To buy an insurance policy, whether it is life insurance, motor insurance, or health insurance, you can look for a reliable insurance agent or insurance brokers in Dubai. While both of them have their own advantages, it is often noticed that an insurance broker can prove to be a good choice. You can easily find the cheapest insurance premium sold by a broker in your area online. Here in this article we shall discuss a few of the major benefits of hiring a broker for purchasing an insurance policy.
- Work for you: since an insurance broker is not anyhow bound to any of the insurance companies, a broker has the freedom to select the best deal for you. After analysing all your specific needs and requirements, he/she would then recommend the best coverage for you.
- Experienced professionals: since an insurance broker deals with a wide range of insurance products and services every day, he/she has a good and updated knowledge about every new thing in the insurance industry. Moreover they are very qualified and are generally experienced professionals to guide you through the claim process, which is often confusing. An insurance broker’s firm usually represent one or more reputed and registered insurance companies.
- Registered and licensed: each of the insurance brokers in UAE needs to have a valid licence and registration with authorities. Only the Insurance Authority Board of Directors regulates the profession of insurance brokerage here. Therefore you can be sure that you are dealing with genuine people who will correctly guide you about the apt insurance policy that suits your requirements.
- Full disclosure on commission rates: the broker that you hire for getting insurance will fully disclose the commission rate that he/she would charge, and also how it will be affecting your insurance premiums. The premiums of the insurance that you pay includes the broker’s compensation too, which will be revealed to you at the time of your policy purchase. Thus you can make a better policy choice.
PIBCo is one of the best insurance brokerage firms of UAE where you can find expert brokers at your service.