In the UAE, life insurance penetration has been relatively low. This lack of uptake is no doubt due to the primary demographic of the population – expats. Most of the expats that make up the UAE’s workforce are young and therefore feel like life insurance is not something that they need. But in the UAE, […]
Tag Archives: critical illness
04
Dec
Dec
With a vaccine on the horizon, optimism is growing about the COVID-19 pandemic drawing to a close. But, with life heading towards the new normal, people’s attitudes and mindsets have permanently changed. Changing Mindsets. It’s no surprise that both people’s attitudes and priorities are changing as a result of the COVID-19 Pandemic. A recent study […]
14
Nov
Nov
On the 16th October 2020, the UAE Insurance Authority brought in its much-discussed BOD-49 life insurance regulations. Whilst these were supposed to come into force earlier, the implementation of the new regulations was delayed by the pandemic. The BOD-49 regulations are intended to combat mis-selling and increase transparency and value for consumers. What Is The BOD-49 […]
20
Oct
Oct
Medical insurance is mandatory in the UAE. While, on the surface, this can seem like a positive, what it also does is leave many complacent about getting critical illness cover. Life Insurance, Critical Illness and Medical Insurance: The Differences. It can be hard to decipher the differences and benefits of different types of insurance, and […]
06
Oct
Oct
The life insurance sector in the UAE has an extraordinary growth rate (10% a year) and many competing insurers which means great deals for consumers in the UAE. But understanding life insurance in the UAE can be hard. So, how do you get the right deal for you? We’ve made guides before, but in this […]
19
Sep
Sep
The burden of looking after a family can often seem enormous. Not only must you consider their general wellbeing, but also their financial wellbeing. How can you ensure that you will always be able to provide for them, including their financial futures? At IAE, we believe that one of the best ways to do this […]
09
Sep
Sep
Life Insurance is the simplest and most important way to lessen the financial strain of losing a loved one. Dealing with bereavement is a difficult task for anyone, so making sure that your loved ones are protected against financial difficulties in the event of your death is of paramount importance. The Cost of Funerals. Losing […]
29
Aug
Aug
Many recognise having a life insurance policy as an essential, ensuring the financial security of your family in case the worst should happen. Of these people there are a huge amount that neglect the importance of critical illness cover. But, when taking out a life insurance policy, critical illness cover really shouldn’t be forgotten about. […]
15
Aug
Aug
Starting a family often brings with it a change of perspective. Having a child gives you the opportunity to reflect and recognise what is important in your life. Often, one of the most important things you can do after having a child is revisiting your financial plan. After all, you’ve just added your new child […]
05
Aug
Aug
As a result of COVID-19, many UAE residents are thinking about their life insurance and critical illness policies. There’s no surprise here. After all, the cost of living is expensive in the UAE and financial security has become a concern for many residents during the uncertain time of the pandemic. Are Insurers Still Accepting Applications […]