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SME Group Life

Introducing Zurich’s Group Life Policy tailored to SMEs

Zurich’s Group life insurance ensures your employees' families receive financial support in the unfortunate event of death, including repatriation expenses.

By safeguarding your team against life's uncertainties, you inspire confidence, productivity, and loyalty.

The evolving UAE employer market

The Government is leading the way

  • The UAE Ministry of Finance has a robust agenda to support SMEs, recognizing their crucial role in the economy.
  • As of mid-2022, the number of the SMEs is 557,000. SMEs contribute as much as 63.5% to the non-oil GDP. It is forecasted that there will be 1,000,000 SMEs in the UAE by 2030.
  • Over past 2 years, the Government of UAE has undertaken policy-related initiatives to solidify its standing as a preferred destination for global talent.

Top Changes in employment market (UAE)

New Loss of Employment Insurance
73%
Abolition of unlimited contracts
60%
Condensed working week
59%
New categories of leave
58%
Equal pay for equal work
45%

Accidental Death Coverage

  • Coverage for death of a member up to AED500,000
  • Terminal illness: Pays 50% of the sum insured.
  • Body repatriation expenses: Up to AED10,000.

Permanent Partial and Total Disability

  • 6-month deferred period.
  • Assessed on "own or similar" occupation.
  • Minimum 25% degree of disability.

Eligibility

  • Employees based in the UAE (with a UAE contract & visa).
  • Age: 18-64.
  • Minimum work commitment of 16+ hours per week, including part-time employees.
  • High-risk industries and occupations are excluded (consult your adviser for details).
  • Coverage includes travel, except for high-risk locations (refer to policy terms & conditions).
  • 5 to 100 employees

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# Date of Birth Gender Role Cover (AED) Action
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