Friends Provident International has announced the launch of the Optus Group Protection policy in the Middle East.
The main benefit of the policy is life cover. Additional benefits - such as total and permanent disability benefit - can be included if required.
Some of the benefits the Optus Group Protection policy offers are: Flexible benefit levels; Minimum membership of just five employees per benefit group - no maximum; A choice of policy currencies - UAE dirham, US dollars, euro and sterling; Life cover of up to five times an employee's annual salary; Accidental death benefit; Total and permanent disability benefit; Free cover limit; Repatriation benefit
Philip Story, head of employee benefits (Middle East) at Friends Provident International, says: "The Optus range can help employers to meet their gratuity requirements and to recruit and retain the quality employees they need to develop their business."
In the UAE it is compulsory for employers to provide a lump sum - or gratuity - for an employee at the end of their employment, regardless of age, providing they have completed more than one year's continuous employment.
