Best Insurance Companies In Dubai You Can Trust In 2023

Best Insurance Companies In Dubai

In the last few years, the insurance companies in Dubai have seen rapid growth, driven by increased awareness of getting insurance coverage and a thriving economy. Dubai is located at one of the strategic locations at the crossroads of Africa, Asia, and Europe has made it the center for international commerce and trade, making it quite important for individuals and businesses to get reliable insurance coverage to protect them from potential losses and risks.

The market in Dubai is quite competitive as there are a large number of international and local insurance companies available offering a wide range of services and options to cater to the needs of the customers. Read this article to find out about the top insurance companies in Dubai.

Getting insurance in Dubai is quite crucial as it also offers financial protection against natural disasters, accidents, and unforeseen events. The cost of replacing or repairing any damaged property cost for medical and legal expenses can quickly add on, making it necessary to have insurance coverage. Moreover, Dubai has some strict rules and regulations making it compulsory for businesses to have nuances such as worker’s compensation or car insurance. 

How We Selected The top Insurance Companies In Dubai?

The best and top insurance companies in Dubai have been shortlisted based on different factors like reputation, type of insurance available, customer satisfaction, reviews, and ratings and pricing. The research process consists of two major steps, analysis of the customer review and publicly available data and extensive online research.

top Insurance Companies In Dubai

The methodology used to select the best insurance companies in Dubai is selectively chosen to provide comprehensive and reliable insurance coverage with exceptional customer service and competitive pricing.

To get the important data for each company, there was online research conducted to find established and reputable insurance providers in Dubai. Further analysis was done to understand the financial stability of each company by considering the credit ratings and financial statements.

Along with that, there were other factors also considered such as quality of service, customer reviews, and satisfaction. Moreover, there was a comparison done among the type of instances offered by every company. 

Overall, the methodology used to select the best insurance companies in Dubai are reliable, offers high-quality insurance coverage, and meets the diverse needs of businesses and individuals in Dubai.

Top 10 Insurance Companies in Dubai

Here is our list of insurance companies in Dubai along with its complete information such as features and benefits, overview, pros and cons, and coverage options.

  • AXA Insurance Gulf
  • Abu Dhabi National Insurance Company (ADNIC)
  • Orient Insurance Company
  • Dubai Insurance Company
  • Daman Health Insurance
  • Oman Insurance Company 
  • Union Insurance Company
  • National General Insurance
  • RSA Insurance
  • Takaful Emarat Insurance

1. AXA Insurance Gulf

Axa insurance Gulf is the biggest and most well-known insurance company in UAE that offers a wide range of services for both individuals and businesses.

AXA Insurance Gulf (GIG Gulf )

Moreover, it is also part of the AXA group which is present in over 50 countries and is one of the largest insurance chains in the whole world.

Types of insurance services offered

AXA Insurance Gulf offers comprehensive insurance products for

  • Car Insurance
  • Travel Insurance
  • Home Insurance
  • Life insurance
  • Health Insurance

Also, it offers different insurance policies that are easily customizable based on the needs of families, businesses, and individuals. 

Key Features OF AXA Insurance

  • Offers reliable and efficient service, 24/7 customer support, and easy claim processing.
  • Have a large network of healthcare professionals making it simple for the customers to find the right service.
  • Offers additional benefits like emergency medical evacuation, alternative medicine, and coverage for pre-existing medical conditions.

Pros

  • Reliable customer support and comprehensive customer coverage.
  • Strong repudiation and well-known for offering tailor-made insurance products.

Cons

  • Policies are pretty expensive than other policy providers.
  • Limited coverage options on different plans.

2. Abu Dhabi National Insurance Company (ADNIC)

Abu Dhabi National Insurance company is one of the well-known insurance companies offering a wide range of insurance products for both businesses and individuals since 1972.

Abu Dhabi National Insurance Company (ADNIC)

Types of insurance services offered

ADNIC offers coverage plans for

  • Life insurance
  • Home Insurance
  • Travel Insurance
  • Health Insurance
  • Motor Insurance.

There is a wide range of policies available that can be customized to meet the end needs of the customers.

Key Features Of ADNIC

  • Offer a wide range of insurance coverage benefits like alternative medicine, personal accident coverage, rental car coverage, and much more.
  • They have the right medical facility available whenever needed.
  • Flexible payment plan for the customers and 24/7 Customer service.

Pros

  • Offers quality 

Cons

3. Orient Insurance company

Orient insurance company is another leading insurance company that offers a wide range of car insurance policies that offers financial protection against any third-party liabilities, personal accident cover, and physical damage caused to the car.

