their core investments. Of the approximately 5% of Indians that are insured the proportion of those adequately insured is much lower. Very few of the insured view insurance as purely that. There is perhaps no other financial product that has witnessed such rampant mis-selling at the hands of agents who are over enthusiastic in selling products linking insurance to investment earning them fat commissions.

    What is Insurance? Insurance is a way of spreading out significant financial risk of a person or business entity to a large group of individuals or business entities in the occurrence of an unfortunate event that is predefined. The cost of being insured is the monthly or annual compensation paid to the insurance company. In the purest form of insurance if the predefined event does not occur until the period specified the money paid as compensation is not retrieved. Insurance is effectively a means of spreading risk among a pool of people who are insured and lighten their financial burden in the event of a shock.

    When you seek protection against financial risk and make a contract with an insurance provider you become the insured and the insurance company becomes your insurer.

    In Life Insurance this is the amount of money the insurer promises to pay when the insured dies before the predefined time. This does not include bonuses added in case of non-term insurance. In non-life insurance this guaranteed amount may be called as Insurance Cover.

    For the protection against financial risk an insurer provides, the insured must pay compensation. This is known as premium. They may be paid annually, quarterly, monthly or as decided in the contract. Total amount of premiums paid is several times lesser than the insurance cover or it wouldn’t make much sense to seek insurance at all. Factors that determine premium are the cover, number of years for which insurance is sought, age of the insured (individual, vehicle, etc), to name a few.

    Nominee – The beneficiary who is specified by the insured to receive the sum assured and other benefits, if any is the nominee. In case of life insurance it must be another person apart from the insured.

    Policy Term – The number of years you want protection for is the term of policy. Term is decided by the insured at the time of purchasing the insurance policy.

    Rider – Certain insurance policies may offer additional features as add-ons apart from the actual cover. These can be availed by paying extra premiums. If those features were to be bought separately they would be more expensive. For instance you could add on a personal accident rider with your life insurance.

    Surrender Value and Paid-up Value – If you want to exit a policy before its term ends you can discontinue it and take back your money. The amount the insurer will pay you in this instance is called the surrender value. The policy ceases to exist. Instead if you just stop paying the premiums mid way but do not withdraw money the amount is called as paid-up. At the term’s end the insurer pays you in proportion of the paid-up value.

    Now that you know the terms this is how insurance works in plain words. An insurance company pools premiums from a large group of people who want to insure against a certain kind of loss. With the help of its actuaries the company comes up with statistical analysis of the probability of actual loss happening in a certain number of people and fixes premiums taking into account other factors as mentioned earlier. It works on the fact that not all insured will suffer loss at the same time and many may not suffer the loss at all within the time of contract.

    Potentially any risk that can be quantified in terms of money can be insured. To protect loved ones from loss of income due to immature death one can have a life insurance policy. To protect yourself and your family against unforeseen medical expenses you can opt for a Mediclaim policy. To protect your vehicle against robbery or damage in accidents you can have a motor insurance policy. To protect your home against theft, damage due to fire, flood and other perils you can choose a home insurance.

    Most popular insurance forms in Dubai are life insurance, health insurance and motor insurance. Apart from these there are other forms as well which are discussed in brief in the following paragraphs.

    Life Insurance – This form of insurance provides cover against financial risk in the event of premature death of the insured. There are 24 life insurance companies playing in this arena of which Life Insurance Corporation of India is a public sector company. There are several forms of life insurance policies the simplest form of which is term plan. The other complex policies are endowment plan, whole life plan, money back plan, ULIPs and annuities.

    The biggest pie of non-life insurance in terms of premiums underwritten is shared by motor insurance followed by engineering insurance and health insurance. Other forms of insurance offered by companies in India are home insurance, travel insurance, personal accident insurance, and business insurance.

    Buying Insurance – There are an umpteen number of policies to choose from. Because we cannot foresee our future and stop unpleasant things from happening, having an insurance cover is a necessity. But you need to choose carefully. Don’t simply go with what the agent tells you. Read policy documents to know what is covered, what features are offered and what events are excluded from being insured.

    Determine what asset or incident must be protected against loss/damage. Is it you life, health, vehicle, home? Next determine what kinds of damage or danger exactly would the assets be most probably be exposed to. This will tell you what features you should be looking for in a policy. Of course there will be losses which cannot be foreseen and the cost of dealing with them can be very high. For instance nobody can predict that they’ll never suffer from critical illnesses no matter if they’re perfectly healthy at present.

    The biggest mistake while it comes to buying insurance, particularly life insurance is to view it as an investment. Clubbing insurance and investment in a single product is a poor idea. You lose out on both fronts because for the premiums you’re paying more cover could’ve been got in a term plan and if the premiums were invested in better instruments your returns could’ve been several times more.

