Insurance can be confusing, especially in a market as dynamic as the UAE. Misconceptions may leave you underinsured or paying for coverage you don’t really need.
Let’s clear up five of the most common insurance myths and help you make informed decisions.
Myth 1: “I’m too young and healthy to need insurance.”
Reality: Buying insurance early typically means lower premiums and greater peace of mind.
Term Life Protect: A young, healthy individual can lock in competitive rates.
Health Protect: Even if you’re fit now, health insurance that covers chronic and pre-existing conditions saves you from high medical bills down the road.
Why it matters: Premiums generally increase with age or health changes. Getting covered early can save you thousands over a lifetime.
Myth 2: “All plans cover pre-existing conditions.”
Reality: Coverage for pre-existing conditions varies widely from policy to policy.
Many basic plans exclude pre-existing conditions, leaving you exposed to high treatment costs.
Health Protect by HAYAH offers plans regulated by the Dubai Health Authority that explicitly cover both chronic and pre-existing conditions.
Why It Matters: Always read policy details or request a quote to confirm what’s included, and consider add-ons if you need broader protection.
Myth 3: “Term insurance is too expensive.”
Reality: Term life insurance can be one of the most affordable ways to secure your family’s future.
Simple Life plans start at just AED 7 per month with no medical exams required.
Flexible premium options (monthly, annual, or single premium) help you tailor payments to your budget.
Why it matters: A small premium today can safeguard your family from financial hardship tomorrow. Compare term and permanent plans to find the best fit.
Myth 4: “Employer benefits are enough.”
Reality: Many corporate plans leave coverage gaps.
Group benefits may not transfer if you change jobs or if your employer changes providers.
Employee Protect offers standalone life and critical illness coverage, plus income protection, repatriation, and medical reimbursements, ensuring continuous security for your workforce.
Why it matters: Relying solely on employer-sponsored insurance can expose you to risk. Supplement with personal coverage for comprehensive protection.
Myth 5: “Digital insurers aren’t reliable.”
Reality: Digital insurance platforms often deliver faster quotes, streamlined applications, and rapid claims processing.
HAYAH’s fully digital platform provides end-to-end service, from onboarding to claims, with top-tier partners and regulatory compliance.
Enjoy features like free temporary life cover from application submission until policy issuance.
Why it matters: A reliable digital insurer combines convenience with rigorous regulation. Look for DHA-regulated plans and transparent policy terms.
Next steps: secure your future with confidence
Now that these myths are debunked, it’s time to review your coverage. Ask yourself:
Are you paying too much for unnecessary benefits?
Do you have gaps in your health or life insurance?
Would a digital insurer make your experience smoother?
Get a personalized quote today with HAYAH and explore our range of tailored plans:
Empower yourself with clarity and the right coverage, because peace of mind is the best investment you can make.