(MENAFN - Khaleej Times) Backed by a robust tourism market amidst the impact left by the recent global economic downturn, the UAE's travel insurance market is poised to grow by 40 per cent in 2012, according to Dubai Islamic Insurance and Reinsurance Company (Aman Insurance), the largest Islamic Insurance provider in the UAE.
The company has revealed that the forecasted growth has given them the upbeat attitude to capture a significant share of the country's travel insurance segment.
In line with this, Aman has launched three new travel insurance products - Musafir, Shengen and the Hajj and Umrah travel insurance products - which have been designed to offer high benefits to both individuals and families at a reasonable cost.
The three insurance solutions offers key benefits like emergency medical expenses and hospitalisation abroad, transport or repatriation in case of illness or accident; emergency dental care, medical evacuation; loss of passport or official documents; advance money; delivery of medicines; relay of urgent messages; long distance medical information system; medical referral/appointment of local medical specialist; connection services; advance of funds; personal baggage & money loss and personal accident. The Hajj and Umrah Travel Insurance is an exclusive travel insurance solution that has been specifically designed for travellers going for their annual pilgrimage to Makkah and the Shengen Travel Insurance is a travel insurance solution valid and approved for travellers to any country in the Schengen European states.
"The country's travel insurance market has demonstrated key vibrancy despite the effects left behind by the global economic crisis. One of the main reasons for this continued growth is the recent development of making travel insurance a compulsory aspect of securing a travel visa to any desired country, particularly Shengen and other European countries," said Hussein Al Meeza, chief executive officer and managing director, Aman.
"The introduction of these new travel insurance policies has prompted us to develop and release three new travel insurance products that cater to both families and individuals that are planning to go abroad for a vacation or even on business.
"These strategic products give travellers the safety, security and confidence of full coverage, giving them the advantage of enjoying their trips without any hassles or worries," he said.