Group Medical Insurance
Having a Medical Insurance is a mandatory requirement in Abu Dhabi and Dubai where all residents are required to have medical cover by law. There are minimum number of employees required to create a group policy or having a separate category within the policy. Selected benefits and choosing a network are the key drivers for the pricing of the group policy, in additional to claims experience if total members are more than 100.
Group Life insurance is offered by the employers as part of their employee benefits package and it covers for all the employees without going through the hassle of medical examination provided individual sum assured is within the Free Cover Limit. Group Life is similar to Individual Life Insurance but they are more economical and flexible. Core benefits can be extended to cover large sum assured with multiple categories. Key benefits are as follows: