Do you know that insurance companies in the UAE follow a rating system? While insurance companies in other countries follow a rating system, insurance companies in the UAE follow an underwriting system. Underwriting is a process where insurance companies evaluate risk and determine how much premium to charge for coverage. The higher the risk, the higher the premium cost. The key difference between a rating system and an underwriting system is that a rating system is applied to insurance companies based on a company’s past performance, while underwriting is done on a company’s present performance.
In this blog, we will be talking about insurance companies in Dubai and their coverage options. We will tell you which insurance company best suits your needs.
Top 10 Insurance Companies in Dubai
1. Emirates Insurance Company
Emirates Insurance Company is a semi-government insurance company in Dubai with over 30 offices across the UAE. It provides individual and commercial plans such as motor insurance, home insurance, domestic healthcare insurance, and yacht insurance. The company is rated A- by Standard & Poor’s (S&P) and AM Best and has partnerships with Lloyd’s of London, United Kingdom, Mitsui Sumitomo Reinsurance Ltd., Swiss Reinsurance Co.UK Limited, and Catlin Syndicate at Lloyd’s of London. These partnerships provide excellent coverage options for customers.
Emirates Insurance Company offers a variety of plans that cater to the needs of its customers. It offers policies for individuals ranging from Motor Insurance Plans for cars to Home Insurance Plans for abodes. The company also offers health insurance plans such as Mediclaim Plans for health expenses abroad, and Domestic Healthcare Plans to cover medical expenses within the country. In addition to these plans, it also provides coverage for yachts and pleasure crafts through Yachting Insurance Plans. With a wide range of insurance plans to choose from, customers can find a plan that best suits their needs and budget.
Address: 57M7+JMW – Bayswater St – Business Bay – Dubai
Email: info@eminsco.com
Contact: +971 2 6440400
2. Sukoon Insurance Company
Sukoon Insurance Company (Bupa) was founded in 1975 and is headquartered in Dubai. They offer a wide range of insurance products in the health, vehicle, and family coverage segments. Their customer-centric approach and trouble-free insurance procurement and claim settlement have made them a preferred insurer for a large number of customers. They have been providing impeccable insurance products for the last 45 years and are a top travel insurance provider in the UAE. Their specialized plans provide comprehensive protection against unforeseen accidents, unexpected medical expenses, and other financial risks.
They offer a list of specialized car insurance plans to ensure that customers receive the best coverage possible. Besides, they provide extensive coverage options to address various budget constraints. Whether you’re looking for a term or term plus plan or a dedicated accident or health insurance plan, Sukoon Insurance Company has something for everyone. Get your insurance policy from them and let their years of experience work for you.
Address: Omar Bin Al Khattab Street, Next to Al Ghurair Mal, Deira, P.O. Box 5209, Dubai, United Arab Emirates
Email: service@sukoon.com
Contact: +971 4 233 7777
3. Dubai National Insurance & Reinsurance (DNIR)
Dubai National Insurance & Reinsurance (DNIR) is a leading insurance company offering individual insurance products like motor, medical, home and travel insurance, as well as commercial offerings like engineering, marine, property and liability insurance.
DNI also provides tailor-made health insurance plans for individuals and corporates, which include an extensive medical network, an easy claim process and round-the-clock access to customer service. The company’s financial strength enables it to provide comprehensive protection for its customers at affordable rates. The DNIR team is committed to providing valued insurance products across various geographies backed by large international reinsurance companies.
If you are looking for a reliable insurance provider with a wide range of insurance products and outstanding customer service, you can consider DNI & R as your go-to insurance company.
Address: Dubai National Insurance Building, Floor # 7 & 9 and Ground Floor, Opposite to Deira City Centre, Port Saeed, Deira, Dubai, U.A.E.
Email: info@dni.ae
Contact: +971 4 5969 666
4. Dubai Islamic Insurance & Reinsurance Co.
Dubai Islamic Insurance & Reinsurance Co. (AMAN Insurance) is a Shariah-compliant insurance company with a focus on providing insurance products and services that adhere to Islamic values and principles. The company was founded in 2002 to provide a balanced insurance product according to Islamic guidelines. AMAN insurance offers a wide range of insurance products and services, such as property insurance, motor insurance, life insurance, personal accident insurance, and medical insurance. All their insurance products are developed under the strict supervision of the Fatwa and Shariah Supervisory Board. The company is headquartered in Dubai and is part of the Al-Futtaim Group. They offer a variety of personal insurance options, such as home insurance, car insurance, and travel insurance. AMAN is known for its dedication to providing high-quality products and services that are Shariah-compliant.
Address: 77 Al Mankhool Rd – Al Mankhool – Dubai
Email: info@aman.ae
Contact: 04 351 1150
5. MetLife Individual Medical Plan
MetLife Individual Medical Plan is a health insurance plan for salaried individuals, self-employed, and sponsored dependents in the UAE. The plan provides coverage on medical visits to a general physician, treatments from a wide range of medical centres and hospitals, pharmacy bills, and emergency medical treatments. It also provides critical illness protection against 32 illnesses, including stroke and cancer. MetLife offers a variety of insurance products, including accident insurance, savings products, investment products, and MetLife children’s insurance products. With its holistic financial support in the case of hospitalization, MetLife Individual Medical Plan is a comprehensive health insurance plan that is worth considering for all individuals in the UAE.
