Search DubaiPRNetwork.com

Home >> Banking & Investments

More than 700 insurance certificates issued for AFZ workers in cooperation with Dubai Insurance

Saturday, November 16, 2019/ Editor -  

Share

Home >> Banking & Investments

AFZ is the first free zone in the country to introduce the new system


Ajman, United Arab Emirates (November 16, 2019):   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. 

Hafza Nadia Shahbaz from Misstique International showed her pleasure with AFZ recent step and said “We are pleased with the initiative launched by Ajman Free Zone to establish a new and advanced insurance system that guarantees the rights of all workers. It is great to see AFZ adopting advanced and modern practices that serve all parties. The new initiatives will serve investors and workers, benefit everyone and help business grow.”


In accordance with the partnership agreement with Dubai Insurance Company, workers' insurance certificates are issued in accordance with the conditions specified in the insurance policy to ensure the achievement of the desired objectives.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Carrefour Launches Donation Initiative to Support Humanitarian Efforts in Beirut

MBR Establishment for SME Development Emerges the Regions' Happiest Workplace

Jean-Christophe Gerard Appointed CEO, Barclays Private Bank

UniRef Launches Pilot Project to Offer University Education for 100 Syrian Refug ...

Nuwa Capital Makes First Investment in Eyewa, MENA's Largest Online Eyewear Reta ...

Emaar Malls Reports Revenue of AED 1.657 Billion (US$ 451 Million) Amid a Challe ...

Global Commercial Insurance Pricing Increased 19% in Second Quarter COVID-19 Amo ...

Pasha de Cartier

Dalma Mall Introduces New Shopping Experiences With an Enthralling Shopping Chal ...

Zaatar W Zeit UAE Launches #handinhand Initiative to Support Lebanon

RAK Academy Begins New Academic Year With High Safety Standards in Effort to Pro ...

Breastfeeding for a Healthier Future of Mother and Infants

Sharjah Ruler calls on Arabs to support Lebanon; Direct Line raises AED 30.74 m ...

Create your Signature Style with Pandora

Over One Third of Aldar Academies Students Achieve A* and A Grades in Record A-l ...

Emirates Adds Birmingham, Cebu and Houston, Taking Its Network to 74 Cities

Greenpeace Statement: Open Letter to the UN Regarding the FSO SAFER

Kia Reveals New Design for Fastback Stinger

Fan Mania Brings Disney Beauty to the Middle East – Introducing Mad Beauty

Jaguar Classic Will Celebrate 60 Years of E-type In 2021 With Anniversary Tribu ...