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Insurance services are a very important part of everyday life for people living in the UAE. Most residents in the UAE might have bought at least one type of insurance product in his/her life. It could be either car insurance, health insurance, travel insurance, to name a few. The biggest hurdle while buying an insurance product in the UAE is to find insurance products at the best price available. Mentioned below are some of the best ways to find and buy affordable insurance products in UAE:

Cut the Add-ons

The best way to ensure that the policyholder gets a good bargain is by ensuring low to no Add-ons for the bought policy. When selecting a policy make sure to read the inclusions and exclusions list thoroughly. Make sure that the elements that you require are in the policy inclusive list. If the policyholder's requirements are in the inclusion list then he/she need not have to pay extra for add-ons. This strategy will significantly reduce the overall policy cost.

If an ideal policy does not exist it is always an option to compare different combinations of add-ons that could produce the best combination at the cheapest price.

Family Insurance vs Individual Insurances

This particular point is most valid for health insurance products. Most health insurance providers in the UAE offer family and individual health insurance products as part of the product portfolio. Family insurance is a one-stop insurance product that will cover the entire family of the policyholder with just one policy.

Family insurance products are relatively cheaper than individual insurances combined. Hence an excellent product for people who are looking to insure their entire families at an affordable rate. If you are looking for affordable health insurance in UAE for your family make sure to check out family health insurance plans.

Increase your Deductibles

The most common method used to reduce the insurance premium of a policy is by boosting the deductible portion of your policy. Deductibles are the amount the policyholder has to pay from his/her pockets while making an insurance claim. Higher deductibles translate to lower premiums and vice versa. Take expert advice on the percentage of deductibles best suited to your policy and make appropriate decisions.

Take Advantage of Non-claim Bonuses

Non-claim bonuses are offered by insurers to the policyholders as a reward for not raising any claims during the insured period. These benefits can vary from one insurer to the other. It usually revolves around 10 to 50 percent depending on the number of years the policyholder has not raised any claims.

Compare and Contrast the Various Plans Available in the Market

While looking for insurance the prospective policyholder must search online and offline resources to find out about the various insurance product options available in the market. Once the policyholder identifies these alternatives, compare the same with other policies and come to an informed conclusion.

The prospective policyholders can take the help of an insurance aggregator like Policyhouse.com to find and compare the various insurance products available in the market. Afterwhich, the buyer can narrow down the insurance product that ticks all the right boxes. For example, if you are looking for car insurance in Dubai, you could go to an insurance aggregator and search for policies offered in Dubai. There is an option to compare and contrast the different options to come to a well-researched conclusion. A well-researched policy ensures better satisfaction to the policyholder as it meets his/her requirements.