UAE – Moving from average health insurance package to basic
Wednesday, 06 01 2016, Category: Insurance and Reinsurance, Country: U.A.E
Some companies decreased the insurance benefits offered to employees, so they switched the health services from the average insurance package to the basic one. This follows a significant increase in the number of insured with the implementation of compulsory insurance on all the employees by the end of the current month of June. Moreover, insurance companies received many requests from clients in different parts of the country to decrease prices and medical benefits offered in order to control costs.
Experts in the sector clarified that extending health insurance coverage to a large population of employees compensates the decrease in benefits that only affected a small category of employees. The Managing Director of UIB brokers Mr. Ralph Kabban indicated that the demand of companies for basic health insurance packages increased.
Source: Al Roeya - UAE