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Insurance sector of Dubai: a profitable sector providing safety and security to residents of Dubai

By Andy Robert Subscribe to RSS | January 25th 2012 | Views:

Dubai has adapted a westernized life style with immigrants from all over the world. The rapid growth of city has attracted investors from all different sectors of business sector. The interest of government of Dubai in attracting investors from all sectors of business has opened many new opportunities in different sectors. Insurance is not promoted keenly in many Muslim countries and is taken as prohibited by many Muslim scholars but as mentioned above the western influenced culture of Dubai has accepted many new things from western society and same is the case with insurance. Government of Dubai has taken keen interest in investing in insurance sector and has promoted many national and international companies to invest in Dubai’s insurance sector. As a result of this, the insurance sector of Dubai has shown great progress and very shortly it has become one of the most profitable sectors in Dubai’s vibrant economy.

Insurance companies have not only contributed in economic development of Dubai, rather it is considered as one of the most important sector regarding secure living of residence of Dubai. Government of Dubai is encouraging its residence to get insured through different insurance policies and also made many compulsion regarding insurance policies. Many insurance companies in UAE are providing diverse sort of insurance to residence of Dubai enabling them to get all insurance from same company. All the insurance companies in UAE are registered and recognized by government of Dubai providing complete security from any mishap that might happen with any insurance company. Getting different insurance policies from one company enable a person to many discounts and cuts in monthly premiums benefitting them in great way. Car insurance UAE is one of the most important and expandable insurance sector in Dubai’s insurance sector. The impulsion of Dubai car insurance has benefitted many car insurance UAE companies enabling them to make maximum profit and at the same time providing great services to their customers. The fierce competition due to the inclusion of many national and international companies has dropped the premium rates and many companies offered different discounts to customers for luring them to get insured from their company. The service and coverage provided by Dubai car insurance companies can be compared to best of the world, providing maximum coverage range at low and flexible premium rates. Altogether there are 26 car insurance companies working in Dubai each one with giving multiple insurance like medical insurance Dubai and life insurance Dubai. Many Dubai car insurance companies come hand to hand with medical insurance Dubai as both type of insurance has been made impulsive by government of Dubai. One can always search online at different sites for all the details and quotations offered by different insurance companies. Having details of all the insurance companies enable a person to decide best suitable insurance policy with the right amount of coverage needed for the safety and security.

Andy Robert - About Author:
Author Bio Andy Robert is a reputed motor vehicle insurance quotes agent, and has been working in the local uae health insurance business for the last five years. He has worked as a consultant with a number of reputed financial institutions, and is currently residing in Abu Dhabi.

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