Do you want to know about the best insurance companies in the United Arab Emirates (UAE) so this is for you, in this article we will provide you a list of insurance companies that can help you to find the perfect companies in the UAE to suit your needs and your budget without the getting lost in the complex language and the long clauses.
We want to create an environment in which you could compare insurance online that is customized to your requirement.
Buying the insurance is one of the basic needs of an individual and insurance providers are the fundamental to an economy, these companies in the United Arab Emirates (UAE) safeguard you from the unforeseen events that you may come across in your business, life, health, and other more. There are different types of insurance companies in the United Arab Emirates (UAE), that offers a wide variety of insurance products like life insurance, health insurance, car insurance, and so on. There are a plethora of policies that are offered by different providers, banks, and brokers, choosing an adequate general insurance policy among them can be a baffling task for any individual.
It is imperative to have an understanding of the provisions of the scheme and the market presence of providers, to choose the one that meets most of your preference. It can be decided to depending upon the Incurred Claims Ratio (ICR) which indicates the financial capabilities of the insurance companies in Dubai and the ability to pay against the claims. You can also analyze on the basis of policy benefits, the additional covers, and the deductibles, and the limitations.
It’s recommended to check the policy document and wording as the general insurance policies may vary when it comes to the comprehensive coverage, before the setting on the particular plan or insurance company in the United Arab Emirates (UAE).
• Abu Dhabi National Insurance Company (ADNIC):
Abu Dhabi National Insurance Company based in the United Arab Emirates (UAE), has a first-class reputation in protecting for unpredictable through first-class health insurance, life insurance, and more. It is the composite insurance company, securing safety since 1972. The strong team (400-person) offers you comprehensive solutions in both personal and corporate insurance, each of which is fully customizable to the client’s needs. As of May 2015, ADNIC is the third-largest insurer in the country.
• Al Ain Ahlia Insurance Company:
Al-Ain AhlIa Insurance Company is a UAE-based shareholding company founded was in 1975 as one of the first insurance companies to operate in the United Arab Emirates (UAE). On 9th December 2000, it was listed in Abu Dhabi Stock Exchange. The company underwrites all classes of insurance activities, including motor, engineering, health and life, marine, property, or more as well as reinsurance services.
• Emirates Insurance Company (EMINSCO):
Emirates insurance company also is known as the (EMINSCO) was established in 1982, with over 30 offices and more than 250 employees’ staff across the region, it is the leading insurance provider. Their uncompromising transparency and ethical principles are at the cornerstone of every insurance policy they provide, including the group medical insurance to the oil and the gas insurance. It caters to corporate insurance needs and domestic health insurance to home insurance for your individual needs.
• Oriental insurance company:
The oriental insurance company is the insurance company was founded in the year of 1947. It has decades of experience in providing tailored insurance solutions to individuals and corporate. Their range of protects includes health, travel motor, and so on.
• Dubai National Insurance and Reinsurance (DNIR):
DNIR is the public shareholding company was established in 1991and was one of the first insurance companies to be listed in the Dubai Financial Market (DFM), Dubai national insurance and reinsurance has the provided a high level of insurance products and is backed by the leading international reinsurers like SCOR, Swiss Re, and Munich Re.
• Oman Insurance Company (OIC):
Oman insurance company established in 1975, offering a wide range of personal and corporate insurance options, Oman Insurance Company is one of the most widely respected insurance companies in the Middle East. Majority owned by the Mashreq bank, one of the UAE’s leading financial institutions. It has operations across the most emirates in the UAE, as well as in Oman, and Qatar, and the subsidiary in turkey.
• Al Fujairah National Insurance Company (AFNIC):
Al Fujairah National Insurance company (AFNIC) was established in the year 1976 and has offices in Abu Dhabi, Dubai, Sharjah, and Dibba. Their range of insurance products for customers includes worldwide personal accident insurance, home insurance, liability insurance, automobile insurance, property, and medical insurance.
• Al Buhaira National Insurance Company (ABNIC):
Since 1978, Al buhaira national insurance company providing their high level of service to their customers, their commitment to new technologies and excellent customer services has created a wide range of innovative insurance solutions for both personal and corporate insurance customers. Their portfolio of insurance policies includes motor insurance, family medical insurance, home insurance, travel insurance, liability insurance, and group life insurance.
• Al Wathba Insurance:
Al Wathba insurance has over twenty year’s experience in proving the excellent insurance policies to the UAE, it was founded in the year of 1996 ( headquarter is in Abu Dhabi) Their dedicated team of professional staff can help you to find the insurance package for your need. Whether you are looking for corporate insurance including fire or general accident insurance, engineering insurance, or you are looking for individual insurance like motor insurance home or travel insurance, they have the insurance solution for you.
• Al Sagr National Insurance Company (ASNIC):
Al Sagr National Insurance Company (ASNIC) is an Emirati based company in Dubai, it was founded in 1979. It uses state-of-the-art expertise, unique solutions, national talents, and the resources to offer customers the very best options for the insurance across the range of products including medical insurance, marine insurance, property insurance, and engineering insurance. Their professionalism has made them one of the leading insurance companies in the region
• Takaful Emarat Insurance:
Takaful Emarat Insurance Company established in 2008, it is a leading shariah-compliant life and health takaful provider in the United Arab Emirates (UAE).
