Here we are going to discuss the Insurance Jobs in Dubai and the job description, eligibility and salary of an insurance agent in Dubai. The growing economy of Dubai and increased opportunities for expats has enhanced one of the most crucial field in Dubai, the insurance sector.
In Dubai it is mandatory for employers to provide health coverage to their employees. Sponsors have to get the insurance cover for their dependents.
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|Specified Below | A.C.I.I
|Insurance Driven Skills
|Depending Upon Position
|April 27, 2020
Insurance Jobs in Dubai & UAE (With Salary)
Types of Insurance in Dubai:
There are three types of Insurance that are widely available in Dubai:
- Life Insurance
- Property and Casualty Insurance
- Health and Long Term Care Insurance
Job Description of an Insurance Jobs In Dubai:
The core duty of an insurance agent Jobs in Dubai or an insurance sales agent in Dubai is to identify new business opportunities, call up on potential clients and build long lasting relationships by selling insurance plans to them.
Insurance agent Jobs in Dubai are also required to distribute the proceeds after settling claims. Preparing detailed reports on the progress and keeping the management informed about all updates.
Maintain records and keep proper client portfolios. Have detailed knowledge of the different policies offered by the company and the ones available in the market. Work on the marketing of insurance plans to keep an edge over the competition. Insurance agents maybe required to fulfill other administrative responsibilities as per the company policy.
Eligibility Criteria For Insurance Jobs in Dubai:
Insurance agents need a minimum of high school diploma or equivalent to work. A bachelor’s degree in finance, business or economics is definitely advantageous.
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What skills are required for an insurance jobs in Dubai:
An insurance agent in Dubai needs some key skills in order to succeed in the field. He needs strong analytical skills to compute the information given by the client, such as property value, business value, life expectancy of the client and also analyse the various risks faced by the client.
Strong communication and interpersonal skills are also required as an insurance agent deals with multiple people at the same time. Clients, insurers, underwriters all rely on the agent to carry forward the insurance policy. Therefore, it is very crucial for the agent to convey his message clearly and also understand the needs presented by the client and company.
To work as an insurance agent in Dubai, an insurance license is compulsory. The license is issued by the Insurance Authority (IA) and is valid for one year after which it can be renewed. Becoming a licensed agent requires knowledge of insurance laws and regulations. Licensing board also also conducts criminal background checks and require candidates to be up to par with morals and ethics.
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Salary for Insurance Jobs in Dubai:
The average salary of an insurance agent Jobs in Dubai is 50000-60000 AED. This could go upto 75000 AED as well, depending on the experience and expertise. The commissions rank upto 10000 AED, whereas they get yearly bonuses of upto 25000 AED. These figures are referred from payscale.com and could be higher or lower depending on the company and policy.
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Must have relevant experience and education. Below are the mentioned jobs for insurance jobs in Dubai
Experience: 5 to 7 years
Expertise: Assessing Risk
Gender: Male / Female
Listed: April 27, 2020