Tuesday, 2 Jun 2020
Insurance premiums in Oman reach RO152mn

Insurance premiums in Oman reach RO152mn

It mentioned that wellness insurance coverage premiums comprised 33 per cent, followed by car insurance coverage premiums at 31 per cent, although the rest of the insurance coverage items constituted 36 per cent.

CMA mentioned that demand for wellness insurance coverage has gone up due to improved neighborhood awareness, much better and boost human sources management and the general improvement of private sector institutions. ‘The number of employees in the private sector covered by insurance has touched 470,000.’

The insurance coverage sector is seeing expansion and anticipated to reach 3 occasions the present worth. ‘The sector is expected to get new investments and more private institutions will enter the insurance market. This will lead to the creation of job opportunities and more patients will undergo treatment in the sultanate.’

CMA has mentioned that the Unified Health Insurance Policy (UHIP) or Dhamani is a compulsory policy for the staff of the private sector, expats and guests. ‘The policy includes hospital visits, doctors’ charge and diagnosis, medicines, ambulance expenditures as effectively as outpatient care.’

The scheme is anticipated to supply insurance coverage cover for two.1mn workers in the private sector, Omanis and residents in addition to guests.

Information Source: Muscat Daily

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