Dubai: Motorists in the UAE are paying around 15 per cent more on Vehicle Insurance premium compared to last year since January this year, but many of them feel they are not getting back value for the additional money they are paying.

Premiums for both third party and comprehensive insurance for all categories of vehicles were increased after the UAE Insurance Authority revised the unified auto insurance regulations with effect from January.

Apart from a hike in tariff, the amendment to the auto insurance regulations also introduced upper and lower limits to premiums, with the minimum comprehensive insurance premiums restricted to Dh1,300 for saloon cars and Dh2,000 for SUVs, while the maximum cap is at five per cent and seven per cent of the insured value of the vehicles for saloon cars and SUVs, respectively.

Post from Gulf News

Dubai: The Essential Basic Package holders of health insurance in Dubai are likely to have cancer included in their coverage with effect from 2018, say sources in the Dubai Health Authority (DHA).

However, insurance companies have sent a mixed response to the DHA Health Funding Department’s decision as this will increase the cost of reinsurance for them and also hike the premium of the basic package (EBP). The formal announcement of cancer coverage is slated to come soon.

Cancer is the third biggest cause of death in the UAE after road trauma injuries and cardiovascular diseases (CVD). The incidence of breast, lung, colon and prostate cancers remains high.

Post from Gulf News

Dubai: The Dubai Health Authority (DHA) on Tuesday said three more insurance companies will provide Essential Basic Package (EBP) under the mandatory insurance scheme. These companies will be added to the existing list of nine insurance companies authorised by the authority.

The Dubai Health Insurance Law No 11 of 2013 was adopted under the directives of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

According to the Dubai Health Insurance Law that came into effect in January 2014, the legal liability for every sponsor is to provide an essential benefits plan insurance package that costs Dh550 to Dh650.