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Buy insurance from top insurance companies in UAE
The evolution of UAE in the Middle East as a global business hub has led to a significant increase in the number of investors and business owners in the country. Dubai aka the city of gold is one of the richest emirates in the UAE that attracts investors, working professionals, business owners, tourists and travelers from all across the globe in the UAE. With the increasing number of expatriates and local population there has been a substantial rise in the demand of insurance in Dubai and the UAE. There are several insurance companies in Dubai that offer services and products to safeguard the future of the expatriates and their families.
Buying insurance is one of the basic needs of an individual and the insurance providers are fundamental to an economy. These companies in the UAE safeguard you from the unforeseen events that you may come across in your business, personal life, health, etc. There are different types of insurance companies in UAE that offer a wide variety of insurance products such as life insurance, car insurance , health insurance, etc. There are a plethora of policies that are offered by different providers, banks and brokers. Choosing an adequate general insurance policy among them can be a baffling task for any individual.
It is imperative to have an understanding of the provisions of the scheme and the market presence of the provider, to choose the one that meets most of your preferences. This can be decided depending up on the Incurred Claims Ratio (ICR), which indicates the financial capabilities of the insurance companies in Dubai and their ability to pay against the claims. What’s more, you can also analyze on the basis of the policy benefits, additional covers, deductibles, and limitations. Before settling on a particular plan or insurance company in UAE, it is recommended to check the policy document and its wordings, as general insurance policies may vary when it comes to comprehensive coverage. Hence, in order to save your time and aid, you make a well-informed decision we have outlined some of the best general takaful providers in the UAE. Once you get an idea, we can aid you in getting quotes from these providers!
Here’s a quick rundown on different Insurance companies in UAE:
Adamjee Insurance Co. Ltd operates in the UAE in association with the Ministry of Economy. It is registered in line with the Federal Law No. 9, 1984 and is one of the oldest and best insurance companies in Dubai and the UAE. This company was established as a public company in 1960 and is listed on the Pakistan Stock Exchange. The competitive advantage of the company is achieved through the combination of significant reserves and paid-up capital as well as a diverse business portfolio.
Established in 1991, Dubai National Insurance and Reinsurance, is a Public Shareholding Company. It operates in the UAE under the liaison of Federal Law 6 of 2007. This company focuses on medical, motor, home, travel, and many other commercial plans for group medical, engineering, group life, property & liability, and marine insurance Dubai. The company specializes in motor insurance and is considered as on the best vehicle insurance companies in Dubai.
New India Assurance started its operations in 1961 in accordance with Saadi Group in Dubai. It is registered under liaison from the Ministry of Commerce, UAE. This company is a pioneer in the new policies and is a leader in the conventional general coverage. The company offers services in the UAE including Dubai and is one of the most popular insurance companies in Dubai.
Salama Islamic Arab Insurance is the leading insurance provider of Shari’ah compliant insurance solutions across the globe. Incorporated in 1979 in Dubai, it is one of the largest Takaful and Re-takaful Companies in the world. Salama offers comprehensive range of takaful solutions that are approved by the shariah board of the jurisdiction.
Headquartered in Dubai, UAE, Oman Insurance is operating in the Middle East with 15 branches in every Emirate in the UAE, Qatar, and Sultanate of Oman. It offers a complete set of coverage for protecting the things that are valuable in your life such as your health, vehicle, and your family. The company offers a broad range of insurance products in the UAE and is considered as one of the most reliable insurance companies in Dubai.
HSBC Insurance is one of the most prominent insurance companies in UAE. This provider offers both life and general insurance Dubai. The coverage offers way more than just the settlement of claim and provides comprehensive coverage for your travel, home, car, and the welfare of your family.
Incorporated in 2009, Noor Takaful has been at the vanguard of the Takaful sector in the Middle East. This is the first entity to abide by new Federal law no. 6 of the year 2017. Since its inception, Noor Takaful has been at the forefront in the Takaful sector within the Middle East. With a contemporary approach to Islamic insurance, this insurance company in UAE offers a series of innovative services and products to its customers.
Established in 2011, WATANIA insurance was incorporated in association with, Aldar Properties, Abu Dhabi National Insurance Company, Abu Dhabi National Islamic Finance, and Abu Dhabi National Energy Company. This company was created to form a takaful operator that could meet the market demand for the products that are in compliance with Sharia principles.
Oriental Insurance Dubai is the foreign branch of The Oriental Insurance Company Limited in India. It conducts its operations via ‘Armab Insurance Works LLC’ - a Chief Agency, since 1960. Since the time of incorporation, this insurer has been focusing on providing compatible policies to its customers.
Listed on the Abu Dhabi Securities Exchange and Licensed by the UAE Insurance Authority, Union Insurance Dubai was incorporated in 1998 in Dubai, UAE. It offers takaful coverage that comes with super-value and innovation. With its offices spread across in the UAE, this provider is close at hand in serving the clients and holds a significant share of the market amongst all insurance companies in Dubai.
Recognized as the fully accredited National Takaful provider, National General Insurance (NGI) is amongst the leading composite insurance companies in UAE. NGI offers a variety of plans and expertise involving but not limited to marine, motor, construction, casualty and property, medical or health, investment insurance Dubai and more.
Incorporated in 1979, Al Sagr National Insurance Company (ASNIIC) is registered with the United Arab Emirates’ Ministry of Economy and Commerce. This is a public shareholding company licensed in line with the Federal Insurance Law No. 9 of 1984.
Founded in 2002, Dubai Islamic Insurance and Reinsurance Company (AMAN) is a public shareholding company. The takaful company works as per the Shari’ah guidelines under the aegis of Shari’ah Supervisory Board and Fatwa. It aims at offering a comprehensive system for Islamic Takaful Services, which support the security and stability of the communities.