DIFC companies to benefit from Master Employee Health Insurance Policy

DIFC has signed a memorandum of understanding (MoU) with EC3 Brokers to implement a Group Health Insurance Master Policy.

The Group Health scheme will be available to over 2,400 active registered firms in DIFC who provide health insurance to their 25,600 professionals. It is the first scheme of this nature to be developed in Dubai’s financial centre and in the region.

The agreement is for EC3 to facilitate the purchase of cost-effective health insurance for DIFC registered companies across all sectors. The scheme will provide participating companies access to mandatory health cover for their employees and dependents and will support SMEs in gaining access to high-level coverage while streamlining their costs that are comprehensive and reasonable.

As part of the agreement, EC3 Brokers will act as an intermediary to facilitate the tendering process to shortlist the insurer and the third-party administrator contractual partners in the UAE. Criteria will be agreed by both DIFC and EC3 Brokers.

Located in the DIFC, EC3 Brokers Limited is licensed by the Dubai Financial Services Authority (DFSA) to conduct the regulated financial services of “Insurance Intermediation” and “Insurance Management”.