The Health Authority in Abu Dhabi (HA-AD) and Daman for health insurance reached an agreement today, according to which, DAMAN will keep the premium for the basic product stable at EAD 600 for the year 2008. The basic product is a health insurance product exclusively provided by DAMAN to individuals (and their dependants) with incomes not exceeding Dh3,000 with housing or Dh4,000 without housing.
The basic product provided by DAMAN and closely supervised by HAAD covers healthcare services within the Emirate of Abu Dhabi through an authorized network of healthcare providers with an upper limit of Dh250,000 annually. HAAD compliments DAMAN on having achieved the goal of price stability through a continued focus on efficiency and customer value.
'It is one of our key objectives as a regulator to ensure affordable healthcare for all residents of the Emirate of Abu Dhabi and we do not want to unnecessarily increase the burden on the employers who finance the health insurance premiums for their expatriate employees. We therefore are proud to have reached the agreement with DAMAN to not raise prices on the basic product and hope that other insurers will pay equal attention to maintaining price discipline' said Dr. Finn Goldner, Head of Health System Financing, HA-AD (Emirates News Agency, WAM)
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