Happiness as Dubai insurance named 'Isahd'
Dubai, January 27, 2014
The Dubai Health Authority has revealed that 'Isahd' will be the brand name for the mandatory health insurance system.
‘Isahd’ stands for ‘Insurance System for Advancing Healthcare in Dubai and also means happiness in Arabic, said a statement.
As many as 50 health insurance companies have registered with the DHA to be a part of the health insurance system, from which the list of approved firms will be released by the DHA in February.
Speaking at the ongoing Arab Health in Dubai, Essa Al Maidoor, director general of the DHA, presented an overview of the latest services provided by the health authority and highlighted several updates in the regulatory system.
The roll out will take place in phases and every health insurance company that wants to provide health insurance will have to procure a health insurance permit from the DHA to be eligible to provide health insurance services, said Al Maidoor.
Haidar Al Yousuf, director of Health Funding at the DHA, said: “Insurance companies interested in providing the essential health benefits (EHB) package to resident employees with salaries below Dh4,000 ($1,089) will have to undergo further qualifying criteria to ascertain their ability to provide an insurance package at an affordable rate. The premium for this package will range between Dh500-700 per person per year.”
“Companies with 1,000 or more employees will have to cover their staff before the end of October 2014, while those with 100 to 999 employees will have until the end of July 2015 and companies below 100 employees have until end of June 2016 to cover their employees.
"All spouses, dependents and domestic workers will also have to be covered by June 2016.” - TradeArabia News Service