Tuesday 6 October 2015

Compare the Best of the Health Insurance Policies in the UAE

In many places, you will get to hear about the comparisons being done in the UAE regarding the critical illness cover uae policies of various kinds and you might be eager to know as to why this is done in the first place. Well, if you go for the comparison, then you will be able to choose the best of the policy that suits you in the best possible manner. So it is always said that it is good to get your policies compared so that you can go for nothing but the best. 

How can you get it done?
According to the mortgage protection life insurance plan Dubai, if you want to get the comparison done, you can go for the online ones in which you can get a lot of quotes as because there you can have the actual proportion of each and every aspect of the policy and there you can easily determine which the one that you should go for is. In order to do that all you have to do is to log on to the comparison website and enter the names of the policies that you want to compare and within no time, you will be able to get the compared results.

In the United Arab Emirates, according to education fee planning Dubai it is now important for every individual to have the medical insurance done up so that you can have the free medical treatment in case of any medical emergency when you cannot get the cash ready right at the moment. But you do have to make sure that you are choosing the right kind of insurance provider so that you do not have to regret later on. 

In the UAE there are a lot of insurance providers and choosing one from them can be a really tiresome task that you have to endure. Now if you really want to go for the best, then you have to check the authentication of each of them so that you do not fall in the wrong hands.

Also you do have to check which policy gives you more benefits and what are the restrictions that you have to follow. It is these two aspects that help you in determining how promising the insurance policy actually is and then you will be able to get the best of the sort. 

If you want to have the best of the policy, then it is for the best that you go for the offline comparison so that you can have the exact quote and you can have the best of the many policies that you get to see in the markets. In this way things will no doubt be very profitable on your behalf and you will be able to get the best of the medical facilities in case of any emergency.

Now that you know how to choose the best of the policies, I am sure that you will be the gainer at the end of the day by choosing the right one. 

Source:https://expatwealthcare.wordpress.com/2015/10/06/compare-the-best-of-the-health-insurance-policies-in-the-uae/

Tuesday 22 September 2015

Know the Ways to Invest Money in the UAE?

If you are living in the UAE and if you are thinking for a Retirement Planning Dubai then the first thing that you have to know is to get the ways in which you can make the investment in the best possible manner. You can also go for UK pension transfer plan if you are residing in UK. This is because of the fact that if you do not then you may end up in having a totally insecure life and that is exactly what you intended to do in the first place. So in order to have the investment plans UAE, you do have to go by the 3-bucket system of investment which is a really reliable process by which you can invest so that your life is totally safe and secure. 


What is this 3-bucket system?
The three-bucket system of approach is quite simple, but do not be deceived by the looks as because it is very effective as well and you will love to have this system once you get to know of the system in detail. If you are a bit perplexed by the name bucket system, then you can rest assured as because the three buckets are symbolic of the three classified odes of the investment that you have to do.

According to the bucket 1, it is used in order to make the emergency saving and for the short term goals that you need to achieve. This is the investment that you need to do in liquid cash or the one that you can get handy easily. This sort of an investment is meant to be used during the times of emergency like the medical ones. In this case it is advisable that you collect 3motnths salary if you are single or working couples without children. You can even use this investment for small holidays or buying electrical gadgets. 

Now coming to bucket two, it is meant for the short to the medium termed goals like the down payment of property, which is required to be paid over a period of time. Now if you want to, you can even have this investment for an expensive vacation, buying a land and so on. You may even indulge in the risky investments like the stocks, gold, hedge funds and so on. It is advisable that you invest an allocation of about 10-20% of monthly disposable income. This is indeed a very wise investment to make if you can handle it in the perfect manner. 

In most of the cases, bucket three is the most important of the lot but it is this investment that is mostly ignored. Bucket three consists of the long term goals which will last a lifetime. Mostly they last longer than the 5 year tenure and comprises of the plans like childrens education, saving for the retirement purpose, moving back to countryside, saving for daughter’s marriage, saving for the heir and so on. This is the most important investment that people should be making and 50- 60% of the disposable income should come under this group. If you are careful to take care of this bucket system, then there can be no stopping. 

