Low penetration rate for life insurance
According to a study by Zurich International Life, 64% of UAE residents have no life insurance policies to protect their families against sudden reduction of income in case of death.
The study also shows that for the 66% of those who underwrite such a policy, the coverage underwritten remains insufficient as it covers only two or three years of salary. More worryingly, 60% of those households with a child do not have life insurance. Finally, only 20% of the residents of the country have purchased disability insurance.
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Tue, 03/06/2014 - 09:01
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