Premium delays by UAE residents, businesses increase due to Covid-19 – ZAWYA

Premium delays by UAE residents, businesses increase due to Covid-19 – ZAWYA

Premium delays by UAE residents, businesses increase due to Covid-19. The insurance industry executive say that delays in premiums are mainly from the businesses while health and life insurance segments are still doing well as people are more concerned about their health due to Covid-19.. Most business have not been operational during the lockdown/partial lockdown period and many of them have been impacted.. Due to this, the overall payment situation has not been great," he said, adding that since business insurance policies are not always compulsory to have from a regulatory point of view, customers may look to avoid that, considering it an expense.". We have seen the momentum continue in health insurance as consumers are now more conscious about having a comprehensive health insurance policy which covers them for any unforeseen health conditions..