Home Business & Finance Ajman Free Zone signs agreement with Dubai Insurance Company

Ajman Free Zone signs agreement with Dubai Insurance Company

0

AJMAN: Ajman Free Zone has signed a Memorandum of Understanding and associated documents with Dubai Insurance to provide insurance services to workers employed by companies operating within the Free Zone.  The new service will replace the current bank guarantee system and will cover all workers’ dues including the end of service gratuity, annual leave unpaid salaries and the cost of a return ticket home. 

Mohammad Tahsin Al Ali, Chief Operating Officer at Dubai Insurance Company attended the signing ceremony, with Fatma Salem, Acting General Manager of Ajman Free Zone and senior representatives from both parties.

Acting General Manager of Ajman Free Zone, Fatma Salem commented: “This agreement forms part of our endeavours to protect the rights of all workers in Ajman Free Zone, as well as assisting investors by removing a financial commitment.  We will continue to take more steps towards making workers’ lives easier, while safeguarding investors’ interests.” 

As per the MoU, Dubai Insurance Company will issue insurance documents for workers that aligns with the terms and conditions stated, ensuring the targeted objectives are achieved in a timely manner.

Load More Related Articles
Load More By editor
Load More In Business & Finance

Check Also

dnata Travel announces 58% growth in bookings for travel to Ireland from the UAE

DUBA: Travel from the UAE to the island of Ireland has seen strong growth from 1st Ja…