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Personal health insurance is an important tool to protect yourself from any unforeseen medical expenses in the future. Medical treatments can be very expensive in the UAE especially for people living in the middle and lower sections of society. Having medical insurance can help people absorb any financial shocks arising from treatments in the UAE. Hence it is important to consider health as an investment rather than an expense.

Mandatory Insurance and Its Limitations

Although medical health insurance is a mandatory requirement in Dubai and Abu Dhabi it might not cover all the requirements of an individual or his/her family. Employers as part of the mandatory law offer some of the basic insurance products available in the market to satisfy the legal requirement. Even though there are exceptions to the same in most cases (especially in the case of the expatriate population) the health insurance offered underserves the person's requirement.

Why buy Personal Health Insurance

The simplest reason to buy health insurance is to insulate the policyholder from the aftershocks of a huge medical bill. The next best reason would be to ensure that there is a wide network of partner hospitals spread across the UAE to offer cashless claim benefits for your treatment. Furthermore, as a customer, you can specify your policy to meet your requirements. If you wish to get the insurance that will cover medical expenses abroad you could do so by buying an add-on or simply looking for an insurance policy that covers the same as part of their inclusion package.

Conclusion

Buying personal health insurance is an excellent opportunity to protect your personal wealth from eroding without compromising on the standard of living and purchasing power. It is a perfect gift that you can buy for yourself or for your dear ones.