UAE - employee ins. system to start on October 15
Thursday, 10 11 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Ministry of Human Resources and Emiratisation (MoHRE) has said that the issuance of employee insurance will begin on October 15.
This comes as per the UAE Cabinet’s decision to scrap the compulsory bank guarantee and replace it with a low-cost insurance system, according to the ministry.
Aisha Bel Harfia, Assistant Undersecretary for Domestic Worker Affairs, said the ministry has taken all necessary measures to begin issuing insurance documents and refunding bank guarantees to the employers, starting from the aforementioned deadline.
Source: Gulf News