DIFC Businesses Offered Revolutionary Retirement Solution by HAYAH Insurance
HAYAH Insurance PJSC is bringing a wave of change to the Dubai International Financial Centre (DIFC) with the introduction of a groundbreaking digital pension plan. This innovative solution serves as a welcome alternative to the existing Dubai Employment and Welfare System (DEWS), catering specifically to the needs of DIFC companies of all sizes and structures.
Approved by the Central Bank of the UAE (CBUAE) and the Securities and Commodities Authority (SCA), HAYAH’s enhanced Employee Secure Saver plan promises to revolutionize how businesses manage retirement funds and End-of-Service Benefits for their employees. The digital platform empowers employees to plan for a secure and comfortable retirement with a wider variety of investment options, including a unique guaranteed dollar fund and Shariah-compliant choices.
This enhanced flexibility allows employees to tailor their investments to their personal financial goals, significantly boosting their retirement security and offering greater control. Additionally, the plans are more cost-effective compared to DEWS, providing a clear financial advantage for employees. Businesses can further enhance the package by incorporating biometric covers (death and disability) for additional protection, while also benefiting from corporate tax deductions.
Mohamed Seghir, CEO of HAYAH Insurance, enthusiastically shared, “We are thrilled to introduce this transformative solution to the DIFC community. Our platform simplifies retirement planning while offering unparalleled investment opportunities, making it an attractive and cost-effective option for forward-thinking businesses. With the introduction of Corporate Taxes in the UAE, the plans come with a certificate of deduction, playing a vital role in corporate tax planning.”
Beyond the benefits for employees, HAYAH’s digital solution streamlines HR operations for businesses. Real-time tracking, transparent reporting, and personalized insights empower HR departments while reducing operational costs. This modern approach ensures efficient pension plan administration that strictly adheres to regulatory standards.
“We developed this enhanced Employee Secure Saver specifically for DIFC companies seeking an alternative to DEWS, which often fell short in terms of investment options, fund performance, flexibility, and ease of administration,” explained Adil Saghir, Head of Pensions and End-of-Service Benefits at HAYAH Insurance. “Cost was another significant factor driving companies to seek alternatives.”
“The trust bestowed upon us by regulatory bodies is a strong testament to our commitment to both innovation and security,” added Adil Saghir. “We are confident that our digital pension platform will set a new standard for retirement planning in the DIFC, and potentially even beyond, in other free zones, the mainland, and even abroad. At HAYAH, our mission is to provide businesses with cost-effective solutions that prioritize the financial well-being of their employees. We empower our clients with tools that simplify complexities and maximize benefits.”
As a leader in the digital transformation of the insurance industry, HAYAH Insurance offers top-tier services to its clients and their employees. DIFC companies can explore this revolutionary digital pension solution by visiting the HAYAH website at http://www.hayah.com/ or contacting them at contact@hayah.com. This is a chance to redefine retirement planning for your workforce.
