January 6, 2022

Aman awarded participating insurer status by DHA

categories : islamic finance

Dubai Islamic Insurance & Reinsurance Company (Aman), the pioneering UAE Takaful Insurance provider has been awarded Participating Insurer (PI) status by the Dubai Health Authority (DHA) with effect from January 1, 2022.

The selection of a Participating Insurer is following an intensive evaluation against the standards set by DHA, which are much higher than those required for the DHA Health Insurance Permit. The selection criteria assess the insurance company's ability to provide cost-effective insurance coverage and handle large volume of business while maintaining a proven track record of operational efficiency and customer service.

Aman's qualification as a ‘Participating Insurer’ makes it one of the few insurance companies in the UAE that can offer the ‘Essential Benefits Plan’ (EBP) under the Dubai Health Insurance Law No. 11 of 2013.EBP was created to ensure quality insurance protection to all Dubai Residents, especially for the segment of workers with a monthly income of AED4,000 ($1,088) or less.

Dr Saleh Al Hashemi, Chairman of Aman's Board of Directors, said: “This is another example of how Aman is working to expand its customer segment and provide quality Takaful solutions to the underserved and low-income groups, with the aim of promoting inclusion and creating shared value for all our stakeholders and the community at large.'

Aman’s Chief Executive Officer, Jihad Faitrouni, said:'Qualifying as a DHA authorized ‘Participating Insurer’ is indeed a great milestone for Aman and demonstrates the depth and breadth of our offering and our ability to provide affordable quality insurance solutions in a way that allows us to reach all members of the community – particularly those on low income and the most vulnerable. This underscores our goal as a Takaful company to provide a wide range of Islamic insurance services that support the stability and security of our communities.'

The EBP package covers many services including in-patient treatment at authorized hospitals, maternity, emergency, medical tests, referrals, medication etc.

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