Group medical insurance is beneficial in several ways. Firstly, it allows you to provide an important and legally mandatory employee benefit in the UAE at lower cost. The risk is evenly distributed among all employees. Moreover, these plans can be bought without tedious paperwork or formalities, making them popular in the corporate world. Partnering with the right insurer can help you pass on several benefits to your employees. Take a look. 1. Cashless Hospitalization Across a Wide Network of Hospitals A wide network
The UAE has one of the most developed healthcare infrastructures in the world, ranking among the top 10 in the world in 2018. To ensure proper access to effective medical treatment for all, both Dubai and Abu Dhabi have made it mandatory for companies to provide compulsory group health insurance to employees. In Dubai, the final phase of the mandatory Essential Benefits Plan (EBP),Β rolled out by the DHA, was concluded in June 2016. With this, employers with less than 100
Large companies routinely invest in group insurance policies for risk management. One of the most affordable health insurance plans in the market, group health insurance, are mandatory for small and medium enterprises (SMEs) in the UAE too. Due to the many benefits provided by these plans, they act as vital tools to attract and retain employees. Letβs take a look at various ways group medical insurance can benefit SMEs. 1. Customisation of Policies For a small company, a group medical insurance policy
Health insurance provided by an employer can boost employee morale as well as increase the employee retention rate. It gives employees a sense of security and the satisfaction that they work for a company that cares about their well-being. Moreover, if you are operating in Abu Dhabi, Dubai or anywhere else in the UAE, you are legally required to provide health insurance coverage to your employees and their dependents. With health insurance as a part of your compensation package, it can
- 1
- 2