Source:http://expatwealthcare.weebly.com/blog/-know-the-ways-to-invest-money-in-the-uae

Tuesday 25 August 2015

Unique Investment Vehicles for Retirement Plans in UAE, Dubai and Abu Dhabi


A proper Investment Vehicles for Retirement Plans in UAE, Dubai and Abu Dhabi is the most important issue of life, which helps us in meeting the needs in our future, especially in retire life. The investment can be various types and nature, therefore; the support of a qualified and experienced financial consultant or agent is of great importance in selecting the best option to get the highest return with additional benefits on the invested amount. In UAE, the expats are the majority of the working strata and their wealth management is a prime issue in the country because these people are keen to have the maximum tax exemption or benefits, as well as, security of the investments, in any form. Investment Vehicles UAE are consist of various options, such as; direct equity, Mutual Funds, Insurance Policies and Exchanged Traded Funds etc., which are capable of providing exceptional returns and also other support services. The wealth care management groups or individuals have in-depth knowledge about the financial market and also carry vast experience of suggesting the best option, according to the needs and ability of the potential investor/s. These kinds of investment portfolios are being structured in such a way that the investor can meet up his or her requirements, be it for Education Fee Planning  of the child or medical expenses, which are the principal reasons of the popularity of these schemes among expat workers.

A Brief Outline of Corporate Insurance
It is hard to find a person in this world, who is not willing to plan for the retirement because everybody is keen to live a comfortable life, without any hindrance, after their retirement. In UAE, where the government regulated pension schemes are yet to take place; there is corporate planning for expat workers served the purpose. While the absence of government Pension Plan UAE, Dubai and Abu Dhabi is a vital issue; there are some banks and financial institutions actively dedicated to take care of the interest of expats about their Retirement Planning Dubai,UAE and Abu Dhabi with some structured solution. The corporate houses are also provide some incentives or support, apart from general gratuity schemes, to retain the workforce under their portfolio.

Corporate Pension Plan UAE, is almost a private initiative and structured in such a way; where the company pay for the employee and this is been done with the very intention of retaining the person because the dearth of workforce is a constant problem for these corporate houses. The other reason of corporate pension is aiming to protect the business itself by getting the Key Man Life Insurance Policy, which protects the owner of their future business activities and its continuity. As in the case of life insurance of any individual, the key man insurance is taking care of the business and its entire activities, in the event of sudden or untimely death of the key person of the particular business entity and this is the reason this scheme is also known as Key Person Insurance. Although there are certain issues, which are being considered before paying insured amount but at the same time, it provides lots of support for the business house and a sense of relief to continue the business.

Source:http://keymanlifeinsurancepolicy.weebly.com/blog/-unique-investment-options-in-uae

Monday 27 July 2015

Things To Remember While Setting Up A Pension In The UAE

Living or rather earning in the United Arab Emirates has its fair share of pros and cons. While there are certain benefits such as earning more and getting the option of saving more because of the country’s zero-tax regime, one of the harsh disadvantages is that it does not provide the expatriates with a suitable retirement pension plan. One must become very proactive and set up a Corporate Pension Plan In UAE while working there. 

Why Do We Need A Pension Plan?
 
It is very important to know the reasons for taking retirement pension plans very seriously and planning it before knowing how to do it. One of the most important aspects of human life is that it is very fragile and vulnerable. And the one certainty in human life is that no matter what, we are going to grow old. And contrary to popular beliefs- People do not age very gracefully. Instead they rather become very weak and incapable of working furthermore in order to provide themselves their livelihood. And the modern society is devoid of any social security whatsoever. So the most practical approach is to start saving for your retirement as soon as you start earning because the only way to make a large amount of money is by joining small chunks of money over a long period of time.

Points To Remember And Evaluate
 
While setting up a pension fund in the UAE one should primarily consider the tax regime in his/her home jurisdiction. One should also be concerned with the structure one must adopt in order to make it tax-efficient. Secondly, you have to decide the amount of money you will be able to put aside for your retirement. These are very important aspect while setting up a pension plan. The next aspect one shall have to consider, especially in the UAE is movability from one employer to another. Changing of jobs from one part of the country to another might affect your capability of contributing to your pension scheme.

Pension Fund Or Employer Scheme : The Most Popular Debate?
 
If fixing the appropriate amount of money to save for your retirement isn’t debate enough the next question is one that often causes the most confusion, whether one should avail their saving schemes from their respective employers or choose to construct a pension scheme for himself from an independent financial advisor. The key benefit for opting for the former option is that your employer has an independent board of proficient trustees who has the ability to ask the correct question on your behalf. For example, portability of the savings from one jurisdiction to another, details of the costs involved etc. The fact that your employer will not ask for any commission fees enhances the idea of choosing your employer for going through your pension schemes. But the main drawback in this regard is that in this market you cannot avail any long-term pension solution but only a long-term savings plan from your employer. On the other hand an IFA (Independent Financial Advisor) can tailor your retirement plans based on your requirement. He can offer a certain level of portability and has the ability to alter the plans to specific tax codes. But the flip-side is the expensiveness of the process.

