An improved insurance coverage offers higher compensation for Indian expat workers in the UAE and ensures financial security for their families.
The Indian Consulate in Dubai has expanded its 'Life Protection Plan' to offer enhanced financial security for Indian expat workers in the UAE. The new insurance scheme, in collaboration with Dubai National Insurance (DNI) and Nexus Insurance Brokers, provides Dh35,000 in compensation for natural or accidental deaths.
The initiative fills a critical gap, as many companies only provide health and workplace injury insurance, leaving families vulnerable in cases of natural death.
The Indian Consulate urges employers to adopt this cost-effective plan, benefiting their workforce and reinforcing corporate responsibility. With over 4.3 million Indian expatriates in the UAE, the initiative strengthens financial resilience and enhances worker well-being.
With increased financial security, Indian expatriates may be more inclined to invest in local real estate, driving demand for affordable housing. Enhanced worker stability can also bolster market confidence, positively influencing UAE’s rental and property sectors.
The expansion of this insurance plan is a strategic step towards securing the future of expatriate families. Employers, investors, and policymakers should recognize this development as a key factor in shaping a more resilient workforce and a thriving real estate market.
