Beneficiary

What is a Beneficiary?

A beneficiary is a person designated to receive the benefits from a health insurance policy in the event of the policyholder's death.

How to Choose Your Health Insurance Policy Beneficiary?

• Consider who would be most financially impacted by your illness or death.
• Typically, spouses, children, or parents are chosen.

What are the Implications of Not Having a Beneficiary?

• The policy’s benefits may be held up or subject to legal proceedings.
• Benefits might eventually be distributed as per UAE's legal succession laws.

How to Appoint a Beneficiary?

• Fill out the beneficiary form provided by your insurance company.
• Clearly identify the beneficiary’s relationship to you and provide the relevant contact details.