Do’s and Don’t of Life Insurance Dubai

When it comes to life insurance, you may consider it less important, but the fact is that it is as significant as your health insurance. Getting the life insurance enables the ultimate protection of yours and your family, debt clearance, greater financial security, and of course, peace of mind. Surprisingly, in the latest report, it is stated that the awareness of life insurance in UAE is increasing at a rapid rate. Around 10% increment for the subscription of Life Insurance Dubai has been reported recently.

 Despite of greater life insurance awareness in Dubai, it seems that you should have a close look at what you should do and what not. Let’s begin the discussion!

1. Do # 1: Check out the basic options of life insurance

Just don’t stick to one option, explore more and more options offered by the leading life insurance companies in Dubai. Level term, decreasing term and whole of life term are the most common life insurance options. However, universal policy and critical care illness are other options too. Get the entire details and get subscribed to the most suitable one.

2. Don’t # 1: Don’t try to smoke

After reading this point, your jaws may be dropped! Well, in some of the life insurance policies, smoking (including vaping and cigars) can double your premiums. So, just stop smoking and keep yourself away from deadly diseases!

3. Do #2: decide from joint vs. single policy

If you want the life insurance for your partner too, prefer joint policy. Joint policy is much cheaper but, it has some disadvantages too. However, a single policy is a separate insurance, providing more customized cover. Ask the expert about which one is better for you.

4. Don’t #2: don’t forget to ask about taxman

You often see that in your policy in trust is written. It means that your estate is not considered as a part of your policy when you die.

So, if you’re curious to know more, just get the consultancy from Life Insurance Dubai immediately. 

Why is it important to have Yacht Insurance Dubai?

While enjoying the trip on your boat, you won’t even imagine that how much the yacht insurance is significant. Insurance is not only just a compensation measure to a specific damage, in fact, it also teaches the worth of your asset. Definitely, you don’t want to get the burden of the damage of the asset for which you’ve invested your money.

So, Yacht Insurance Dubai is all about to give the ultimate protection and compensation to what damage has done except the natural disasters. Let’s explore some unknown important key points that let you get your insurance of Yacht in Dubai ASAP.

       1.Rules can be violated

Hey, don’t get too much tensed! While thinking about the violation of the rules, your blood pressure is increasing right now, relax and stay calm. UAE marinas usually don’t accept the uninsured yacht berthing. You need to give them proof rather your boat is insured or not. And if it is not insured, then, you would pay a heavy penalty. So, prevent the violation of the rules and get secured!

2   2. Keep track of wear and tear

You should be very careful about any wear and tear of the yacht. Somehow, its performance, efficiency and safety can be reduced. Proper maintenance of the yacht is inevitable for its long-term functioning optimally.

     3. Know the geographical restrictions

What territorial limits are enlisted in your insurance policy should be considered while sailing. Ask your insurance agent about the geographical limits so that you should be aware of anything indifferent from the policy.

When subscribing to any Yacht Insurance Dubai, get the complete detail of how many types of insurance policies are available and which will suit you better. Also, don’t forget to ask your agent about what other facilities can be included by paying extra. So, yacht insurance is as important as other safety measures.  

3 Gold Tips for getting the home insurance Dubai

Nowadays, it is supposed that home insurance is a tiring task. But, actually, home is one of the biggest and valuable assets of your life.  The shelter is the basic need of everyone’s life and to take the protective measures in order to secure it completely should be your priority. Most of the people get confused when it comes to home insurance. Though, it seems that is much more important but sometimes, it becomes complicated.  You need to make very, very efficient move!

 It’s not too much easy to get the best deals regarding the home insurance. But it doesn’t mean that you can’t get any of them, you can avail the outstanding home insurance Dubai packages, only, if you follow some of the golden tips and tricks.

1.     Know the exact value of a home, know the home insurance that you actually need

Before making any blind decision, just make sure that you actually know the exact cost of your home. And, if any area in your home is damaged, know its cost of repairing because, it won’t leave a positive impact on your home insurance company.