Orient Insurance Company

Types of insurance services offered

It offers a comprehensive range of insurance services like

  • Liability Insurance
  • Home Insurance
  • Travel Insurance
  • Health Insurance
  • Motor insurance

They offer other specialized insurance services for businesses like engineering, aviation, and marine insurance.

Key Features and Benefits Of Orient Insurance Company

  • Offers fast claims and best customer services.
  • Have a strong network of healthcare providers making it easy for parolees to find the right medical care.
  • Home insurance policy offers a lot of benefits like liability protection and personal possession.

Pros

  • Known for its fast claim processing and prompt customer service.
  • Tailor-made insurance plans, make it easier for customers to get what they require.
  • A strong network of healthcare providers to get the right medical care.

Cons

  • A lot of information is not available on the official website, making it difficult to compare the policies.
  • They have limited international coverage options available.

4. Dubai Insurance Company

Dubai Insurance company is the best insurance provider in UAE and Dubai offering several insurance products for businesses.

Dubai Insurance Company

Types of insurance services offered

Dubai insurance company offers

  • Third-party liability
  • Personal benefits
  • Medical insurance
  • Travel insurance
  • Home insurance
  • Motor insurance

Key Features Of Dubai Insurance company

  • offers affordable prices for a variety of products
  • DIC is quite known for its tailor-made solutions to meet the end needs of the customers.
  • Features to purchase online policies, and submit and track claims in real time.
  • 24/7 Emergency Support.

Pros

  • Offers comprehensive coverage including home insurance, medical insurance, e-travel insurance, and motor insurance.

Cons

  • Do not have many options for the users to purchase online policies.
  • Do not offer coverage outside Dubai and UAE.

5. Daman Health Insurance

Daman Health Insurance is the best health insurance in UAE and Dubai. It was founded in 2006 to make the UAE, a happier, healthier community.

Daman Health Insurance

Types of insurance services offered

Damn health Insurance offers a wide range of health insurance plans for businesses, families, and individuals. Some of its plans are

  • Individual healthcare insurance
  • Family Health Insurance,
  • Corporate Health Insurance
  • Essential benefits plans
  • Enhanced plans for dental care.
  • wellness programs, and vision care.

Key features of Daman Health Insurance

  • Offers comprehensive coverage for diagnostic tests, surgeries, and outpatient and inpatient treatment.
  • Affordable health insurance plans are designed to provide coverage at an affordable price.
  • Excellent customer service, offering support through a mobile application, website, and customer service hotline.

Pros

  • Comprehensive coverage plans including complete end-to-end services.
  • 24/7 customer support.
  • Insurance coverage for health screens, discounts on healthcare services.

Cons

  • Policies have limited customization facilities which might not cater to everyone’s needs.
  • People who frequently travel internationally might need to look for another plan as they do not offer international coverage.

6. Oman Insurance Company (Sukoon Insurance)

Oman Insurance company is one of the leading insurance providers in the UAE, now known as Sukoon insurance.

Oman Insurance Company (Sukoon Insurance)

They offer different insurance plans for families, businesses, and individuals.

Types of insurance services offered

OIC’s health insurance plans offer complete coverage for diagnostic testing, hospitalization, and medical expenses. These policies also cover medical healthcare emergencies and medical conditions.

Along with healthcare plans, it also offers

  • Life insurance
  • Home insurance
  • E-travel insurance
  • Motor insurance.

Key features Of Oman Insurance Company

  • Covers different health risks, personal injury, property damage, and medical expenses.
  • They have competitive pricing for various insurance products making it one of the competitive choices.
  • Offers additional perks on healthcare services and wellness programs.

Pros

  • Provide excellent customer support all around the clock.
  • Offers competitive pricing, making it the best choice for budget-conscious consumers.
  • Offers a variety of tailor-made plans per the consumers’ specific needs.

Cons

  • They don’t have a very large network of healthcare providers and are only limited to the local area.

7. Union Insurance Company

The union insurance company was founded in 1998 with a paid capital of nearly 300+ million dollars.

Union Insurance Company

The United Arab Emirates Insurance Authority has licensed this company and is listed on the Abu Dhabi Securities exchange.

Types of insurance services offered

UIC offers all kinds of commercial insurance plans for clients across the Middle East region and the United Arab Emirates. This offers flexible group and individual insurance plans so its consumers can avail best healthcare facilities in no time. 

