Finance

Insurance Companies in Dubai : Insurance Agents in Dubai : List of Insurance Agents in Dubai with Contact Details

Insurance Companies in Dubai : Insurance Agents in Dubai : List of Insurance Agents in Dubai with Contact Details. Choose from the best insurance agents in Dubai and compare prices, cost and reviews. Find the best price for insurance in Dubai UAE. Compare how insurance cost in Dubai and save money.

Many people are still under the impression that the polices are still practiced the old ways and are uncertain about taking an insurance policy for the simple fact that they feel they will have to go through a lot of formalities for this. Now days the process of getting an insurance has changed and it is made a lot easy to get a policy. There are two ways by which you can get a insurance policy. One would be by getting it yourself via the insurance broker website and the other option would be to hire a good agent to finish the deal for you.

Now a days, there are many people who are choosing as a career option because the income is steady and good. When you have decided to choose life insurance as a career, you need to be aware of few key aspects. Life insurance agents also referred to as sales agents. There are many people who don’t like to be called insurance sales agents because of the word ‘sales’. Like any other sales person, the insurance agent is also a sales person for the company.

The same time the agents are not merely sales persons unlike the sales persons they do not try to sale or push off the product the insurance agents also give good advice to their customers. So, it can be concluded that the insurance sales agents can be termed both as a sales person and a financial adviser. And because of this many feel that they will need to have a financial background to become an insurance agent. This is not a must but it is often preferred if the person is well-informed about the finances and the finance domain. An agent will have to gratify a wide range of customers.

The job of an insurance agent is not only to give financial advice or sell insurance to individuals, but an insurance agent often deal with not only individuals but families and corporate businesses too. There are two categories of insurance agents, the first category is the one who deals with captive insurances and the second category is the independent agent. When you wish to pursue your career as a agent then you can choose the category you will want to specialize in. Many people prefer the second category of the independent insurance agent.

List of Insurance Agents in Dubai

Find the top Insurance Agents in Dubai with name, contact telephone numbers, email addresses, websites, Facebook link, location map, driving directions, deals, offers, prices, costs, coupons, vouchers, reviews and ratings. Find bellow list of Insurance Agents in Dubai UAE.

1. National General Insurance
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 211 5892
Category: Insurance

2. Methaq Takaful Insurance Company
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 260 1601
Category: Insurance

3. Dubai Insurance
Address & Location: Al Rigga, Dubai, United Arab Emirates
Telephone Number: +9714 269 3030
Category: Insurance

4. Salama Islamic Arab Insurance
Address & Location: Oud Metha, Dubai, United Arab Emirates
Telephone Number: +9714 357 7000
Category: Insurance

5. Oriental Insurance Company Limited
Address & Location: Bur Dubai, Dubai, United Arab Emirates
Telephone Number: +9714 353 8688
Category: Insurance

6. AFIA Insurance Brokerage Services LLC
Address & Location: Dubai, United Arab Emirates
Telephone Number: +9714 421 5819
Category: Insurance

7. United Insurance Company
Address & Location: Airport Rd, Dubai, United Arab Emirates
Telephone Number: +9714 250 2501
Category: Insurance

8. Al Nabooda Insurance
Address & Location: Al Wasl Road, Dubai, United Arab Emirates
Telephone Number: +9714 312 1333
Category: Insurance

9. Al Khazna Insurance Company
Address & Location: Al Ittihad Road, Dubai, United Arab Emirates
Telephone Number: +9714 217 3333
Category: Insurance

10. Oman Insurance Company
Address & Location: Dubai Healthcare City, Dubai, United Arab Emirates
Telephone Number: +9714 363 5380
Category: Insurance

8. National General Insurance
Address & Location: Deira, Dubai, United Arab Emirates
Telephone Number: +9714 211 5892
Category: Insurance

Insurance Agents Dubai Location Map

Insurance is a financial institution classified as a non bank financial institution. They are important financial inter-mi diaries. It is believed to have originated from the ancient practices of inhabitants of the valleys of rivers Tigris and Euphrates in the present day Iraqi in about 4.000BC. History has it that in 1800BC, the Babylonians code of Hammurabi contained provisions which had elements of insurance in the laws that govern their commerce. But today what we have in the industry, both locally and internationally had moved from just an agreement between two persons into a very big industry across the globe.

Going by definition, we learn that insurance means a situation whereby someone protects his or herself against risk and reduce effects of uncertainties as well as distribute loss. Other explanation to this owe it to the situation whereby a certain amount of money when collected from someone by an insurance company agrees to pay a compensation or render services to that person if and whenever that person suffers the kind of loss specified in the insurance agreement; and from the explanation, this is where an insurance company comes into play since they are the people that will go into agreement with the person taking any insurance policy against any of his belongings. This industry has widely been believed as a means whereby people reduce the risk of unforeseen circumstances. As financial intermediaries, they act as middlemen between the surplus units and deficit units of the economy thereby sustaining the general growth of the economy.

One may ask, how do insurance companies generate the money used in compensating their policy holder when affected by any mishap? The answer to this question, will lead us into talking about the various means via which the insurance companies make their money and how their policy holders are compensated.

The truth is that, the money they collect from their policy holder (i.e one that has an agreement with the insurance company) is invested in the form of premiums (an extra sum of money paid in addition to the normal cost of something. by BBC. Eng. dict) and that money is invested in Bonds, in stocks, mortgages (i.e house) and government securities (in our subsequent article, we will explain more of this: Bonds, stocks, mortgages and govt. securities).

They generate income for themselves and those who are in their service. They invest their policy holder’s money in better business that has short term maximum returns on investment and from there meet their numerous needs when needed in claims and losses. These funds themselves are invested, that not only do they earn interest to be added to the funds, but they also benefit the government, public authorities, and industries whose securities the investment are spread, because of the investment policy of the insurer (we will explain later), their reserve funds are not left idle butt are used productively.

Another way via which the insurance companies compensate those who are in their service is that the contribution of many is used to compensate the few among them who were affected by the misfortune insured against. So the loss of few people is share by many.

We hope that to this extend, you must have understood the above explanation about insurance company. Now the next thing we will be considering is the functions of the insurance companies.

Amongst other functions, the main function of the insurance company is risk bearing, the financial losses of individuals are judiciously distributed among many people, for example, in the case of fire, the policy holder in fire insurance pays a premium into a common pool, out of which those who suffer loss are compensated.

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