Blog

Insurance companies in uae are requesting more details about policy buyers' medical histories, including previous surgeries and accidents. This tendency is increasing! According to insurance business executives, since COVID-19, health insurance uae rates have been climbing yearly by 15% to 20%. Insurance companies in dubai and the UAE are now putting more demands on the clients they insure.

The pre-existing medical status that was once mentioned as low-risk may now be shown more cautiously, leading to policy rejection or a high amount of premiums, adding that as a result, insureds are requested to undergo a broad health evaluation and offer lengthy documentation of their medical history to get coverage.

Due to government orders to stop all elective surgery during COVID-19, insurance companies in uae have become a little more cautious. Next to the lifting of restrictions, several insurance providers decided to undergo the corresponding operations, and all insurance companies in dubai and the UAE onboarding new clients were meticulously evaluating health insurance applications while doing so.

The insurers increased the premium for patients needing surgery, which was generally close to 100% of the original price for a typical case. For the purpose of better understanding a person's risk profile and reducing possible losses for insurance firms, insurers are now more likely to demand extensive medical records as well as extra screenings and tests.

Once, a man in Dubai over 40 faced several issues while buying life insurance because of his medical history, which mentioned pneumonia. Before accepting his insurance policy, the insurers insisted on extra medical testing and demanded a detailed explanation of his medical history.

With the arrival of an epidemic, insurance companies in Dubai and the UAE are becoming more careful when assessing the medical backgrounds of insureds, as this above-mentioned case shows. Failure to mention prior accidents or surgeries when buying an insurance policy may lead to a claim denial because it is deemed a violation of the policyholder's obligation to disclose material information.

Although this current method also existed before COVID-19, it is now more common as a result of insurance companies in uae hardening their underwriting standards in response to the shifting risk environment. In order to prevent potential claim denials, insureds are now compelled to fully disclose their medical history. Additional claim disputes and a greater understanding of the value of transparency among insureds have resulted from the increasing attention on non-disclosure. If the insured failed to disclose prior surgery, then their claim may be rejected.