  • Motor insurance
  • Health Insurance
  • Yacht Insurance
  • Marine
  • Property
  • Group health insurance
  • Group Life Insurance

Key Features Of Union Insurance Company

  • 24/7 customer support by experienced customer executives.
  • Offers direct billing access at nearly 1600 facilities.
  • The basic plan is to comply with DHA for working professionals.
  • Offers flexible insurance plans to cater to the end needs of the consumers.

Pros

  • Competitive pricing plan for all kinds of insurance.
  • Tailor Made policies for consumers and businesses.
  • Additional perks on different healthcare plans.

Cons

  • No or limited international coverage for a few of the insurance plans.
  • There is limited coverage on basic insurance plans.

8. National General Insurance

National General Insurance is a company listed on the DSU ( Dubai stock exchange) with a rating of “A”.

National General Insurance

Emirates NBD and Commercial bank of Dubai are the key stakeholders of the National General Insurance.

Types of Insurance Services offered

NGI offers all kinds of insurance products for

  • Health Insurance, Medical Insurance
  • Savings Investment
  • Engineering
  • Life protection
  • Construction
  • Marine
  • Motor

Moreover, it has Generali, CCR and SCOR, and Hannover Re as the reinsurance partners.

Key features of National General Insurance plans.

  • Amazing reputation for settling claims efficiently and quickly, giving relief to the profile holders.
  • Offers various digital services for payment options, claims submissions, and online poly management.
  • Roadside assistance for the motor insurance plans to give help in case of an accident or breakdown.

Pros

  • Excellent Ratings of the company.
  • Hassle-Free Insurance buying process.
  • Easy Claim declaration process.

Cons

  • Fewer insurance products when compared to competitors.
  • No online quotes which makes it challenging to compare prices.

9. RSA Insurance

RSA Insurance is an International Insurance company that has been operating since 1956 in the UAE.

RSA Insurance

Types of Insurance Services offered

It offers a wide range of insurance products like

  • Medical insurance
  • Travel insurance
  • Motor insurance
  • Golf Insurance

Key features of RSA

  • Fast Claim processing and best-in-class innovating solutions.
  • Offer 24/7 Emergency assistance.
  • Offers reliability and connects to insurance buyers.

Pros

  • Fast claim processing and hassle-free claim submission.
  • Excellent customer service.
  • Innovating Insurance solutions.

Cons

  • Higher prices as compared to the other industry leaders.
  • few of the customers have faced problems while claim processing.

10. Takaful Emarat Insurance

An Islamic Insurance company Takaful Emarat Insurance company offers a wide range of Shariah-compliant insurance products.

Takaful Emarat Insurance

Types of Insurance Services offered

They provide

  • Travel Insurance
  • Medical insurance
  • Home Insurance

Key Features Of Takaful Emarat Insurance

  • Compliant with Sharia law, and various other Islamic principles.
  • Competitive pricing makes it the best choice for people looking for cost-effective solutions.
  • Online services to purchase insurance products, and submit claims.

Pros

  • Shariah-compliant insurance products.
  • Responsible and Ethical business practices
  • Full-time customer support.

Cons

  • Fewer options for customizations as compared to competitors.
  • Sometimes it takes extra time to process the claim.

In this article, we have discussed the best insurance companies in Dubai, their key features, benefits pricing, and Coverage. Some of the best companies are Oman Insurance company, Takaful Emarat Insurance, and Union Insurance company.

Also, we have discussed the importance of having insurance as is compulsory to have motor and medical insurance in Dubai. Finally, we have covered the summary of key features of each Insurance company in Dubai along with the pros and cons of choosing the insurance company.

Frequently Asked Questions

1. Is it important to get insurance in Dubai?

Yes, In Dubai insurance can provide you satisfaction and financial protection in case of any unforeseen events, and in a few instances, the law has made it mandatory to get insurance.

2. Is it a way to buy online insurance policies in Dubai?

Yes, In Dubai insurance can provide you satisfaction and financial protection in case of any unforeseen events, and in a few instances, the law has made it mandatory to get insurance.

3. How do I select the best insurance provider in Dubai?

You need to research and compare the different insurance packages based on the key features, pricing, benefits, customer service, and product offerings.

4. Which two policies are mandatory in Dubai?

Medial and Motor insurance are mandatory in Dubai.

5. How to buy a policy online in Dubai?

You can go to the respective insurance company’s website and look for the online purchasing options for different insurance products offered by them.

A tech enthusiast turned writer with over 7 years of experience in writing about diverse topics like finance, real estate, crypto, marketing, technology, gadgets, and much more. His experience gave him the confidence and expertise to write engaging content that is easy to understand and absorb.

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