Insurance Association: covers the costs of quarantine and treatment for a period of two weeks
The price of the travel insurance policy for "Corona" is 900 dirhams
Farid Lotfi: “The insurance companies operating in the market are efficiently responsible for the spread of (Corona).”
The Emirates Insurance Association stated that the price of a travel insurance policy for a single trip ranges between 600 and 900 dirhams. .
The General Secretary of the Association, Farid Lotfi, said that the insurance companies operating in the market were and still bear their responsibility with high efficiency towards the spread of the Corona virus, as they provided comprehensive insurance coverage, whether they were local or foreign companies.
Lotfi explained to "Emirates Today" that travelers have two options for insurance against injury, the first is through airlines that have announced providing it with the travel ticket, while the second option is to purchase a document directly from the insurance companies that provide this product, indicating that it does not take minutes. To complete the transaction.
He pointed out that the insurance sector in the UAE is the largest in the Arab world, whether in terms of the number of companies operating in the market, which amounts to 61 companies, or at the level of the premiums, explaining that the UAE’s share is 40% of the insurance market in all Arab countries.
Lotfi emphasized the vital role of the sector in ensuring individuals and properties against various risks, pointing out that the total written premiums reached 44 billion dirhams, while the volume of investments amounted to about 69 billion dirhams during the past year.
He added that the latest indicators announced by the Insurance Authority indicate that insurance companies have paid claims related to the Coronavirus, totaling about 134 million dirhams, until the end of July of this year.
There are two options for injury insurance, the first is through airlines, and the second is purchasing a policy.
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