UAE – Increase in demand for life insurance products
Tuesday, 09 27 2016, Category: Insurance and Reinsurance, Country: U.A.E
Directors of local insurance companies said that the demand for life insurance products witnessed a significant growth in the last period noting that for many years foreign companies dominated this sector. Therefore, local companies announced plans to introduce additional products soon in order to meet the local demand.
They mentioned to “Emarat Alyoum” that growth rates in life insurance differ among companies, indicating that Takaful life insurance and Family Takaful products represent a good alternative for customers who look for Sharia-compliant products.
Source: Emarat Alyoum