Importance of Corporate Health insurances for Employees in Dubai

Why health insurance is a must?

Taking the best and right Insurance services in Dubai is mandatory for Dubai residents and nationals.UAE provides you the promising and best healthcare infrastructure and have made improvements in healthcare services. The demand for medical professionals and facilities is increasing day by day. Health care insurances in UAE is a mixture of the public and private sector, where experts concentrate on the private sector. Insurance has become the legal requirement in and it depends on the Emirates your stay in.

All companies in Dubai are required to provide insurance services to residents and expats alike. So, the sponsor has to take the responsibility for providing coverage for their employees and some policies applicable to their dependents too.

Basic plan of health insurance

UAE companies must provide corporate insurance services and are essential for your business set up in Dubai, it secures your company from potential lead to loss or profit or any down situations. There are mandatory insurance solutions and optional solutions for your depends, it is the decision of the owner to choose among the best which helps to secure their companies reputation. Essential Benefits Plan(EBP) is the most basic plan provided to their employees that earn a monthly salary of AED 4,000 or less. The minimum cover was introduced by the Dubai Health Authority and has a fixed cost of AED 550 and AED 650 per day. This adequate medical coverage offers a maximum ED 150,00 in most of the Emirates in UAE.

Corporate insurance solutions for companies

Corporate health insurance is more than a mandatory requirement for UAE based traditional organization and startups. It includes medical insurance, general liability insurance, and professional liability insurance. Medical insurance is an adequate coverage policy that meets the standard of minimal medical plans decided by the Dubai Health Authority(DHA). Employees are the lifeblood of any organization and they work hard to increase the productivity and overall output of the company. So, besides these legal formalities, corporate offers the overall job stratification by offering the best insurance services.

General liability insurance protects you and your assets from major property damages and injuries to clients outside of the company. The third parties will be paid the compensation by you or you're employee cause damage. If an employee wrongly installs anything on your customer or breaks his hands, the insurer has to pay for it.

Employers liability insurance is an optional corporate insurance services provided in UAE.It is also known as insurance for workers' compensation. The cost of employees' liability insurance depends on the worker's annual wage, type, and nature of works and the risk of their work. It is not mandatory and highly advisable to companies. When they meet with any accidents during their work time, this insurance will be covered.

Some types of corporate health insurance need to be purchased , depends on your company activities, benefits covered, and coverage range, and in some cases, you have to extend your level of benefits. Corporate health insurance has different areas depends on the product liability of your company and can be improved if you meet any errors and mistakes by your own company staff. So make sure you protect your small or large business from unexpected situations with the suitable plan of insurance.