Travel insurance is a short term insurance policy that ensures that you travel smoothly and safely with no problems. It offers protection against travel related emergencies such as loss of luggage, delayed flights, trip cancellation, flight accident and other emergencies or damages that one might face while traveling. You never know what difficulties you might face when you are travelling to another place and it is very important to stay protected. The banks in UAE offer travel insurance policies with attractive features and benefits but the applicant needs to fulfil the eligibility criteria in order to apply for the insurance policy. Though each bank has a different eligibility criteria, there is also a general eligibility criteria that applies to all banks.
Eligibility Criteria for Travel Insurance
Listed below is the eligibility criteria for travel insurance policy in UAE.
- Age: The applicant needs to be of a certain age in order to be eligible for the travel insurance policy in UAE.
- Residency: The applicant should be residing in UAE. It is to be noted that some banks don’t offer travel insurance for expats and cater only to UAE nationals.
- Employment: The applicant should either be salaried or self-employed to avail the insurance policy.
- Income: The applicant should earn a minimum amount of income.