123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

Personal Insurance Is Significant In Dubai

By Author: Omega Insurance
Total Articles: 7

Life Insurance pays a lump-sum amount to your named beneficiaries upon your death and ensures them to maintain their standard of living after your absence. Health Insurance gives you and your family access to health care you may need at home or out-of-country. Disability Insurance provides a monthly payment of amount that replaces your lost income, if you are unable to work due to your illness. Critical illness Insurance pays a huge amount on first diagnosis of a serious medical condition. Long-term Insurance allows you to cover some or all of the costs of long-term care instead of spending your savings.

Here, the train of thoughts in your mind may ring a bell, that, “Why am I reading this? I already know about Personal Insurance!”But, hold your thoughts; you must definitely need to know something, before you smell the fresh air of the port city on the Persian Gulf, Dubai.

The Dubai Government had issued a final deadline for mandatory health insurance and failure to honour that will result in fines.

“By end of June, almost 95% of residents with Dubai visas will have to come under the mandatory health insurance cover as per the Dubai Health Insurance law. Approximately 3.8 million people are on Dubai residence visas. Residents and employers who fail to comply will face fines.”

Now, if you are a resident or to-be a resident of the crown jewel of UAE, you must nail the above paragraph on your always-busy mind. As we are living in a busy, competitive, never-stop-to-relax type world, the section personal insurance is always overlooked. While seeing a tiny scratch on your insured vehicle, first you will let a gasp and then calm yourself saying “It’s ok. I’m insured.”

But if the same happens to you or your beloved family members, you will feel relaxed if the above phrase is used. Money has become the modern-day king, a king who comes and goes but refuses to stay. No matter how much we earn, our savings are always looted by our inevitable expenses. And many times in everyone’s lives, ignorance and negligence drags us to some unpleasant situations.

So keeping this all in mind, the government had made the insurance mandatory for its citizens. When working in overseas, health factor is always a fragile one. Well, every one of us wishes to live a full, healthy life with our loved ones, but, not all wishes are fulfilled, because we don’t live in a fairy land.

When living in overseas, irrespective of what our job is, having insurance will let us breathe comfortably. The city you are living may be rural, urban or metropolitan, but there will be no guarantee that you will return home safely or celebrate every New Year with same energy.

When the chances are less for achieving a desired output, we put our full potential to make that happen. On the other hand, when every chance is available for securing our life among our busy schedule, the twin brothers, ignorance & negligence, shield our ways of utilizing those opportunities. In common, a personal insurance is always a helping hand in hazardous situations, so grabbing that helping hand when we are away from our family or our native will be a move of great precaution.

Total Views: 74Word Count: 537See All articles From Author

Insurance Articles

1. The Role Of A Loss Adjuster And Loss Assessor
Author: Claim Makers

2. Why Should You Have Adventure Insurance Before Embarking On The Seven Summits Challenge?
Author: Raghav

3. Get A Better Settlement Claim On Theft By Hiring An Insurance Assessor
Author: Claim Makers

4. Claim Maximum Amount From The Insurance Company - Hire Loss Assessor
Author: Claim Makers

5. Things You Should Know About Music Studios In New York
Author: Micheal Jordan

6. How Do You Save 50% On Your Auto Insurance?
Author: Parmod Singh

7. Buying Piano Insurance Online? Here Is Your Guide For The Best Buy
Author: Victor Johnson

8. Do You Think Music Studio Insurance Is Important?
Author: Micheal Jordan

9. Cqc Community Living Policies And Procedures Which Care Centres Follow
Author: Albert Cook

10. How To Decrease The Cost Of Home Insurance?
Author: Jason Davis

11. Get Free Home Insurance Quotes To Ensure Maximum Savings
Author: Jason Davis

12. How To Choose A Good Performance Insurance Online?
Author: Micheal Jordan

13. Everything You Need To Know About Auto Insurance Brokers
Author: Jason Davis

14. Start And Protect Your Studio With Music Studio Insurance
Author: Micheal Jordan

15. How Much Liability Insurance Do You Need?
Author: Curtis Frank

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: