Does your company provide extensive cover? Upgrading your personal coverage can be a very good idea.
An easy win for you to review your options
As an expat in the UAE, you will already be covered by your employer — thanks to Abu Dhabi legislation going back to 2006 and the Dubai Health Authority’s Mandatory Health Insurance Scheme. But is your medical cover up to scratch?
Some UAE companies have actually reduced the quality of existing medical coverage they provide for some employees in order to cover the cost of insuring the entire workforce. This makes good business sense. But where does it leave you?
Well why not find out? Review the options to upgrade your medical coverage – and you’ll be surprised what quality benefits you can obtain for just a little investment. Really top-drawer deals are available because the market is expanding and competitive. The key, as with any insurance, is to plan with your financial adviser what you need and how much you are prepared to spend – and let your trusted adviser find you the best product and start saving you money!
So what next?
You have many options. You could opt for a higher level of cover and have the cost deducted from your salary; if your employer will allow it. You could opt for an out-patient plan or ask about a top-up plan. For real peace of mind, you could consider taking out an entirely separate medical package for yourself.
Whatever you choose to do, we suggest you seek some impartial advice. Medical insurance as a UAE sector is changing fast in response to the regulatory changes, and fresh opportunities for a good deal are regularly available. You just need to find out about them and get to understand what their implications are.
Each insurance plan is different when it comes to what’s covered, what’s not, and how much things cost. You want to get the most benefits at the least cost. Start by looking at all the elements of the plan and not just the price. Look at whether your plan covers things that are important to you. For example, many plans don’t cover things like dental or alternative therapies like chiropractic or acupuncture.
Finding the right medical insurance, especially now in the UAE, can be a minefield. You can call a qualified Holborn Assets adviser for a detailed appraisal and advice at any time.
Three reasons to choose Holborn Assets for insurance
Access to the best plans
As part of our holistic approach, Holborn Assets cherry-picks the best insurance plans from our network of partners on your behalf. And, if it comes to it, you (or any beneficiaries involved) won’t need to make any claim alone. We at Holborn Assets will stand by you and shield you from the worst of any bureaucratic hassle that ensues.
Registered and regulated
Holborn Assets is registered with the UAE Insurance Authority (IA) on the brokers’ list (which is one of nine lists related to different insurance specialisms). We have satisfied rigorous criteria relating to governance and financial condition, and are therefore fully licensed to operate under the continued regulation of the IA.
Insurance occupies the bottom tier of our financial planning pyramid. Insurance grounds you. The basis of your holistic financial plan should be protecting yourself against future calamity. Insurance is a shield that protects complementary elements such as your Pension, Investments and Legacy Strategy.
Get in touch
Complete the form if you’d like to discuss Medical Insurance and how Holborn Assets can help.
History and heritage
Holborn Assets was established in 1998 and is widely considered to be the financial services company of choice in the expatriate market it serves. No other independent company can match our expertise or depth of proposition. We have therefore always felt at home headquartered in Dubai, the world’s fastest growing City State and one of the economic wonders of the world.
Holborn Assets has regulated operations in the UK, Europe, Asia and South Africa and a global administration hub employing 150 people in Sri Lanka. The corporate DNA that has underpinned our growth is simple: we are passionate about helping people put the right money, in the right place, at the right time.
We are a friendly, family company with British values of integrity and respect for all.
Don’t just take our word for it
Latest blog articles
Why you should consider a private pension
Pensions provide a regular income in retirement that replaces your monthly working salary. Read More
How Does a Recession Affect Your Investments?
Brexit chaos, leadership dilemmas and a bruised and battered pound have raised fears that the UK could fall into recession. When the Office for National Statistics released its gross domestic product (GDP) estimate for April-June 2019, recession became a real possibility. The British economy shrank by 0.2% according to ONS data, the first contraction since quarter four of 2012. Read More
What a No-deal Brexit Could Mean For Expat Pensions
Brexit – like it or not, there is no getting away from it. Since the UK voted to leave the EU in 2016, it’s a word that has dominated the headlines and news broadcasts. Nearly two weeks into Boris Johnson’s tenure as Prime Minister and all eyes are now on him and how he will handle the UK’s departure from the EU. Read More