Monday, 8 June 2015

Life Insurance in Dubai.

His Highness Sheikh Mohammad Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, approved the new ‘Health Insurance Law for the Emirate of Dubai 2013’ which sets out the new rules for the provision of health insurance in the Emirate. The law is expected to be fully implemented by the end of June 2016.The implications of the legislation are that health insurance will be mandatory for all zones) and will affect over approximately three million people. The current estimate is that approximately one third of Dubai residents have medical insurance and these changes will therefore ensure that all residents and visitors are insured. Employers Employers will have to provide provide to all Employees Employees a basic health coverage coverage plan to with an annual premium between Dh500-Dh700. Residents