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Personal Insurance Is Significant In Dubai
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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.
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