As an expat in Dubai living miles away from your country, you need to prepare yourself from unpleasant events. Whether it be a critical illness or inability to work or even commercial risks, you need to be protected by a reliable and highly reputable insurance company.
One of the most important steps that you need to take before going overseas for an assignment or for long-term employment is to find a qualified insurance adviser who can explain to you the various policies you can take when you move to Dubai. You probably have accidental death and dismemberment coverage, but you need to know if it is still covered during other events such as terrorist attacks or natural calamities. Never assume that your employer in Dubai will adjust their insurance benefits according to the needs of their expatriates. But if they do, then that’s good news for you.
A life insurance policy is designed to pay out a lump sum upon the death of a person or persons named on the policy. The death of a spouse who is the main income generator means the death of your family’s income too. And one of the main reasons for life insurance is to provide for your loved ones even if you have passed away. It will enable the remaining family members to still pay any long-term debts such as a mortgage. Even if you are not yet married, it is a wise decision to take out insurance because you never know when your circumstances will change, and you may find yourself “uninsurable” when the time comes that you need to apply for insurance.
Insurance companies in Dubai offer a range of services to help reduce your risks in the following:
– Commercial risk
– Critical illness
– Dangerous occupations
– Dangerous sports
– Disability insurance
– Health insurance
– Income protection
– Life insurance
– Mortgage protection
– Personal risk
– Redundancy insurance
You are encouraged to talk to insurance advisers before you sign up for any insurance packages.
Healthcare is quite expensive in Dubai, unless you have a health card that allows residents to receive low cost medical treatments. It is recommended that you take medical insurance for expatriates. A number of insurance companies offer this type of insurance and you should consider your choices carefully. The insurance usually covers hospital stays, advanced imaging services, out-patient and in-patient surgical operations and emergency dental treatments.
Moving abroad involves critical decisions and life in a foreign country, although manageable, is not really easy because of the uncertainties. When moving to another country, expats must select the right life insurance company. This is a part of being a responsible expatriate.
