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AXA Green Crescent Insurance Company rolled out a workplace savings plan to help UAE employees save for their retirement and improve their financial well-being.
The Employee Secure Saver plan helps employers provide employees with a savings vehicle similar to those available globally, the insurer said in a statement on Monday.
“Many in the country remain unaware that end-of-service benefit in the UAE is unlikely to be sufficient on its own for retirement – a life goal that requires careful planning,” Mohamed Seghir, chief executive of AXA GCIC, said.
Many in the country remain unaware that end-of-service benefit in the UAE is unlikely to be sufficient on its own for retirement