Insurance Companies in Dubai UAE : Top Insurance Companies in Dubai : List of Insurance Companies in Dubai with Contact Details. Choose from the best insurance companies in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how much insurance cost in Dubai and save money. Find the top insurance companies, insurance agents and brokers in Dubai with company name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, company reviews and ratings.
Role of insurance consultant – The main role of claims’ consultant is to act as a liaison between a claimant and his respective insurance company. Consultants should therefore be well versed in handling any type of claim and ensure that the client gets the best compensation. Having an experience life consultant, especially for complicated claims, can maximize your chances of receiving all benefits as spelt out in your policy.
In addition, he can handle all your paper work and complex details giving you ample time to concentrate on your recovery. A claims’ successor will compile, prepare, file and discuss all intricacies of the case with insurance company’s representatives. He may even oversee repair and restoration of damaged properties.
Just like buying anything else, Life claims have some nasty surprises that one should be wary of. First be cautious in your approach before signing for the policy. Ensure that you have read all the terms and conditions of the policy. You would not want to find that some areas you thought had been covered under the policy are actually exemptions.
Before taking any policy, it is advisable to take your claims consultant with you to see the extent of coverage of the policy and how much you will have to pay out.
Hidden charges and loopholes
The claims’ consultant will help you understand fully the cost of the policy and what you will have to be paid in case of a claim. Moreover, most policies have hidden fees that are not very clear to an untrained eye. The claims consultant will help you identify these hidden costs as well as advice against diverse ways and lifestyle, which usually invalidate your policy.
In conclusion, you should be aware that many insurance companies weave numerous cost, intricacies and hidden fees in their policies. They will always use these avoid or invalidate your life insurance claims and benefits. The best way to avoid getting entangled in these dangerous products and enjoy true life insurance benefits is to enlist the best insurance claims consultants.
List of Insurance Consultants in Dubai
Find the top Insurance Consultants in Dubai with name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, coupons, vouchers, reviews and ratings. Find bellow list of Insurance Consultants in Dubai UAE.
1. Oriental Insurance Company Limited
Address & Location: Bur Dubai, Dubai, United Arab Emirates
Telephone Number: +9714 353 8688
2. AFIA Insurance Brokerage Services LLC
Address & Location: Dubai, United Arab Emirates
Telephone Number: +9714 421 5819
3. United Insurance Company
Address & Location: Airport Rd, Dubai, United Arab Emirates
Telephone Number: +9714 250 2501
5. Al Nabooda Insurance
Address & Location: Al Wasl Road, Dubai, United Arab Emirates
Telephone Number: +9714 312 1333
6. Al Khazna Insurance Company
Address & Location: Al Ittihad Road, Dubai, United Arab Emirates
Telephone Number: +9714 217 3333
7. Oman Insurance Company
Address & Location: Dubai Healthcare City, Dubai, United Arab Emirates
Telephone Number: +9714 363 5380
8. National General Insurance
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 211 5892
9. Methaq Takaful Insurance Company
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 260 1601
10. Dubai Insurance
Address & Location: Al Rigga, Dubai, United Arab Emirates
Telephone Number: +9714 269 3030
11. Salama Islamic Arab Insurance
Address & Location: Oud Metha, Dubai, United Arab Emirates
Telephone Number: +9714 357 7000
Insurance Consultants Dubai Location Map
Insurance is a financial institution classified as a non bank financial institution. They are important financial inter-mi diaries. It is believed to have originated from the ancient practices of inhabitants of the valleys of rivers Tigris and Euphrates in the present day Iraqi in about 4.000BC. History has it that in 1800BC, the Babylonians code of Hammurabi contained provisions which had elements of insurance in the laws that govern their commerce. But today what we have in the industry, both locally and internationally had moved from just an agreement between two persons into a very big industry across the globe.
Going by definition, we learn that insurance means a situation whereby someone protects his or herself against risk and reduce effects of uncertainties as well as distribute loss. Other explanation to this owe it to the situation whereby a certain amount of money when collected from someone by an insurance company agrees to pay a compensation or render services to that person if and whenever that person suffers the kind of loss specified in the insurance agreement; and from the explanation, this is where an insurance company comes into play since they are the people that will go into agreement with the person taking any insurance policy against any of his belongings. This industry has widely been believed as a means whereby people reduce the risk of unforeseen circumstances. As financial intermediaries, they act as middlemen between the surplus units and deficit units of the economy thereby sustaining the general growth of the economy.
One may ask, how do insurance companies generate the money used in compensating their policy holder when affected by any mishap? The answer to this question, will lead us into talking about the various means via which the insurance companies make their money and how their policy holders are compensated. The truth is that, the money they collect from their policy holder (i.e one that has an agreement with the insurance company) is invested in the form of premiums (an extra sum of money paid in addition to the normal cost of something. by BBC. Eng. dict) and that money is invested in Bonds, in stocks, mortgages (i.e house) and government securities (in our subsequent article, we will explain more of this: Bonds, stocks, mortgages and govt. securities). They generate income for themselves and those who are in their service.
They invest their policy holder’s money in better business that has short term maximum returns on investment and from there meet their numerous needs when needed in claims and losses. These funds themselves are invested, that not only do they earn interest to be added to the funds, but they also benefit the government, public authorities, and industries whose securities the investment are spread, because of the investment policy of the insurer (we will explain later), their reserve funds are not left idle butt are used productively.
Another way via which the insurance companies compensate those who are in their service is that the contribution of many is used to compensate the few among them who were affected by the misfortune insured against. So the loss of few people is share by many.
We hope that to this extend, you must have understood the above explanation about insurance company. Now the next thing we will be considering is the functions of the insurance companies.
Amongst other functions, the main function of the insurance company is risk bearing, the financial losses of individuals are judiciously distributed among many people, for example, in the case of fire, the policy holder in fire insurance pays a premium into a common pool, out of which those who suffer loss are compensated.
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