RAK DED launch affordable health insurance to companies in Ras Al Khaimah

Ras Al Khaimah’s Department of Economic Development (DED) has launched an online health portal for the Emirate called Sehteq. Sehteq offers optional and affordable health insurance coverage for companies licensed by DED. Sehteq is a state-of-the-art health care platform that combines ‘Insurtech’ and ‘Healthtech’, the latest technologies in the insurance and health industries.

“The Sehteq commitment demonstrates how the DED continues to work towards the vision of His Highness, Sheikh Saud bin Saqr Al Qasimi to grow and support SMEs,” said Dr. Abdulrahman Al Naqbi, Director General, Department of Economic Development in Ras Al Khaimah.

Dr. Al Naqbi added, “SMEs are the core of our economic growth. Initiatives like Sehteq will help SMEs to grow and attract the right talent by encouraging a healthier and more productive workforce. Moreover, this initiative will nourish the private healthcare sector in the Emirate and attract local and international investments to meet the additional demand on health services. Sehteq is a proactive step in exceeding minimum standards and achieving our customer happiness goals, well before it becomes compulsory by federal laws. The department will also be launching ‘Innovation Month’ with a number of innovative business ideas and initiatives.”

Dr. Saif Al Jaibeji, Sehteq’s chairman, commented, “Sehteq provides clients with the options to choose the right health insurance coverage with the use of latest technology. Within minutes, the customer can buy and activate his/her health insurance coverage on the portal. Additionally, it offers the client the option to use of an Emirates ID instead of an insurance card, adding another layer of convenience to the customers.”

Claude Zoghbi, General Manager of RAK Insurance stated, “It is a remarkable step for Ras Al Khaimah Emirate to be the first Northern Emirate and the third after Abu Dhabi and Dubai to introduce a unique health insurance scheme which will provide protection to SMEs and investors from healthcare related financial burdens. RAK Insurance, being one of the conceptualizers, is delighted to be part of this initiative in partnership with RAK DED and RAK Incubation. The Sehteq technology driven digital platform will offer economical healthcare solutions. As a prominent RAK based insurance provider this is an attractive opportunity for us to serve RAK SMEs and investors. This initiative will trigger more ideas in developing other insurance products for asset protection and business contingencies.”

The portal will provide five different plan options, which are built to suit all categories of consumers and needs in Ras Al Khaimah. The options start with the ‘Sehteq Basic Plan’, which provides coverage in Ras Al Khaimah. ‘Sehteq Plus’ covers the Northern Emirates, and ‘Sehteq Elite’ operates throughout the UAE. Two additional plans for regional and global coverages are suitable for multinational companies and investors. 

Mohammad Alhawari, Takaful Emarat’s Managing Director and Executive Board Member, noted, “We are honoured to be the exclusive Takaful provider for Sehteq and are committed to this unique initiative. We share the same vision as the Ras Al Khaimah Department of Economic Development, which is in line with Takaful Emarat’s strategy to provide a comprehensive portfolio of best-in-class Health and Life insurance products, in an innovative manner. We look forward to the start of our fruitful relationship with these two key institutions.”

Sehteq is a true partnership between the public sector represented by DED and a private consortium of local and multinational companies. This initiative is managed by RAK Incubator and Accelerator while the technology is provided by innovative startups incubated in Ras Al Khaimah. The insurance plans are covered by local, multinational and ‘Takaful’ licensed insurance companies.