Al Wathba National Insurance - Compare & Buy Insurance Plans Online

Formed in 1996 and chaired by H.E Sheikh Saif Bin Mohamed, Al Wathba Insurance provides an incredibly diverse range of insurance products for both individual and corporate customers. With over 20 years of experience, Al Wathba Insurance has time and again created a name in the UAE market, staying relevant and revered till date.

Al Wathba Insurance holds a base capital of AED 207 million. The company’s values are centred on professionalism and excellence, as seen across their insurance and reinsurance products.

Why Choose Al Wathba Insurance and Reinsurance Plans?

Al Wathba Insurance offers customers and corporations an extremely unique set of insurance plans, created after carefully assessing the needs of the UAE market. Some of the advantages that the Al Wathba National Insurance policy brings to the table are:

Experienced Management:
20+ years of protecting financial security regarding health and assets of UAE residents have given the Al Wathba Insurance management team a deep understanding of how to best serve customers and to maintain excellent standards of service.
Innovation:
Though Al Wathba National Insurance has a sturdy risk assessment team at hand, the company isn’t afraid to take risks and go the extra mile. Their innovation-driven strategies have helped them to be a prominent name in UAE’s insurance industry.
Active Participation:
Al Wathba Insurance is not one to sit back and let the market dictate trends. It is known to intuitively grasp the needs of their customer base and pro-actively make changes to policies (if the need be).
Solid Backing:
Individual customers and corporations are not the only entities to reap the benefits of insurance. Al Wathba National Insurance is backed by a host of reputed international reinsurers, enforcing the security and safety of the assets of customers.

Al Wathba National Insurance & Reinsurance Products

Individual Insurance	Corporate Insurance
Motor Insurance	Fire & General Accident
Home Insurance	Engineering
Travel Insurance	Marine & Aviation
UAE Visit Insurance	Oil & Energy
Yacht Insurance	Motor Fleet
Jet Ski Insurance

(Updated as of Jan 2019)

Individual Al Wathba National Insurance Policies

The range of individual Al Wathba Insurance policies is targeted at customers who want to protect their personal assets. It includes but is not limited to motor insurance, home insurance, travel insurance online policies and more. The individual insurance products are as follows:

Motor Insurance:

Al Wathba Insurance offers a highly inclusive motor insurance policy, which is further divided into two categories: comprehensive insurance and third-party insurance

1. Comprehensive Motor Insurance

The comprehensive motor insurance plan covers:

Damage to the customer’s vehicle
Damage to vehicle accessories

Damage of Vehicle Parts:

Accidents, collisions, and mechanical breakdowns
Fire and lightning damage
Theft of accessories or vehicle itself

Intentional damage by a third-party
Damage caused due to the transportation of the vehicle by railways, road, land, lift, etc.

The comprehensive motor insurance plan also includes all coverage offered by the third-party plan mentioned in the following section. The insurance buyers can opt for personal accident cover may also be purchased on an additional basis.

2. Third-Party Motor Insurance

The third-party Al Wathba Insurance covers:
1. Bodily injuries caused to a third-party
2. Property damage of a third-party

Death of a third-party,

of the customer’s family members or spouse and of employees (if they are injured within working hours as a result of their duties)

Home Insurance:

Losing one’s shelter is one of the worst tragedies ever. However, with the Al Wathba National Insurance in place, insurance buyers need not worry about anything. The plan covers all the unforeseen outcomes. The home insurance plan provides insurance coverage to house owners, landlords and tenants alike.

3. Travel Insurance:

With the incredible advancements in transportation and technology, travel has become easier and widely more accessible than ever before. The travel plans offered by Al Wathba Insurance cover travellers all over the globe. From the moment the policyholder steps out of the house (or workplace) and right up till he/she has safely returned, it provides insurance coverage without any geographic restrictions. The travel policy of Al Wathba Insurance covers:

Emergency medical care and repatriation expenses
Repatriation of family
Repatriation of mortal remains of the insured (in case of death)
Dental care (in case of an emergency)
Escorts for dependents (such as for children)
Travel for one immediate member of the family
Emergency travel back home in event of the death of a close relative
Medicine deliveries
Urgent message couriers
Medical information services
Referral of a local medical specialist (and appointment bookings)
Advance on bail bonds
Misplaced credit cards
Delayed flight departures
Travel inconvenience compensation (for lost baggage)

4. UAE Visit Insurance

For customers who don’t want their visit to the beautiful nation of UAE to be affected by medical bills, Al Wathba National Insurance offers a reasonably priced and all-encompassing visit insurance policy. The UAE visit insurance plan can be availed by anyone with a visit visa. It provides insurance coverage at all the emirates of UAE. The policy provides insurance coverage from the time a traveller enters UAE and is valid till they leave the country or till their visit visa expires (whichever comes first). The UAE visit policy by Al Wathba Insurance covers:

