Leena Parwani, Special to Gulf News

Articles from the author

UAE makes strong case with universal health insurance

Medical coverage for all residents widens UAE's social security net

UAE will be rolling out universal medical coverage in 2023, and this should be seen in the context of earlier reforms on long-term resident visas, including those for retirees.

Gulf investors need to hedge against UK ‘death tax’

Insurance policies can help hedge against the 40% tax outgo If done correctly

The UK has made it sufficiently difficult for property investors to get off scot-free on taxes when it comes to property inheritances.

UK's inheritance tax will need some careful planning

There are also changes to stamp duty that kick in from April

Mind those taxes as well. The inheritance tax is as high as 40% of the deceased's asset vaue, which is why it will require careful planning to meet these obligations.

Leave room for insurance in busines succession planning

UAE businesses have suffered disruptions from untimely deaths of owners

Businesses have realised the value of succession planning being done well in advance. But as important would be to take out 'keyman' insurance.

UAE residents need to play their part on health costs

Only then will there be better control over mounting cost of medical insurance

Residents must do their bit to keep medical insurance tariffs under check. A start can be made by not rushing to use up those services.

Commission cuts a burden for UAE insurance brokers

What they make on first-year life insurance policy sales is crucial to their cashflow

Selling life insurance premiums now comes under a stricter regime, but it also imposes a financial cost on brokers.

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