Qatar

Axco provides details on the life insurance sector including Qatar market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in Qatar, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of Qatar's pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The Qatar report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

There are no meaningful statistics relating to the life insurance and family takaful insurance markets in Qatar.

Group and individual family term life takaful products are available from some companies licensed by the QCB (and operating under its regime). Conventional individual life insurance savings and protection products are available from companies authorised by the QFCRA to operate in the QFC. Qatari nationals and expatriate residents of the country can freely access regional and global markets ....

There is still very little corporate or individual pensions business in the private sector insurance market, although Zurich International Life offers a range of personal plans for retirement.

For Qatari nationals working in the state sector, the state provides pensions, while expatriates receive a statutory end of service benefit (EOSB) based on salary and service. Although there are ongoing attempts to encourage more Qataris to work in the private sector, most (about 80%) work for the government ....

The government-owned health system remains heavily subsidised by the state: it is open to Qatari citizens and expatriates alike. Qatari national residents and GCC nationals can purchase a health card at a cost of QAR 50 (USD 13.74) per annum, entitling the holder to basic medical care at nominal cost in government hospitals and clinics. The same option to purchase a health card also applies to resident expatriates, although the annual cost of the card is QAR 100 (USD 27.47). All health cards can be renewed on an annual basis at the charges mentioned ....