UAE travel insurance market to grow 40pc
Dubai, February 15, 2012
The UAE’s travel insurance market is poised to grow by 40 per cent this year backed by a robust tourism market, said a top official of Dubai Islamic Insurance and Reinsurance Company (Aman Insurance).
One of the largest Islamic insurance providers in the UAE, Aman said the forecasted growth had given the firm the upbeat attitude to capture a significant share of the country’s travel insurance segment.
In line with this, the Dubai firm has launched three new travel insurance products - Musafir, Shengen and the Haj & Umrah travel insurance products, which have been designed to offer high benefits to both individuals and families at a reasonable cost.
These insurance solutions offers key benefits like emergency medical expenses & hospitalization abroad, transport or repatriation in case of illness or accident; emergency dental care, medical evacuation; loss of passport or official documents; advance money; delivery of medicines; relay of urgent messages; long distance medical information system; medical referral/appointment of local medical specialist; connection services; advance of funds; personal baggage & money loss and personal accident.
Hussein Al Meeza, the CEO and managing director of Aman, said the country’s travel insurance market had demonstrated key vibrancy despite the effects left behind by the global economic crisis.
'One of the main reasons for this continued growth is the recent development of making travel insurance a compulsory aspect of securing a travel visa to any desired country, particularly Shengen and other European countries,' he explained.
The Haj & Umrah Travel Insurance is an exclusive travel insurance solution that has been specifically designed for travellers going for their annual pilgrimage to Makkah and the Shengen Travel Insurance is a solution valid and approved for travellers to any country in the Schengen European states.
Commenting on the launch, Al Meeza said, These strategic products give travellers the safety, security and confidence of full coverage, giving them the advantage of enjoying their trips without any hassles or worries."-TradeArabia News Service