DIB and Aman tie up to offer health insurance package to DIB employees

Published December 29th, 2003 - 03:00 GMT

Dubai Islamic Bank (DIB) and Dubai Islamic Insurance and Reinsurance Company (Aman) have signed an agreement to provide DIB employees with a family of healthcare-cover packages.

The staff at DIB will be provided health insurance through two schemes offered by Aman, covering a range of Islamic insurance products and giving a variety of geographical coverage and service levels.

Aman is offering two schemes to DIB employees including Al-Shamel and Himaya. The top-of-the-range Al-Shamel is designed for senior management executives and offers worldwide coverage and up to one million Emirati dirhams ($272,260) cover per policy per year. Himaya offers regional coverage to senior and middle management executives to a cover limit of Dh 250,000.

Aman is licensed in Dubai by the Dubai Department of Economic Development to offer a range of insurance and re-insurance products, in compliance with the principles of Islamic Sharia. The company aims to reach a prominent position in the UAE insurance sector by providing customer-focused services. Last year, it saw its IPO more than five times oversubscribed. DIB and other Islamic-oriented promoters set up Aman and hold 45 percent of its capital with local investors holding the rest. — (menareport.com)