Sudden illness and injuries
Emergency surgeries
Travel and personal assistance
Further in-patient or day care services such as:
1. Private room accommodation
2. Surgery and consultancy charges

Ambulance service

Medicine expenses during hospitalization
Physiotherapy and rehab during in-patient treatment
Treatment for life-threatening emergencies

Repatriation of the mortal remains (in the case of death)

5. Yacht Insurance:

Bordered by wide open seas and dotted with pristine marinas, the UAE offers a host of luxury marine activities such as yachting. While the open seas offer a serene and relaxing getaway, it also exposes one to the wide variety of risks. Luckily, the Al Wathba Insurance Yacht insurance policy covers the policyholders against all such risks. The cover includes:

Navigable water risks
Fire
Piracy
Collision with docks and harbours
Explosions
Intentional damage by a third-party
Theft (of the whole yacht or of the outboard motors)
Developing defects in machinery
Death, personal injury and illness
Wreck removal

The insurance buyers can also opt for additional riders such as war risks, racing risks, water skiing cover.

6. Jet Ski Insurance:

Also known as personal watercraft insurance, jet ski insurance is similar to the motor insurance policy offered by Al Wathba National Insurance, in that it is also categorized into the comprehensive and third-party plan.

1. Third-Party Plan

This plan covers damage caused to a third-party or their property by the customer’s jet ski.

2. Comprehensive Plan

In addition to the third-party coverage, the comprehensive plan also offers protection against damage to the customer’s jet ski caused by fire, theft, accidents and natural disasters.

Corporate Al Wathba National Insurance Policies

As an entrepreneur and business owner, not only an individual is responsible for the profitability of the company, but also for the welfare of the employees and the company’s assets. Corporate insurance policies help mitigate the various risks that business faces on day-to-day operations. Al Wathba National Insurance offers corporate insurance policies for many different industries such as marine, aviation, oil and engineering industries. The corporate insurance plans offered by Al Wathba Insurance are mentioned below:

1. Fire & General Accident Policies:

The Al Wathba National Insurance fire & general accident policies are categorized in the following table.

Fire & General Accident Policies
Category	Offered Coverage	Offered Services
Fire & Allied Perils	Movable and immovable property is covered under this Al Wathba Insurance policy. This includes the building, machinery, furniture, fixtures, plants, etc.	Lightning cover
		Explosion & Implosion cover
		Cover for articles dropped from an aircraft
		Cover for impact damage by railways, road transport or animals
		Riot and international damage cover
		Landslide cover
		Storm, cyclone and flood cover
		Overflow, leaks and water pipe burst cover
Property Risks	Property in the premises described in the Al Wathba National Insurance plan is covered.	Fire cover
		Lightning cover
		Aircraft cover
		Explosion & Implosion cover
		Earthquake cover
		Strike & riot damage cover
		Malicious damage cover
		Storm, cyclone and flood cover
		Overflow, leaks and water pipe burst cover
		Cover for impact damage by railways, road transport or animals
		Theft cover
		Accidental loss or damage cover
Group Personal Accident	Al Wathba Insurance group personal accident plan covers all employees under one policy for any bodily injuries caused by accident on and off duty. It covers to employees of the company anywhere across the globe.	Accidental death
		Permanent total disability
		Permanent partial disability
		Temporary total disability
		Medical expenses (AED 5,000 per person)
		Repatriation expenses (AED 5,000 per person)
Business Interruption	To avail the benefits of this Al Wathba Insurance policy, the organization needs to opt for property risks and the fire & allied perils plans. The business interruption plan covers losses covered due to continued expenses of rent, employee salaries and overhead costs after a fire or after property damage.	Gross profit cover
		Net profit cover
		Annual turnover cover
Hotel Comprehensive	Al Wathba National Insurance Hotel Comprehensive plan provides cover for loss and damage to hotel property, loss of income and third party liability.	Loss and damage to guests' personal belongings
		Loss of money
		Employee infidelity cover
		Forgery cover
		Plates, glass & cutlery cover
Money Insurance	Al Wathba Insurance money insurance policy covers the loss of money in form of cash notes, cheques and stamps. Exclusion- Theft by employees, money that is outside the safe, money stolen by using a key, negligence in bookkeeping and war scenarios.	For money in transit from the company to the bank or vice versa
		For money stored in any safe in the office
		For money out of the safe during working hours
		For money in any safe at a bank
		For money in a designated employee's care
Fidelity Guarantee	Developed specifically for employers with troublesome workers. This Al Wathba National Insurance policy protects the employer against fraud and embezzlement committed by employees.	Forgery cover
		Embezzlement cover
		Larceny cover
		Fraudulent conversion cover
Bankers Blanket	Al Wathba Insurance bankers blanker policy protects the financial organization from property damage, employee infidelity and more.	Employee infidelity cover
		Property damage cover (including fire cover)
		In-transit property damage cover
		Forgery cover
		Securities cover (stocks, certificates, bonds, etc.)
		Counterfeit currency cover
		Office contents cover
		Extensions such as ATM, Safe Deposit Box and Computer Crimes cover
Jewellers Block	Al Wathba National Insurance Jewellers block plan protects the stock of jewel and gold merchants.	Loss and damage of stock cover
Jewellers Block		Furniture & fixture damage cover
Shop Keepers	Al Wathba Insurance shop keepers plan covers inventory of grocers, stationery shops, departmental and retail stores.	Fire & allied perils cover for building and contents
		Loss of rent cover
		Burglary cover
		Money cover
		Glass and neon signs cover
		Employee infidelity cover
		Worker's compensation cover
		Third-party liability cover
Home Comprehensive	The Al Wathba Insurance home comprehensive plan covers the accommodations of employees. It can also be customized as per individual requirements.	Fire & allied perils cover for building and contents
		Radio and television aerials cover
		Rent and alternate accommodation cover
		Public liability cover
		Domestic staff liability cover
Liability - Workmen's Compensation	Al Wathba Insurance liability workmen’s compensation cover workers that get into accidents work-related duties.	On the job accident compensation cover
Liability - Workmen's Compensation		Extensions include medical expenses, repatriation and employer's liability covers.
Liability - Employer's Liability	Al Wathba Insurance employer’s liability insurance is available as an extension under the previous mentioned workmen's compensation. It protects the employer from claims of personal injury or even death.	Cover for the legal defence of claims
Liability - Employer's Liability		Limited to AED 200,000 per person on every accident, for a maximum amount of AED 1,000,000 in total.
Liability - Public Liability	Al Wathba National liability policy protects the business from liability due to negligent practices of the organization.	Cover for accidental death, bodily injury and disease caused to a third-party
		Cover for loss of property and damage to property of the third-party
		Cover for all civil and legal liabilities for the directors and officers of a company
		Extensions include pollution and transportation risk covers
Liability - Medical Malpractice	Al Wathba National Insurance liability policy is catered for medical establishments and medical professionals. It covers liability for injuries caused due to negligence.	Bodily injury cover
		Mental injury cover
		Illness and disease cover
		Cover for death due to negligence

