Insurance
Every policy the company holds — staff medical, site risks, liability and vehicles — with what it covers, what it costs and when it renews.
Group medical renews on 31 Oct — 29 days left.
Cover cannot lapse: in Dubai a visa cannot be issued or renewed without valid health insurance, and Ramesh Thapa's renewal is in progress now. Ask for quotes this week so the partners can compare by 16 Oct.
Renewal quotes requested from 3 insurers. The member list (24 staff + 3 dependants), claims history and current benefits went out at 10:42 AM. Replies are due Mon 12 Oct.
Premiums per year
AED45,400
7 policies · ≈ AED 3,783 a month
People covered (medical)
27
24 staff + 3 dependants · Basic 18 · Enhanced 6
Next renewal
29 days
Group medical · 31 OctQuotes neededQuotes requested
ILOE subscribed
22 / 24
Prakash overdue · Abdul by 14 Jan
Policies
Sorted by renewal date
Group medical
Gulf Shield Insurance- Policy
- GSI-GRP-22871
- Members
- 24 staff + 3 dependants
- Plans
- Basic 18 · Enhanced 6
- Premium
- AED 21,600 a year
- Renews
- 31 Oct 2026
Vehicles × 3
Gulf Shield Insurance · motor- Toyota Hilux J 451273,25017 days
- Toyota Hiace K 773104,100Valid
- Nissan Sunny F 209842,350Valid
Agency repairHilux · Sunny
Claims this year1 · Hiace mirror, AED 850
Comprehensive · AED 9,700 a yearVehicles
Workmen's compensation
Oasis Assurance · incl. employer's liability- Policy
- WC-55102
- Covers
- All 24 employees, on site and travelling
- Wages declared
- AED 1,106,400 a year
- Premium
- AED 6,400 a year
- Expires
- 15 Nov 2026
Claims this year: noneReminder 16 Oct
Contractor's All Risk
Oasis Assurance · project policy- Policy
- CAR-26-0418
- Sum insured
- AED 404,600 (contract incl. VO-02)
- Premium
- AED 2,900 · charged to the project
- Expires
- 30 Nov 2026 · handover 30 Oct
TS-26-020 needs its own CAR before 12 OctTo arrange
Third-party liability
Oasis Assurance · company-wide- Policy
- TPL-7731
- Limit
- AED 2,000,000 per event
- Covers
- All sites, warehouse and office
- Premium
- AED 4,800 a year
- Expires
- 31 Jan 2027
Certificate shared with 5 clients and mallsTPL-7731.pdf
ILOE
Unemployment insurance · per employee92%
- PSOverduePrakash Shrestha
- AKPendingAbdul Kareem
Category A · AED 5 a month, paid by the employeeRemind
Medical members
Gulf Shield GSI-GRP-22871 · annual premium per member, AEDExport
| Employee | Plan | Card no. | Dependants | Premium | Status |
|---|---|---|---|---|---|
AK Arun Kumar TS-E001 |
Enhanced | GSI-55120-01 | 2 | 2,850 | Active |
PN Priya Nair TS-E002 |
Enhanced | GSI-55120-02 | — | 1,450 | Active |
JM Joseph Mathew TS-E003 |
Enhanced | GSI-55120-03 | 1 | 2,150 | Active |
MR TS-E004 |
Enhanced | GSI-55120-04 | — | 1,450 | Active |
RT Ramesh Thapa TS-E005 |
Basic | GSI-55120-05 | — | 600 | Active |
VR Vignesh Raman TS-E006 |
Basic | GSI-55120-06 | — | 600 | Active |
FK Faisal Khan TS-E007 |
Enhanced | GSI-55120-07 | — | 1,450 | Active |
SP Sunil Perera TS-E008 |
Basic | GSI-55120-08 | — | 600 | Active |
RM Rahul Menon TS-E009 |
Enhanced | GSI-55120-09 | — | 1,450 | Active |
BG Bikash Gurung TS-E010 |
Basic | GSI-55120-10 | — | 600 | Active |
AV Asha Varghese TS-E011 |
Basic | GSI-55120-11 | — | 600 | Active |
JJ Jomon Joseph TS-E012 |
Basic | GSI-55120-12 | — | 600 | Active |
SI Shahid Iqbal TS-E013 |
Basic | GSI-55120-13 | — | 600 | Active |
DR Dil Bahadur Rai TS-E014 |
Basic | GSI-55120-14 | — | 600 | ActiveOn leave · emergency cover abroad |
RC Ronald Dela Cruz TS-E015 |
Basic | GSI-55120-15 | — | 600 | Active |
AH Anwar Hossain TS-E016 |
Basic | GSI-55120-16 | — | 600 | Active |
GP Ganesh Pillai TS-E017 |
Basic | GSI-55120-17 | — | 600 | Active |
MS Mohammed Salim TS-E018 |
Basic | GSI-55120-18 | — | 600 | Remove 24 Oct |
KB Krishna Bahadur TS-E019 |
Basic | GSI-55120-19 | — | 600 | Active |
RH Rakib Hasan TS-E020 |
Basic | GSI-55120-20 | — | 600 | Active |
SK Suresh Kumar TS-E021 |
Basic | GSI-55120-21 | — | 600 | Active |
IA Imtiaz Ali TS-E022 |
Basic | GSI-55120-22 | — | 600 | Active |
PS Prakash Shrestha TS-E023 |
Basic | GSI-55120-23 | — | 600 | Active |
AK Abdul Kareem TS-E024 |
Basic | GSI-55120-24 | — | 600 | Added 14 Sep |
| 24 members | 3 | 21,600 |
Rates: Basic 600 · Enhanced 1,450 · dependant 700 a year. Abdul Kareem was added mid-term on 14 Sep; Mohammed Salim is removed on his last day, 24 Oct, and the unused premium is credited back.
Premiums summary
AED a year · paid upfront, spread monthly in the accountsOverhead (medical, WC, TPL, vehicles)42,500
Charged to projects (CAR)2,900
Total per yearAED 45,400
Per employee ≈ AED 1,892 a year. ILOE is paid by employees and not included.
Cover checks
- Every employee has medical cover
- Workmen's comp covers all site staff
- CAR for every active site
- ILOE for every employee
Medical renewal plan
New cards must be live on 1 Nov- Member list checked
- Request quotes from 3 insurers
- Quotes requested
- Quotes back
- Compare and approve
- Pay premium · add Sanjay Lama
- New e-cards to all staff
Quotes
Gulf Shield Insurance (current)Awaiting
Oasis AssuranceAwaiting
Crescent Health InsuranceAwaiting
Expect a 5–8% increase
31 claims this year cost the insurer AED 14,260 — a 66% loss ratio on AED 21,600. Budget AED 22,700–23,300 for the renewal, or move the 6 Enhanced members to Basic plus to hold the price.