A “Life Protection Plan (LPP)” has been launched in United Arab Emirates (UAE), specifically designed for Indian expatriates, especially blue-collar workers.
Key points
- The LPP stands out for its inclusion of insurance coverage for natural deaths, marking a significant highlight of this initiative.
- With approximately 3.5 million Indians residing in the UAE, constituting around 65 percent of whom are blue-collar workers, this group forms one of the largest contingents of migrant workers in the country.
- The ‘Life Protection Plan’, not only provides coverage for natural deaths but also offers a range of benefits.
- These include 24-hour global coverage, death benefits for both natural and accidental causes, as well as compensation for permanent total or partial disability resulting from accidents.
- Effective from March 1, 2024, the LPP offers various sum assured options with minimal premiums starting at AED 37 per annum.