2.     Check what the insurance covers & what not

As insurance is becoming an inevitable for everything, it’s very much significant to satisfy entirely with the terms and conditions of the policy. Of course, the damage due to the natural disasters will not be compensated, but, the damage due to water and fire become tricky somehow. Just ask your insurance agent about what are they offering and what not, because, this can save you from any future hassles.

3.     Take preventive measures, reduce the premium

 Installing the smoke detector in your home can lead to the decreased premium charges. In fact, it is estimated that by installing a simple deadbolt can decrease the premium by 5%. Is it amazing? Before subscribing to any home insurance Dubai company, get the complete information about what preventive measures can help to lessen the charges.

By following the above-listed measure, you’ll get the best available home insurance deal in Dubai without any issues. 

Top 4 Reasons Why Life Insurance in Dubai is Essential to One’s Life

As people grow older, they start to think of settling down, start a family of their own, and develop their career. Sooner, they will be able to realize that life insurance in Dubai UAE is an important part of having a secure future and sound financial plan. Life insurance is actually inexpensive, making it beneficial for anyone who wants to have them immediately. With this kind of insurance, people will feel financially protected and secured knowing that if anything bad will ever happen to them; their loved ones wouldn’t have to worry about finances. This article highlights the importance of having life insurance.

To Protect Your Loved Ones and Family

If your family depend on you financially for their livelihood, then having a life insurance is essential, since it replaces your monetary support when you die. Most importantly, this is essential for parents of younger children or teens who would find it hard to sustain themselves if they have no provider left. You’ll also need to provide money to cover the household costs like hiring someone to do day-to-day house chores, such as laundry, cleaning, cooking, childcare, and everything else that your growing family needs.

Creating an Inheritance

You can be able to create an inheritance through investing in full life insurance coverage plan and make your dependents as beneficiaries. This way, you can provide your family and loved ones with a sound financial future and provide them for any financial needs that will arise.

Paying Off Debts and Covering Other Expenses

Aside from providing support to cover daily living expenses, life insurance would also pay off outstanding debts and other expenses including credit cards, mortgage, car loans, and more. This would also cover funeral arrangements and burial costs which can sometimes. In addition, debts can cause a huge burden and a lot of pressure to your loved ones aside from dealing with the emotional stress.

Peace of Mind

No certain amount of money can replace a person. However, more than anything, life insurance Dubai can help provide protection and security for common financial uncertainties in life. Obviously, having life insurance will bring peace of mind to you and your family. 

Why Car Insurance in Dubai is Important

One of the most important types of insurance that most people need is car insurance. Unfortunately, most people now a day’s feel that they don’t need car insurance in Dubai UAE until they found themselves in a vehicular accident. They continually try to do something for instant gratification, not thinking that nothing in this world is risk-free.

It is tremendously important that vehicle owners possess car insurance in order to protect themselves in the event of car accidents. It doesn’t only protect you because it also protects other people involved in an accident – making it very crucial.

Usually, coverage is on a per-car basis; therefore, anyone responsible for the car at any given time is fully covered. However, many car insurance brokers offer personal coverage as well, so if you’re riding in a friend’s car and unfortunately an accident happened, you are still completely covered, even though you’re not in your personal car.

Factors to Determine Your Insurance Premium

Nowadays, a wide variety of car insurance is available depending on what kind of coverage you want.  If you want to have full coverage, you can choose to protect yourself against fire, theft, and physical harm. The insurance agent or broker through which you prefer to buy your car insurance can help you in choosing the most appropriate car insurance policy for both your own personal needs and budget.

Your payment is considered as the insurance premium. It can be paid depending on the arrangements you have negotiated with your chosen insurance company. The following are some of the many factors to determine the amount of an insurance premium:

·         Age

·         Occupation

·         Sex

·         Driving history

·         Type of vehicle you drive

·         Distance you drive

For example, if a person drives an expensive luxury car, he or she can count on paying a much larger premium compared to someone who drives a sports car, economy or low-cost vehicle.

Car insurance Dubai is especially crucial for anyone who uses their car on a daily basis, or commuters. From teenagers to seniors, if you drive your vehicle regularly, auto insurance is very important. In terms of protection, nothing is more necessary than car insurance.