A recent report state that most residents in the UAE don’t buy travel insurance when they go abroad. There are around 10 insurance companies in the UAE that offer travel insurance plans, yet the uptake is very low.
According to research by Zurich Insurance, more than half of UAE residents have never bought travel insurance. Of the UAE residents surveyed, 58% indicated that they had never bought travel insurance, while 32% said they did so on occasion.
“The reason for low uptake in our experience is primarily due to the fact that a large amount of trips abroad for the UAE residents tends to be travel back to home country and they assume that they may not require emergency medical coverage when they are home,” said Nilanjana Ghosh, head of marketing and communications for the UAE and Bahrain at RSA Insurance.
A high percentage of residents in the UAE are expatriates — they travel home during the holidays.
Another factor for the low uptake of travel insurance plans is a lack of awareness of the benefits it offers to travellers, Ghosh said. Travel insurance covers flight delays, baggage loss and medical expenses, among other things.