Address: New Century City Tower – Plot 129, 187 – 4th Floor – Port Saeed – Dubai – United Arab Emirates
Email: info@metlife.ae
Contact: +971 4 415 4555
6. Abu Dhabi National Insurance Company(ADNIC)
Abu Dhabi National Insurance Company (ADNIC) offers a variety of insurance products, including credit and investment insurance, health insurance, and accident and liabilities insurance. ADNIC has offices in Abu Dhabi, UAE, and its corporate headquarters are located in Marina Square, Al Reem Island, Abu Dhabi. Established in 1976, ADNIC began operations in 1978. Over the years, it has carved a niche for itself by providing high-quality products and services to its customers.
ADNIC is committed to providing value for money through efficient and effective products and services to its customers. The company believes that every customer requires insurance coverage, be it a car or a house or any other asset. At the same time, it is equally important to provide sound underwriting practices and financial strength assessment tools that are transparent and verifiable for everyone to see.
Apart from this, ADNOC has a well-deserved reputation for being customer friendly and has won numerous national awards for its customer service excellence.
With so much to offer its customers, there is no wonder that ADNIC is one of the most sought-after insurance companies in the UAE today.
Address: Mohamed Bin Khalifa St – Al Danah – Zone 1 – Abu Dhabi – United Arab Emirates
Email: info@adnic.ae
Contact: +97124080900
7. Ras Al Khaimah National Insurance Company
Ras Al Khaimah National Insurance Company (RAK Insurance) is a public shareholding company established in 1974 and listed in Abu Dhabi Securities Exchange.
RAK insurance is a leading insurance company in the region, known for its innovative product and service portfolio, as well as support from Ras Al Khaimah Bank. The company is known for using sophisticated technologies to improve and standardize its product line and service mechanism. It offers a wide range of products, encompassing both personal insurance and business insurance. RAK insurance is the first and largest insurance company in Oman and has operations in UAE, Oman, and Kuwait. The company offers various programs, such as health insurance, car insurance, home insurance, life insurance, travel insurance, and financial protection.
The company’s diverse product offering allows customers to find the right coverage for their needs.
Address: 4th Floor, 405, Sultan Business Center Bldg Oud Metha, Next to Lamcy Plaza – Dubai – United Arab Emirates
Email: info@rakinsurance.com
Contact: 800 7254
8. AXA Gulf Insurance
AXA Gulf is a leading insurance company in the GCC, with operations covering UAE, Oman, Qatar, and Bahrain. It offers a wide range of insurance products and services to customers in SMEs, large corporates, and individual insurance spaces.
It offers a range of insurance products such as car insurance, home insurance, health insurance, travel insurance, life insurance coverage, as well as financial services.
Axa Gulf is known to offer great products for its customers, making it an insurer of choice among many Emirati residents. The company is popular for providing unique insurance policies like relocation insurance, golf insurance, and art insurance. It is also known for offering customer-friendly policies such as easy claims handling and fair price points. It is a valued name in the insurance sector for providing affordable and reliable coverage.
Address: Second Floor, Building 7, Phase 2 Dubai Outsource Zone – Manama St – Dubai – United Arab Emirates
Email: axacustomercare@axa.ie
Contact: +971 800 292
9. Daman Health Insurance
Daman Health Insurance is a health insurance company that provides a variety of products for individual and corporate customers. The company has tie-ups with various healthcare centres globally, offers four plans for individual health insurance, and organizes over 300 yearly fitness events for its customers.
Over 2.5 million people have chosen Daman Health Insurance as their health insurance provider, and it is consistently voted as the No. 1 Health Insurance company in the region. This is because of Daman’s focus on providing value-added insurance products, superior customer service experience, and a robust network of hospitals and clinics across the UAE.
Daman Health Insurance covers more than 2000+ hospitals and clinics in the UAE and provides insurance to individuals, families, and those earning low incomes. With so many health insurance options available in the UAE, Daman’s cover is a great choice for consumers looking for affordable health coverage.
Address: Hassanicor Building – Al Barsha – Al Barsha 1 – Dubai – United Arab Emirates
Email: customerinfo@damanhealth.ae
Contact: +971 600 532626
10. Pacific Prime Dubai
Pacific Prime is a leading insurance company in Dubai with over 20 years of experience in the UAE insurance industry. As one of the pioneers of ethical insurance and long-term care products, Pacific Prime offers a wide range of health insurance plans that include coverage for maternity, pediatric care, accidents and illness. This helps make it an ideal choice for both residents and business travellers who need health insurance while they are in Dubai. With more than 95% customer ratings on Google Reviews, customers have confirmed that Pacific Prime provides high-quality services at a great value. Whether you are looking for medical coverage or just liability protection, Pacific Prime is the insurance company for you.
Address: 10th Floor, Platinum Tower, Cluster I, Jumeirah Lakes Towers, Dubai, UAE
Email: info@pacificprime.com
Contact: +971 (0)42 793 800
Conclusion
Insurance companies are aware of the need to keep a tab on insurance industry developments and also understand their customer’s requirements. To do that, insurance companies have opened customer service centres in various cities across the UAE and have made it easier for customers to deal with insurance companies. They have also started digital channels like WhatsApp and Facebook groups where insurance companies share updates with their customers. It is vital for insurance companies to work closely with government agencies and other organizations to ensure a safe insurance environment for their customers.
