Health insurance rules in Dubai require all companies to provide insurance to cover their employees’ basic medical costs. The good news is that group health insurance is offered in Dubai by hundreds of insurance providers. Nonetheless, the majority of firms base their decisions mostly on the insurance premium or cost.

 They frequently overlook other crucial factors that could maximize their return on investment when buying employee group health insurance in Dubai. The most crucial information about getting group health insurance for your employees is offered by our insurance experts in this article.

Why Is Employee Group Health Insurance Important in Dubai?

• Compliance with laws

Businesses that violate the insurance laws in Dubai face severe penalties. Making sure that your staff members are protected by employee insurance in Dubai will help you avoid legal trouble.

• Employee satisfaction

When your support comes in the form of quality health insurance coverage, your staff will be able to work worry-free and with more peace of mind. Additionally, it will maximize job satisfaction and your company’s total productivity.

• Increased retention

The issue of employee attrition is quite important. With healthcare expenses rising daily, providing a complete health insurance package to your employees will make them feel more valued. Long-term, this will maximize your worker retention rate.

• Talent attraction

When professionals are searching for a new job opportunity, health insurance is frequently a major factor. Making sure your corporate health insurance plans are competitive can help you attract more talent for your Dubai firm.

• Benefits related to taxes

You might get tax deductions for your group health insurance Dubai if you plan wisely. For your company, this can result in significant tax savings.

Which employee group health insurance plan in Dubai is the least expensive?

The least expensive plan offered to employees making less than AED 4,000 a month is the DHA’s Essential Benefits Plan (EBP). Each employee normally pays about AED 650. The price and benefits will be the same regardless of which insurance provider in Dubai you choose.

There is an enhanced benefit version of the EBP available for employees earning higher monthly pay. It is somewhat more expensive (per employee, about AED 850).

Which employee group health insurance plan in Dubai is the best?

You can provide greater security for your employees by investing more in their health coverage above and beyond the minimum requirements for health insurance. You can usually get good employee group health insurance in Dubai for your team for between AED 1,500 and AED 5,500 per employee, depending on your needs and budget. 

Some businesses also choose to provide their workers with the best insurance coverage available, such as the Comprehensive Employee Group Health Insurance Plan in Dubai. 

This is far more expensive, but if there are enough employees to qualify for the policy, the company can get a sizable reduction on the premium, making the expense of employee health insurance more manageable overall.

How Does Employee Group Health Insurance in Dubai Work?

• Healthcare Insurance Coverage 

In Dubai, employee group health insurance provides a wide range of benefits. Nonetheless, the majority of policies pay for prescription drugs, pre- and post-hospitalization fees, diagnostic testing, treatments, and consultations. 

Furthermore, costs related to maternity services, minor surgeries, vaccines, childcare treatments, outpatient consultations, specialized surgeon fees, and immunizations may also be covered.

The majority of companies choose to implement benefit plans that include dependent family members such as parents, children, and spouses. 

However, if the employer only provides insurance to the employee, the employee will be required to purchase extra policies on his own to ensure that, in accordance with Dubai legislation, all members of his family are covered.

• Variables Impacting the Premium

Keep in mind that you are responsible for paying the employee group health insurance premium in Dubai as the owner of the company. This sum cannot be subtracted from the wages you give your employees. The insurance premium amount is determined by a number of factors, including:

• The number of employees to be insured

• Insurance coverage per employee

• The average age of employees

• The average salary of employees

• Industry to which the business belongs

• Coverage for dependent family members of the employees (if any), and 

• The total amount made in claims in the previous year.

Employee Benefits in Tiers

Every employee will have different insurance requirements. For instance, pre-existing condition coverage may be more beneficial for older employees, whereas maternity and childcare benefits will be more beneficial for younger employees. 

Workers who regularly visit nations where health insurance is required by law will also need different types of insurance than those who don’t travel as much. Therefore, it’s a smart idea to find and group your staff based on their insurance requirements. 

By doing this, you may increase your investment in employee group health insurance in Dubai and significantly minimize your premium overall. It will also result in maximized employee satisfaction and insurance utilization.

We trust that the details and perspectives provided above about employee group health insurance in Dubai will enable you to make an informed decision regarding safeguarding the well-being of your employees. 

At CRI, we’ve supported many companies in finding their staff the best employee group health insurance in Dubai. We are committed to providing you with the highest level of professionalism and support if you need assistance with anything relating to insurance. 

Our team is also ready to provide employee benefits with our group health insurance. In order to find out more about us, visit our website or dial us.

Click and Get Group Medical Insurance For Employees in UAE Read latest blogs: Travel Insurance for UAE Residents: An Ultimate Guide