OUR SERVICES
Employee Benefits
EMPLOYEE BENEFITS LIABILITY PROVIDES COVERAGE TO AN EMPLOYER FOR ERRORS OR OMISSIONS IN THE EMPLOYER’S ADMINISTRATION OF ITS EMPLOYEE BENEFIT PROGRAM.
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For example, if a new employee requests to receive medical insurance through the employer and the employer failed to add the new employee to the plan. Then the health insurance company later denies coverage for the employee’s medical claim. The Employee Benefits Liability coverage would pay for the benefits that would have been payable under the health insurance plan but for the employer’s error.
EMPLOYEE BENEFITS
Group Medical
Having a Medical plans is important as it provides protection against financial contingencies in the event of medical emergencies, normal illness, and accident related treatment cover, both in Patient and Outpatient. A comprehensive medical coverage for corporate groups (comprising of employees and/or their dependents) can be tailored to meet your specific requirement with a direct billing facility with global, regional or on country specific basis. Wider scope can be achieved at better rates through various prominent Medical Plans in the region (both Local and Internationalcompanies).
EMPLOYEE BENEFITS
Group Life
The basic cover under a Group Life plan is accidental and/or natural death occurring to the client anywhere in the world. This can be extended to include Permanent Total Disability, Permanent Partial Disability and Temporary Total Disability following accidents and/or sickness. The plan can also be extended to include Medical Expenses cover and Repatriation Expenses. The benefit limit per employee can be selected. The Workmen’s Compensation insurance while providing benefits against industrial injury and death excludes natural death and the cover will be limited to UAE. Therefore, it is recommended that this cover be taken either as an extension of Workmen’s Compensation or independently as a standalone cover. Various options are available.
EMPLOYEE BENEFITS
Pension Plans
Pension plans are investment plans that lets you allocate a part of your savings to accumulate over a period and provide you with steady income after retirement. Retirement & Pension Plans provide you with financial security so that when your professional income starts to ebb, you can still live with pride without compromising on your living standards. Given the high cost of living and rising inflation, Retirement planning has become all the more important.