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Monday, December 29, 2008

Sharia-compliant health insurance plan launched in UAE

Dubai: Dubai Islamic Insurance and Reinsurance Company (AMAN) has launched a health insurance scheme in the UAE.

The new plan will offer comprehensive products that are consistent with the Sharia rules and are based on Islamic Takaful principles. It will cover all parts of the world, and provide emergency care services at all times.

The scheme, targeted to the high-end market, has two variations. The scheme includes Al Shifa Silver plan at the value of $1 million with a worldwide cover excluding the US and Canada, and Al Shifa Gold Plan at the value of $5 million covering all parts of the world including the US and Canada.

Premiums

The premium, for the gold plan is approximately $4,500 annually, and $1,500 for the silver plan with similar conditions.

Both the plans are targeted for groups only, and require a minimum of ten employees per plan. However, a plan can be tailor-made to suit the needs of the clients, according to the company.

Hussain Al Meeza, CEO and Managing Director of AMAN said that they "found out that there is an urgent need for excellent health insurance services and an increasing demand on comprehensive and non-traditional products."

The company has entered into strategic partnerships with international companies and institutions that offer health insurance.

(Gulf News)

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