UAE – Companies increase motor insurance prices because of age
Thursday, 09 17 2015, Category: Insurance and Reinsurance, Country: U.A.E
Insurance companies impose additional cost on motor insurance applications for people aged below 25 years whereas other companies decline the coverage altogether for this category of age.
Customers and employer asked authorities to eliminate the factor of age in the terms and conditions of insurance policies or to reduce its impact.
One of the clients of motor insurance companies Izza Mahmud said that some insurance companies decline the coverage of motor vehicles if the driver’s age is below the age set by the Insurance Authority.
Source: Al Roeya - UAE