AXA Green Crescent Ins. launches savings product
Tuesday, 04 27 2021, Category: Insurance and Reinsurance, Country: U.A.E
AXA Green Crescent Insurance Company P.J.S.C. (GCIC) has launched a first-of-its-kind locally developed workplace savings product designed to support employers in driving improved financial wellness amongst their employees in an effort to close the UAE’s worrying retirement savings gap.
The Employee Secure Saver product has been developed specifically for the UAE market, offering companies the opportunity to provide for their employees a simple and transparent savings vehicle in line with those offered across the globe, backed by one of the world’s largest insurers. Employers may tailor the product to meet their precise needs, whether ringfencing end-of-service liabilities or as a mechanism to offer enhanced benefits as a differentiator in the employment market.
Unlike other alternatives available in the UAE, the Employee Secure Saver includes a market-leading guaranteed investment option provided by AXA Group that offers full protection of a participant’s capital and past gains. This has been designed to meet the requirements of the general population, which studies have shown is often risk averse when it comes to investments.