Oman Insurance Company is a well-recognised insurance provider in the Middle East region. The majority of leading hospitals and clinics work with Oman Insurance Company, and are therefore are aware of the policy procedures to ensure efficient claim submissions. SME plans are well priced and flexible, allowing a choice of 3 categories, networks, deductibles, annual limits, area of cover, dental, optical and pharmacy co-insurance.
Companies with as few as 2 employees can opt for group medical insurance and policies can be split across different emirates easily.
Their portfolio size and consistent plans has lead to very stable premium increases, usually in line with inflation.
Oman Insurance also caters to large corporates, and is one of the participating insurers that provide basic health cover to members earning under AED 4K.
The sign-up process can be convoluted, and includes more forms and processes than the majority of their competitors. Also, their internal processes tend to be slow, with limited options for escalations. Claim reimbursements can take around 3 weeks, and medical cards can take over 2 weeks to arrive.
On the plus side, they have a well-designed online portal that allows ease of claim submissions and policy management.
If you are a business owner or HR professional in the UAE, you’re looking to save money on your employee benefits package and reduce your company medical insurance costs, we will review your current plans and related expenses. Please contact us.
At AES International, we focus on providing long-term solutions, tailored to an individual organisation’s needs, to help you improve overall employee wellness, drive up productivity and engagement, and enable you to manage your corporate medical insurance spend year on year.