#RAKBANK and #MetLifeGulf Web Summit, Life Insurance Comes of Age in the UAE, explains how rule changes will boost appetite for Life Insurance products in UAE among Expats and Citizens.
The panel also examined the potential costs of being uninsured as well as risk of being under-insured, particularly during a global pandemic. With a current penetration rate of less than 1%, the panelists agreed that COVID-19 may prove to be acatalyst for changing attitudes toward life insurance among expats and nationals in the UAE. Over half of those with insurance are under-insured.
