Ajman Free Zone Join hands with Dubai Insurance Company to replace the current bank guarantee with new service
Ajman Free Zone has made a Memorandum of Understanding and associated documents with Dubai Insurance to give insurance services to laborers employed by companies working within the Free Zone. The new service will replace the present bank ensure framework and will cover all workers dues incorporating 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 delegates from both parties.
Acting General Manager of Ajman Free Zone, Fatma Salem remarked: This understanding structures part of our endeavours to secure the privileges of all workers in Ajman Free Zone, as well as assisting investors by removing a financial commitment. We will keep on keep on making more steps towards making workers lives simpler, while protecting investors interests.
As per the MoU, Dubai Insurance Company will issue insurance documents for workers that lines up with the terms and conditions stated, ensuring the focused objectives are achieved in a timely manner.