(Updated as of Jan 2019)

2. Engineering Policies:

The following Al Wathba National Insurance policies were created for the engineering industry in UAE:

Engineering Industry Insurance Policies
Category	Offered Coverage	Offered Services
Contractor's All Risks	Al Wathba Insurance contractor’s all risk policy protects all loss and damage for contract projects, for construction plants and any bodily injuries caused in the duration of the project. The contractor's all risks policy is further divided into a physical loss & damage plan and a third-party liability plan. Both the plans offer a maintenance cover during a defined maintenance period.	Physical Loss & Damage
		Accidental damage
		Fire & lightning cover
		Water, flood, and storm damage cover
		Breakdowns and explosions cover
		Material casting defects cover
		Riot and strike cover
		Landslide, earthquake, volcano and cyclone cover
		Third Party Liability
		Cover for bodily injury to the third-party
		Cover for property damage of the third-party
		Cover for expenses incurred due to legal defense
		Maintenance Cover
		Cover for loss and damage during routine maintenance operations
Erection All Risks	Al Wathba Insurance erection all risks policy covers all the associated risks with erecting machinery and steel structures. The plan is categorized into a physical loss & damage plan and a third-party liability plan. The policy also offers maintenance cover, for the duration of the maintenance period.	Physical Loss & Damage
		Accidental damage
		Fire & lightning cover
		Water, flood, and storm damage cover
		Breakdowns and explosions cover
		Material casting defects cover
		Riot and strike cover
		Landslide, earthquake, volcano, and cyclone cover
		Cover for damages due to aircraft impact
		Collapse, collision and impact damage cover
		Theft cover
		Malicious damage cover
		Third Party Liability
		Cover for bodily injury to the third-party
		Cover for property damage of the third-party
		Cover for expenses incurred due to legal defense
		Maintenance Cover
		Cover for loss and damage during routine maintenance operations
Contractor's Plant and Machinery	Al Wathba National Insurance policy protects the contractor's plant and machinery. Examples of machinery include excavators, shovels, etc.	Electrical breakdown cover
Contractor's Plant and Machinery		Mechanical breakdown cover
Machinery Breakdown	Al Wathba Insurance's machinery breakdown policy covers the repair and replacement of machinery.	Repair and replacement cover
		Material casting defects cover
		Faulty design cover
		Explosions cover
Machinery Loss of Profits	Machinery breakdowns can lead to an enormous loss in profits for the contractor. These business interruptions are covered under the machinery loss of profits Al Wathba Insurance policy.	Gross profit cover
		Net profit cover
		Standing charges cover
		Annual turnover cover
		Monetary excess cover
		Time excess cover
		Limit and period of indemnity cover
Electronic Equipment	The electronic equipment Al Wathba Insurance policy covers damage to electronic equipment, hardware and software alike.	Loss and damage cover for electronic equipment
		Hardware cover
		Data media centre cover
		Information retrieval cover
		Increased cost of working cover
Deterioration of Stock	This Al Wathba Insurance plan protects all items stored in cold storage. This includes food items, frozen meat products and frozen trade items.	Loss and damage cover for stock in cold storage
Boiler Insurance	Al Wathba National Insurance boiler insurance covers loss and damage to boilers, which may cause explosions and collapses.	Over-pressure cover
		Safety valve failure cover
		Defective materials cover
		Poor workmanship cover
		Faulty design cover