It markets a wide range of individuals, corporate life, and health. It’s products including savings, protection, and investment plans through a variety of distribution channels. The customers looking for innovative insurance solutions that are fused with their values and the culture can find it with the Takaful Emarat Insurance Company.
• National General Insurance (NGI):
National General Insurance (NGI) established in 1980, leading composite insurance in the United Arab Emirates (UAE), recognized as the fully accredited national insurance, publicly quoted and listed on the Dubai Stock Exchange, having financially sound and prominent emirates NBD and Commercial Bank of Dubai as the key shareholder and related “A-(Excellent)” by AM best It believes in providing excellent levels of the customer services at every step of the insurance purchasing process. National General Insurance offers multiple ranges of products and expertise including but not limited to the motor, property and casualty, construction, savings, Engineering Life Protection, investment, and health or medical insurance.
• Insurance house UAE:
It offers an extensive collection of insurance solutions including both individual and corporate insurance, across the UAE, insurance house was founded in 2011. Their priority remains in creating tailor-made insurance policies that meet local requirements and have an international standard of services.
• Alliance Insurance:
Alliance Insurance is one of the leading providers of insurance and reinsurance in the United Arab Emirates (UAE), established in the year 1975. Provide the dynamic level of customer services, whether you need the individual, personal, or professional corporate insurance for your small business. It gives you the level of confidence that goes far beyond what’s written in the policy document, they only work with world-class reinsurance partners, leaving you safe in the knowledge that their products give you the highest standard of security.
• Zurich International Life:
Zurich international life is a company, with a global reach; it has one of the best insurance company reputations for providing the individual tailored insurance solution to a wide range of customers, both individual and corporate. Their insurance policy options include savings and investment insurance and comprehensive protection insurance for the individuals who wish to protect their family’s futures.
• American Life Insurance Company (METLIFE):
It is the holding corporation for the Metropolitan Life Insurance Company (MLIC) known as MetLife, was established in 1868, offers compliant healthcare insurance plans for both locals and expats, as well as individual and corporate insurance their expert team provides customized insurance solutions that can be tailored to meet your requirements whatever they may be from protecting your finance with the saving and investment insurance to the safeguard your family with accident insurance. It has a wide range of insurance to choose from.
• Abu Dhabi National Takaful Company:
Abu Dhabi National Takaful Company was established in 2003, its aims to strive for excellence in providing insurance solutions that are the industry and regionally specific, and they also intend to evolve their insurance products to meet the needs of the customers in both services and values. Its range of products includes fire takaful insurance, motor takaful insurance, and others. Listed on the Abu Dhabi Securities Exchange in 2005.
• Islamic Arab Insurance Company (SALAMA):
Islamic Arab Insurance Company also is known as the SALAMA it is takaful based in Dubai (UAE). It was established in 1979 and is listed on the Dubai Financial Market. Offering the products include family takaful insurance such as the whole of life insurance and term plan insurance and general takaful insurance. Its subsidiary, Best Re, is one of the largest Takaful companies in the world. This company won the Best Takaful Company (Middle East) at the 2012 International Takaful Awards. it is one of the leading Sharia Law compliant insurers in the region, SALAMA insurance Dubai is the largest Takaful and re-takaful insurance company.
• Adamjee Insurance Company Limited (AICL):
Adamjee insurance company is one of the largest general insurance in Pakistan, offers a wide range of insurance policies. The main insurance products include fire and property insurance. Travel insurance, health insurance, personal accident insurance, and agriculture insurance.
It was established in 1960 and listed on the Pakistan Stock Exchange Limited.
• Friends Provident International:
Friends provident international is a global company that has 40 years of experience in providing competitive life insurance and investment products, distributed through their financial adviser partners.
It was founded in the year of 1978, offering a range of products in protection, saving, and the single lump sum investments to help the customers meet their long term financial needs.
Over the year, their expertise and experience have been recognized for delivering award-winning products and services. At the 2019 International Adviser Awards, they received the award for the best international production (Life) plan.
• State Life Insurance Corporation Of Pakistan:
State life insurance corporation of Pakistan, also known as state life or SLIC. It was founded in the year of 1972 the products of a merger of 32 companies, offered a range of the life insurance policies both for individual and insurance purposes and corporate insurance.
Its life insurance plans include in the whole life assurance, sadabahar plan insurance, and endowment assurance. And their group life and pension insurance plans include the term, group endowment insurance, and provident fund insurance.
• Al Hilal Takaful Company:
Al hilal takaful company is the company for Islamic customers looking for takaful insurance options. it is an excellent choice for your insurance needs by aligning their company with the values of the Islamic culture, they can offer the customers insurance solutions that are fair and transparent from the travel to motor insurance corporate trade credit to general accident insurance.
• Methaq takaful insurance company:
Methaq takaful insurance company which means “Agreement” it is a public insurance company that was founded in the year of 2008, it believes in the agreement between the customers and them that they will provide the highest levels of customer services. The wide range of insurance solutions, that are flexible and tailor-able and align with the cultural traditions. Options including critical illness insurance to residence plus package insurance and the employee benefits cover to corporate motor fleet insurance.
