UAE - 700 ins. certificates for Ajman Free Zone workers
Monday, 11 18 2019, Category: Insurance and Reinsurance, Country: U.A.E
Ajman Free Zone has confirmed the effectiveness of the new insurance umbrella launched several months ago in cooperation with Dubai Insurance to protect workers' rights and reduce the burden on investors of the free zone, as well as contribute to the government's efforts to protect the rights of this category.
Ajman Free Zone pointed out that the number of beneficiaries of this initiative has reached more than 700 people since its launch last August, which confirms its success and acceptance largely by investors and workers, as it is an alternative to the bank guarantee for expatriate workers, where it covers workers' benefits such as end of service gratuity, annual leave allowance, unpaid salaries and the cost of an economy class return ticket to the home of the worker.
Ajman Free Zone is the first free zone in the UAE to introduce a new insurance system to replace the current bank guarantee for expatriate workers.
"The Ajman Free Zone is doing a lot to facilitate the management of business in the region for the benefit of all parties. We also commend this exceptional initiative that takes care of the rights of investors and workers in the interest of business. We are overwhelmed with all AFZ efforts for especially launching of services related to facilitating business using digital platforms," said Maharaj Hussain Abdul Latif from Spectum Converting Industry.
Source: Emirates News Agency