Insurance is a process whereby a party called “the Insurer” undertakes to another party called “the Insured”, against a premium payable by the latter, that “the Insurer” shall compensate “the Insured” for the loss that “the Insured” may incur in the case of a risk is realized.
To repair &/or replace damages up to sum insured of the vehicle declared in the policy,following a road accident involving your car.
To cover the expenses towards the Third party – Both Bodily injury towards Third Party and Third Party property damage.
To comply with regulatory requirements of UAE as it is illegal to drive the vehicle with no insurance.
You can chose from two types of cover:
1. Comprehensive - as the name mentions is a comprehensive insurance which covers the damage to your vehicle as well.
2. Third Party - which covers the expenses towards third party bodily injury and property damage for which you are liable, in the event of a claim where your vehicle is involved.
Consider the pros and cons of each and choose the appropriate cover for your needs.
An Excess is an amount which is mentioned in the policy schedule which you as the policy holder will have to pay in the event of a claim.
For eg: if the policy mentions an excess of AED250, then in the event of a claim involving your vehicle, the first AED 250 has to be borne by you.
There are two types of excesses
Compulsory Excess – which is imposed by Insurers
Voluntary Excess – which the policy holder can chose to bring down the premium
Not all Insurers in UAE market have voluntary excess option.
The phrase 'total excess' combines these two factors which is the amount you pay in the event of a claim.
A no claims bonus (NCB) is awarded for each year you hold private car insurance in your own name without making a claim. Most companies only accept NCB earned in the UAE and from policies expired within the last two years.
No. The no claims bonus applies to a single car; it can be transferred to an alternative car, but it can’t be applied to an additional car or another vehicle.
Agency repairs are normally offered by Insurers for a period till first 2 years of registration. However, there are some International Insurers who can offer Agency Repairs up to 5 years subject to no claims and at an additional premium.
Covers all reasonable and customary In and Out Patient medical expenses, incurred by the insured member arising after the inception of the policy and up to the limits mentioned in the policy
Basic benefits: Outpatient, diagnostic, pharmaceutical and hospitalization treatments
Additional benefits as per DHA compliance: Maternity, Pre-existing and chronic conditions, preventive screening, child vaccinations
Optional Benefits: Optical, dental, wellness checkups, gatekeeper facilities
Emergencies : Emergency ambulance services Repatriation and Evacuation 24 hours Helpline
Individual, family, SME and Large Groups (for employees more than 50)
Age of the member
Gender of the member
Level of cover required
Deductible and network chosen
Health conditions of the member
It is the total losses incurred (paid and reserved) in claims plus any adjustments expenses divided by the total premium earned.
Yes there are. Highlighted are some of the major exclusions: