Life insurance in Dubai - depressing topic but quite important one!

[toneson]

So, reading the small print of my life and C.I policy back here in the UK, i see that Dubai is not included if you catch or discover you have a critical illness while you are there on holiday; and more worryingly, if you decide to move there, no coverage at all.

Will need to put something in place to ensure that if the Wacky Races of the SZR get the better of me, my wife and little one are taken care of and the mortgage back at home, repatriation etc etc is covered.

Any experiences of taking life insurance in Dubai? Levels of coverage and typical premiums/level of cover?

Many thanks
Toneson!

[zovi]

Do you not get that with your work? I get life insurance as part of package

[toneson]

Nope!

[zovi]

Originally Posted by toneson

Nope!

That's odd, have you asked for it?

[NAUAE]

Try international providers such as Friends Provident. They offer policies which are applicable world wide. The premiums depend upon you i.e. health, risk factors etc but roughly it costs anywhere from $300-$500 per month in premiums for a $1 million pay out (critical care + life) for a term policy.

[Canuck_Sens]

Hi, I do have life insurance here but most companies neither knows nor has any clue what disability insurance means.

You are looking for one insurance fits all, right? Covers everything like disability, accident and others. You are better off reaching a financial advisor or feel free to send me a Pm. And nope, I do not sell insurance....but went through the same process.

[Elphaba]

Originally Posted by toneson

So, reading the small print of my life and C.I policy back here in the UK, i see that Dubai is not included if you catch or discover you have a critical illness while you are there on holiday; and more worryingly, if you decide to move there, no coverage at all.

Will need to put something in place to ensure that if the Wacky Races of the SZR get the better of me, my wife and little one are taken care of and the mortgage back at home, repatriation etc etc is covered.

Any experiences of taking life insurance in Dubai? Levels of coverage and typical premiums/level of cover?

Many thanks
Toneson!

Whilst life cover arranged in the UK is generally valid if you move to the UAE (provided premiums are paid by direct debit from a UK bank account) that is not usually the case with critical illness cover.

I am an Independent Financial Adviser as well as a long time moderator on here and you can check me out on the link in my signature. Life and critical illness cover is available, preferably from decent offshore life companies, but you need professional independent advice to suit your specific circumstances. There is no typical premium as it depends on your age, period of cover, general, health, occupation, whether you smoke and amount and type of cover required.

Let me know if you want more info


@zovi - only a minority of UAE employers provide life cover for their staff, despite it not being expensive to arrange group life plans.

[rajivk999]

Make sure you weigh your options before going forward for any life covers or critical illness covers and should be taken as per requirement ONLY...

Life cover can be done in many different ways today and its important to understand the difference between these plans.

[Jynxgirl]

Raji, this isnt directed at you directly...

Mr Toneson, do not deal with anyone 'new'. Get a personal recommendation from someone who is well trusted and has a good reputation. Like Elpaba. She has been here a long time, and knows the ropes. Everyone has to start somewhere, and there are good new people but this is cowboys and indian country when you get right down to it. You dont want all your money just shuttled into some crap that their boss told them to sell because it makes them a higher commission...

[olsontowers]

Originally Posted by NAUAE

Try international providers such as Friends Provident. They offer policies which are applicable world wide. The premiums depend upon you i.e. health, risk factors etc but roughly it costs anywhere from $300-$500 per month in premiums for a $1 million pay out (critical care + life) for a term policy.

Interesting that you quote estimated costs when you state earlier that it's dependant on so many factors!!!

Perhaps you could predict the winning lottery numbers for me!!!!