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India health insurance firm launches 3 products in UAE

DUBAI, May 20, 2015

The New India Assurance Company has launched Euromed Silver Plus, Gold Plus and Diamond Plus variants of their DHA-compliant health insurance products catering to individuals and families in Dubai and Northern Emirates.

Speaking after the launch, K Sanathkumar, director and general manager shared the vision of New India Assurance to have inclusive participation in all countries of operation and this launch comes at a time when DHA has made health insurance compulsory for all in phased manner.

The new variants cover maternity, pre existing disease cover and dental treatments with a focus on treatment in the UAE. An additional feature is optional travel cost reimbursement to home country to avail in-patient treatment. The price is an attractive feature for all prospects, he said.

“Middle East, particularly GCC, is a significant market for us and our focus will now be to increase our presence in this market and to grow our business by offering our products to a multinational clientele in the region,” said Sanathkumar.

Going forward, he informed about the development of various portals for the use of insurance brokers and claims management with a clear timeline launching schedule of 30 days.

“In 2014, the New India Assurance business in Dubai alone in terms of gross premium was to the tune of Dh203 million ($55.2 million) and in the UAE it was Dh285 Million. The New India Assurance declared 150 per cent dividend to its shareholders last year and is confident that with the strong economic trends and boom in sectors like property, construction etc..., we are bound to grow further,” he said.

The New India Assurance operates in 27 countries through their branches and agencies and has three subsidiary companies and four associate companies. Globally, the New India Assurance business last year was to the tune of Dh9.4 billion. – TradeArabia News Service




Tags: health insurance | New India Assurance |

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