Things That Must Also Concern You
 
Other prospects one must be concerned with are life insurance and education planning. Other than Corporate Pension Plan UAE, other aspects available are Mortgage Protection Life Insurance Plan and Education Fee Planning In Saudi Arabia

Thursday 16 July 2015

The Key Man Life Insurance Policy: What and Why?

Do you own a business for key man life insurance policy with tax deduction cost? Are there some important people associated in your business other than you? Now, are these people responsible for the proper functioning of your business, so much so that without them your business might not generate desired profits? Then what happens if one of them suddenly is unable to work, unable to execute their responsibilities, for some reason or the other? Some of the extreme reasons can be their death or some severe illness that requires them to be hospitalized for a long period of time. What do you do then? To ensure that such situations do not affect the well-being of your business, the best option is to invest in a Key Man Life Insurance Policy.

What is a Key Man Life Insurance Policy?

A Key Man Life Insurance Policy is like any standard insurance policy, except in this case the policy is carried out by a particular business/company. The company takes a Key Man Life Insurance to compensate for any financial losses that can be suffered by the company in case a very important member of the company is unable to continue working, in cases such as death or severe illness, for a long period of time.

A key man of company can be any person whose specific skill set or knowledge is indispensable to the company and who is responsible for the major profits of the company. This person can be the director, a key sales manager, a key partner, a key project manager etc. The main reason such a policy is taken by the employer is to compensate for the losses that the company might suffer or compensate for the additional expenditure to hire and train a replacement (in case of death of the employee).

So, a Key Man Life Insurance Policy not only covers for death but also provides critical illness cover in UAE. So your business doesn’t need to suffer losses in case someone important falls critically ill and is unable to work for a long duration. The investment vehicle plan in UAE is simply not enough for the business to cope up with the loss of one its important employees.

Why should you opt for this?

The first and foremost reason you should opt for this insurance policy is that your company’s well-being is in your hands. You should make wise decisions for the welfare of your business so that it can stay immune during unforeseen circumstances like the death of an important business associate or employee. It is impossible to know from beforehand what might happen in the future. Therefore, it is always advisable to plan ahead and be prepared for any difficulties that might threaten the welfare of your business in the future.

Added Benefits

Income tax recognizes the Key Man Life Insurance Policies as an important source of deduction of capital. Therefore, the premium paid for the Key Man Insurances for an employee can be claimed by the company as a business expense.

Tuesday 23 June 2015

Looking for a Cost Effective Key man Life Insurance Plan in the Market?

Our lives are fraught with key man life insurance plan difficulties and so to safeguard ourselves from accidents or mishaps we need to protect ourselves. So what would do we do? Life insurance policies can be the most effective way by which we can protect or at least insurance ourselves against these uncertainties. But there are certain things that you should keep in mind while investing in life insurance policies.

Things to be kept in mind:

Businessmen should go for Key Man Life Insurance Policy. This type of insurance is taken to safeguard the business organization from financial losses in case of the death of one or more employees or owners. Any person can be a Key Man provided they should be either director of the company or key project managers or key sales people or people with specific skills occupied in a particular business. This it also helps the company in its tax planning and protects the immediate families of the businessman from getting affected by the vagaries of the company.

Shareholders should go for Shareholder Protection Plan Saudi Arabia. This not only helps the shareholder but also the deceased shareholder’s family as they can realize the value of the business interest. The shareholders thus can reduce the risk involved in their business. Stefan Terry provides financial assistance to various corporate companies.

Insurance should be a must:

Every person needs insurance cover to his or her personal debts, medical and funeral bills. Therefore insuring yourself and your business should be one of your main concerns until you have enough assets to cover the expenses after you are gone. Moreover, even if you are single, you still need to insure yourself.

Thus it is clear from the above discussion that insuring oneself and ones business has various advantages. Although insuring may initially involve some costs but it will definitely benefit one in the long run. So, leave all the stress aside and let your insurance policy deal with them, while you rest at peace and enjoy a carefree life. One cannot predict future disasters or mishaps that may happen in your life but through insurance, you can protect yourselves from them and live a happy life!