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Indemnity Insurance Brokers at the UNIBA Partners annual senior management meeting

Indemnity Insurance Brokers is a UNIBA Partner, and we recently participated in the UNIBA Partners annual senior management meeting with our Managing Director Rameeta Sethi representing us. The conference, held in Lisbon, was organized under the theme “Living with Rapid Change” and was aimed at discussing and exploring solutions that can be offered to protect the future of clients who now face unprecedented change in the current global scenario.

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Health Insurance Renewal-DHA

Renew health insurance or face Dh500 fine: DHA

Fine will be deducted automatically via the electronic system when the visa is renewed

Image Credit: Supplied Image
Dr Haidar Al Yousuf

Published: 16:42 December 24, 2017

Gulf News Report

Dubai: The Dubai Health Authority (DHA) has urged individual sponsors and company owners to renew the health insurance of their employees and dependents to avoid fines.

Dr Haidar Al Yousuf, Director of the Health Funding Department at DHA, said sponsors and company owners who violate the Dubai Insurance Law by not renewing their employees and dependent’s insurance every year will be fined Dh500 per person per month as per Law 6 for the year 2017.

He said the fine will be deducted automatically via the electronic system when the visa is renewed. Dr Al Yousuf revealed that 14 pharmacies and clinics were fined between Dh20,000 to Dh60,000 for violating and trying to manipulate the Dubai mandatory Health Insurance law.

The DHA revealed the violations were found during inspections conducted by the Authority’s Health Funding Department as well as from member complaints.

Al Yousuf said the five pharmacies were for fined for purposely disbursing more medication than what’s needed, disbursing medication that is not needed and manipulating medical prescriptions. The nine clinics were fined for conducting unrequired medical tests and manipulating financial statements.

According to the Dubai Health Insurance Law that came into effect in January 2014, the legal liability for every sponsor is to provide an essential insurance package—  fixed between Dh550 and Dh700— so that those with salaries under Dh4,000 receive adequate cover.

Earlier this month DHA announced the launch of the Basmah initiative, making Dubai the first government entity in the world to provide a complete spectrum of care from screening to treatment for three types of cancer under the basic benefit plan of the Dubai Mandatory Health Insurance Scheme.

Basmah is an initiative of the DHA’s Health Funding department and under this initiative, the basic benefit plan of the Dubai Mandatory Health Insurance Scheme now covers screening as well as treatment of breast, colorectal and cervical cancer.

Prior to this scheme, cancer coverage under the mandatory health insurance scheme as part of the basic benefit plan was limited to Dh150,000. Now, that is no longer the case. Under the scheme, those detected with breast, colorectal or cervical cancer will receive coverage from screening until treatment.

So far, more than 4 million Dubai residents are covered by the Dubai health insurance initiative.

UAE:4 in 10 people unaware of need for critical illness cover

There is still a lot of confusion surrounding a standard medical insurance and a critical illness policy among the public in the UAE, according to research commissioned by Friends Provident International (FPI).

Out of the more than 1,000 respondents polled in the survey, about 40% said the standard medical insurance provided by their employer offers them full coverage when they get a life-threatening illness, reported Gulf News citing the survey findings.

Mr Chris Divito, Managing Director for Middle East and Africa at FPI, said the results of the study are worrying, because they show that many residents assume that their company-sponsored insurance is sufficient to pay the bill in full when they lose a leg or get stricken by cancer.

He said a health insurance is designed to cover only medical expenses, and the amount of coverage is strictly correlated with the actual cost of medical treatment. If the policy holder needs long-term therapy or home-care services, for example, the standard insurance will not provide coverage.

“Health insurance does not usually provide for long-term recuperation, therapy or home-care services should they be required,” FPI said.

“People should consider critical illness insurance as a vital addition to their mandatory health insurance – especially if they have a family who would be impacted financially if they became seriously ill,” said Mr Divito.

The survey, undertaken by YouGov, was conducted between 23 August and 30 August 2017.