GEC NEWS WIREHAYAH Insurance PJSC introduced an innovative alternative to the Dubai Employment and Welfare System (DEWS) for companies in the Dubai International Financial Centre (DIFC). The enhanced Employee Secure Saver is tailored to meet the diverse needs of DIFC businesses, offering a more cost-effective solution for all sizes and structures.
Endorsed and approved by the Central Bank of the UAE (CBUAE) and the Securities and Commodities Authority (SCA), the innovative digital pension solution aims to revolutionize the management of retirement funds and End-of-Service Benefits. The platform ensures that every employee can look forward to a secure and comfortable retirement.
Employee Secure Saver distinguishes itself with access to a wide array of investment funds, including an exclusive guaranteed dollar fund and Shariah-compliant options.
This flexibility empowers employees to choose investments that align with their personal and financial goals, significantly ad retirement security and flexibility. Additionally, the plans are cost-efficient compared to DEWS, offering further advantages for employees, and can also be complemented by the addition of biometric covers (death and disability) to provide supplementary protection companies can benefit from deductions for corporate taxes, further enhancing the financial attractiveness.
Mohamed Seghir, CEO of HAYAH Insurance, said, “We are excited to introduce this transformative solution to the DIFC community. Our platform not only simplifies retirement planning but also offers unprecedented investment opportunities, making it an attractive and cost-effective option for forward-thinking businesses. With the introduction of Corporate Taxes in the UAE, it also includes a certificate of deduction that plays a crucial role in the tax planning for corporations.”
“The confidence placed in us by various regulatory bodies is a testament to our commitment to innovation and security,” said, Adil Saghir, Head of Pensions and End-of-Service Benefits at HAYAH Insurance. “We are confident that our digital pension platform will set a new benchmark for retirement planning in the DIFC and beyond, in other free zones, mainland or abroad. At HAYAH, our goal is to provide businesses with not only a cost-effective solution but also one that enhances the financial well-being of their employees. We believe in empowering our clients with tools that simplify complexity and maximize benefits.”