    Be wary of agents who want to talk you into buying unnecessary policies like child life insurance, credit card insurance, unemployment insurance and so on. Instead of buying separate insurance for specific assets or incidents look for policies that cover a host of possible events under the same cover. Whenever possible choose riders that make sense instead of buying them separately. Unless there is a fair chance of an event happening you do not need insurance for it. For instance unless you are very prone to accidents and disability due to your nature of work or other reasons you do not need an Accident Insurance policy. A good Life Insurance policy with accidental death rider or waiver of premium rider or a disability income rider will do the job.

    Understand Product Features and Charges – The worst way of choosing an insurance product or insurer is to blindly follow the recommendation of an agent or a friend. The good way to do it is to shop around for products that suit your need and filter out the ones offering lower premiums for similar terms like age, amount of cover, etc. All details you need about the product features and charges will be provided on the company’s website. Many insurance policies can now be bought online. Buying online is smarter because premiums are lower due to elimination of agent fees. If buying offline in case of life insurance, tell the agent that you’re interested only in term insurance.

    Before you sign on the contract make sure you have understood what items are covered and what items are exempted from the cover. It would be so devastating to learn in the event of damage or loss that the item you hoped to cover with the insurance was actually excluded. So many people rush to their insurers after being treated for diseases only to realize that the particular disease was excluded. Understand details like when the cover begins and ends and how claims can be filed and losses be reported.

    Don’t choose an insurance company because your neighbourhood friend is their agent and never let them coax you into buying from them. Insurance premiums run for years and it means a sizeable amount of money. Apart from the premiums charged look for the service provided. When you are faced with a peril you want the claims collection processed to be complicated with non-cooperating staff in the insurance company’s office. Seek answers from people who have had previous experience with the company for questions like how customer friendly and responsive the company is when it comes to handling claims.

    As you walk from one life stage to another or when the asset insured changes your policies must be reviewed. Perhaps your cover will need to be increased (or decreased) or you’ll need to top it up with a rider. Some instances when you need to review your cover are when you getting married, when you have children, when your income increases your decreases substantially, when you’re buying a house/car and when you’re responsible for your ageing parents.

  2. List of Insurance Companies in Dubai

    There are so many insurance policies, insurance policies come in different prices, features and benefits.The truth is you can’t possibly choose to purchase every insurance policy, you should streamline your choices to mandatory insurance policies.

    It’s quite easy to know which insurance coverage is mandatory; all you have to do is ask yourself this important question… “What is the most important thing to me?” This is an important point to consider, there is no point insuring something that is of no importance to you. The protection of assets that matter to you is expedient in the establishment of a solid financial backup plan. There are many insurance policies that can help you protect your assets and earning ability. However, prior to the purchase of any type of insurance, you must ensure you understand the terms of the coverage that’s expressly written in the policy. You can choose to enlist the services of your lawyer to peruse the content of your insurance before appending your signature to seal the deal. This write-up highlights the mandatory policies everyone should have, they include the following;

    1. Car insurance: there are mandatory laws for car insurance in certain parts of the world. A car insurance is one of the mandatory insurance policies everyone must purchase. The importance of purchasing an automobile insurance cannot be over emphasized, regardless of if you drive a jalopy or an automobile that has been purchased over the years. An automobile insurance is a solid backup strategy if you get involved in a car accident that results in the injury and/or damage of another person’s property. Such an unfortunate incident could subsequently subject you to a lawsuit that might cost you all you have worked for. The tragic result of an accident is burdensome, no one wants to be found in such a fix. Without a car insurance, you are at a risk of losing everything you own. As a matter of fact, if you purchase an insurance policy with a coverage that helps you with meagre savings, you are not better off than a person without a car insurance coverage. Ensure you purchase a car insurance that can cover any unlikely or unforeseen automobile accident.

    2. Life insurance: a life insurance policy enables you to protect people that depend on you financially. Such people include your children, spouse, relatives or other loved ones. If you feel your loved ones might encounter financial hardship if you lose your life, then this type of insurance should be at the top on your list of mandatory insurance policies. You can choose to purchase a life insurance policy that will serve as a substitute for your annual income over the duration of years in which you plan to stay employed. Your choice of life insurance might also incur burial costs, this will relieve your family of any unexpected financial burden.

    3. Long-term disability insurance: the fear of considering the future possibility of a long-term disability is one of the major reasons why people ignore long-term disability insurance policies. Everyone hopes that nothing bad will happen to them, this isn’t a wise decision. Don’t get me wrong, while it is always good to stay positive, it is even better to have a backup plan. It is mandatory to consider purchasing a disability policy that gives you and your family the required coverage to maintain your current standard of living, even after losing your earning power. The disability policy helps you to protect your earning power if you happen to suffer from any form of disability later in the future.

    Health insurance: the high cost of getting the required medical care is a major reason why purchasing a health insurance policy is a necessity. Simple consultations result in soaring bills these days, not to talk of hospital bills you have to pay as a result of severe injuries that have left you confined on the hospital bed for days, weeks, or even months. Hospital bills for a surgical procedure might total into 5 to 6 figures, without a health insurance you might end up spending all you have on a severe health condition in weeks. The financial burden of an increased cost of health insurance policies is nothing compared to the cost of medical care without a health insurance.

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