International Life Insurance: a Highly Specialised Market in Middle East
Expatriates have different needs to local residents when it comes to life insurance. Of great significance is the requirement for the insurance to be globally portable – i.e. the cover is maintained whatever country you happen to be living in sometime in the future. A good clue to the international validity of your policy will be words such as ‘global’ or ‘international’ within the product name. However, you should always check closely that the policy terms are indeed a match to your needs.
Critical Illness Cover is... Critical
It's important not to confuse Critical Illness Cover with Health Insurance. They are completely different products and serve different purposes. Most likely you will have Health Insurance already, arranged via your employer. This just pays your hospital bills (within an upper limit) in event of medical emergency or condition.
Whereas, Critical Illness Cover pays you cash - a lump sum that you can use to pay your bills and support your family, in case an accident or medical condition prevents you from working. In the Middle East, expatriates do not benefit from the strong social security we enjoy in our home country. Furthermore, statutory sick pay is negligible, and won't support us during an extended phase of treatment or recuperation.
That's why Critical Illness Cover (CIC) is so important. If we get hit with something nasty, modern medicine may keep us alive, but how will we financially support ourselves and our loved ones? A cash pay-out from a CIC policy can pay the bills - and give us choices, including to repatriate if necessary.
Making It Simple to get Quotes - to Match your NEEDS and your BUDGET
Most providers of expat life insurance and critical illness cover choose to market their products through professional advisers, to give a level of comfort that customers have had policy terms properly explained, and to ensure that the chosen product is suitable. This is as it should be, but the first questions are generally:
(i) What type of life insurance and financial protection can I get, in the country where I currently live?
(ii) How much will it cost - i.e. what can I get for my money?
This is where we come in, at ProvidentLife.me, we believe we are the ONLY one-stop-shop for expatriates in the Middle East to easily get valid quotes for their life insurance and critical illness cover needs.
More than personalised quotes - we provide you with full details of the insurance policy and it's terms, so that you can make your own decision about best options. Your quotes are provided by a regulated financial intermediary, authorised to offer relevant insurance policies in the country where you currently live. Furthermore, if you request, a specialist advisor or broker is on hand to answer any questions you have, so you can be satisfied that whatever option you choose will be the best one.
Countries We Serve
- United Arab Emirates
- Saudi Arabia
- Bahrain
- Kuwait
- Oman
- Qatar
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