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16/02/2014 09:28 AST
A memorandum of understanding (MoU) was signed between Dhofar Insurance Company and Munich Health Daman Holding for forming a joint venture company specialised in health insurance in Oman, said a disclosure statement posted by Dhofar Insurance on MSM website.
If everything goes well, it will be the first specialised health insurance company in Oman.
In fact, Oman government actively considered a plan for introducing compulsory healthcare insurance for expatriate workers in the corporate sector few years ago, but no decision has been taken so far.
Cashless scheme
Employee medical insurance is a cashless scheme wherein the insurance company, which ties up with a network of hospitals/polyclinics, gets volume business and the employees of its corporate clients get access to cashless healthcare facilities. Once the company pays its group medical premium, there is no administrative work for the company and all worries related to employee healthcare would rest with the insurance company and the concerned hospital.
Authorities will have to monitor the private hospitals and polyclinics to check malpractices, before making group medical insurance mandatory. Private health centres have to be better regulated and corporate governance should be introduced there. More than 10 local companies and several multinational firms are currently offering employee group medical insurance to the sultanate's corporate clients.
Times of Oman
27/04/2014
Dhofar Insurance Co has reported a five per cent growth in net profit to RO1.66mn for the first quarter ended March 31, 2014, compared with a net profit of RO1.58mn for the corresponding period of th
Muscat Daily
07/03/2013
The court of appeal supported the decision of the disciplinary committee of CMA imposing a fine of R.O. 5000 on Dhofar Insurance Company for violation of some of the rule pertaining to the convene of
Press Release
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26/04/2025
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Trade Arabia
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Saudi Gazette
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The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
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Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
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