The UAE novel Insurance Policy 2018 in addition to UAE banking concern Guarantee refund 2018 rules which announced yesteryear UAE Cabinet inwards July to start out from xv Oct 2018.
UAE Insurance Policy Rules 2018:
The novel insurance policy replaces existing 3000 AED banking concern guarantee system which simply costs sixty AED annually, providing coverage upto 20,000 AED per worker.
Which are the Benefits to locomote Cover inwards New Insurance Policy:
The latest insurance policy covers below benefits:
1: End-of-service benefits
2: Vacation allowance
3: Overtime allowance
4: Unpaid wages
5: Worker’s furnish ticket
6: Cases of injuries at operate place
New Insurance Policy for Domestic Workers:
The novel insurance policy 2018 of domestic workers besides covers the terms of replacing the domestic worker inwards cases of his/her intermission of work, wellness issues or the wishing (of the domestic worker) to cancel the working relationship.
End of Service Benefits for Domestic Workers:
In instance of non-payment yesteryear employer (company), it besides covers a domestic worker's unpaid reward in addition to his/her fiscal benefits which include end-of-service in addition to leave allowances in addition to overtime allowance.
How to Apply for New Insurance Scheme:
The assistant undersecretary, Aisha Bel Harfia said that establishments registered with the ministry building volition convey ii options to collect banking concern guarantees and purchase novel insurance 2018 for employers.
Option 1:
The kickoff is to purchase insurance that tin sack locomote issued straightaway afterwards typing the operate permit application at Tasheel or other establishments that tin sack consummate their ain applications using the Tasheel e-service.
Option 2:
The other choice is to submit 3000 AED banking concern guarantee refund on behalf of the employee (worker), equally per the rules in addition to regulations of the electrical current banking concern guarantee system, which volition locomote available amongst the novel insurance system.
This volition let employers (companies) to pick the choice that suits them.
How to Refund Bank Guarantees inwards UAE:
The bank guarantees volition locomote refunded to establishments (companies) when cancelling operate permits of workers covered yesteryear these guarantees, which volition thereby (also) terminate the working human relationship betwixt both parties (employer in addition to employee) or when purchasing the novel insurance policy upon renewal of the employee’s operate permit, on the status that the fellowship has non committed violations (no fines) related to non-payment of salaries during the concluding half dozen months earlier the renewal of the expired operate permit.
Apply Insurance through Tasheel, Tadbeer Service Centres:
Service Bel Harfia clarified that the insurance document volition locomote issued upon submitting applications through either Tasheel or Tadbeer service centres.
Insurance documents for mortal sector employees in addition to domestic workers registered with MOHRE (ministry) volition locomote issued through an insurance company that includes national insurance companies operating across UAE, which convey been chosen according to specific criteria.
So, if y'all wanted to apply for banking concern guarantee refund, it’s your fourth dimension to create it, equally the issuance of new UAE insurance 2018 for employees is already started from Oct 15.