(Updated as of Jan 2019)

3. Marine & Aviation Policies

Both land and air vessels are high-cost investments that need to be covered under a comprehensive insurance policy. The Al Wathba National Insurance policies for the marine & aviation industry are listed below:

Marine & Aviation Insurance Policies
Category	Offered Coverage	Offered Services
Marine Liabilities	Al Wathba Insurance marine liability policy covers all liability of the people employed on an aquatic vessel. This also extends to the ground crew.	Haulier's liability cover
		Freight forwarder's liability cover
		Marine operator's liability cover
		Ship repairer's liability
		Stevedore's and charter's liability cover
Hull & Machinery	Al Wathba Insurance hull and machinery policy covers the onboard machinery and vessel itself. The insured value of the hull is based on its market value, which further depends on factors such as the type of hull, the tonnage, classification of the vessel, etc.	Hull & machinery cover for a specified time period
		Hull & machinery cover per voyage
		Protection and indemnity clauses for hull
Aviation	Al Wathba National Insurance aviation policy indemnifies all aircraft personnel and the aircraft (helicopter, aeroplanes, gliders, winged gadgets) from loss and damage.	Aircraft hull & liability cover for passengers
		Aircraft hull & liability cover for the cargo
		Aircraft hull & liability cover for third-party property
		Cover for aircraft hull for war and allied perils
		Aviation crew personal accident cover

(Updated as of Jan 2019)

4. Oil & Energy Policies:

Oil and energy policies offered by Al Wathba National Insurance protect equipment, employees and third-parties from unforeseen accidents and damage.

Marine & Aviation Insurance Policies
Category	Offered Coverages	Offered Services
Offshore Construction Risks	Al Wathba Insurance offshore construction risks policy protects oil and energy industry organizations from loss and damage to contracted work. The policy offers a loss and damage cover and a third-party liability cover.	Loss & Damage cover:
		Builder's risk cover
		Cargo cover
		Sue & labour cover
		Wreck and debris removal cover
		Existing property cover
		Expediting expense cover
		War cover
		Third-party liability cover
		Physical damage and loss cover to third-party and property
Onshore Construction Risks	Al Wathba Insurance onshore construction risks policy covers infrastructure projects for oil, gas power and other energy sectors. The policy protects materials, equipment and designs. An additional maintenance cover can be opted.	Materials cover
		Equipment and machinery cover
		Temporary and permanent work cover
		Faulty design and workmanship cover
		Maintenance cover (conditional basis)
Operational Risks	Al Wathba Insurance operational risks policy covers the risks associated with operating an energy sector infrastructure such as oil rigs, fertilizer plants, etc.	Property damage cover
		Business interruption losses cover
		Machinery breakdown cover

(Updated as of Jan 2019)

5. Motor Fleet Insurance Policy:

The motor fleet insurance policy is a group policy offered by Al Wathba National Insurance. It covers the fleet of vehicles on which business operations rely upon. These may be in the form of private cars or heavy goods vehicles. The policy is offered in two types:

Comprehensive Policy -
The comprehensive Al Wathba Insurance policy protects a motor fleet from loss and damage, fire and theft and from third party liability as well.
Third-Party Liability -
Third-party liability covers the motor fleet from bodily injury caused to a third-party and from damage caused to a third-party’s property.

How to Apply?

After an insurance buyer has made a selection from the wide range of Al Wathba National Insurance plans, they can request a quote for the same. The insurance buyers are required to fill in a short, online form so that an Al Wathba Insurance agent may get in touch with them.

Quotes for the various Al Wathba National Insurance plans can be found online in a matter of a few seconds.