Insurance system for employees in the private sector (Taa-meen)

Instead of keeping a bank guarantee of AED 3,000 with the Ministry of Human Resources and Emiratisation, employers can opt to buy insurance for employees. Called Taa-meen, the insurance will provide a maximum insurance coverage of AED 20,000 per employee and protect the employee from the company’s bankruptcy or failure to get his benefits. In case the insurance company pays the employee, the employer will have to repay the same to the insurance company.

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