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Packages to attract quality staff
 

 

Employee benefits schemes of which Group Life Insurance constitutes a major part have now become an integral element of an employment contract  

Life Insurance whether to cover a group, a person or an individual is designed to provide funds to the survivor, family or business in the event of death or disabilities.

Insurance provides financial security where a depends on the insured's income. Irrespective of the size and nature of the business, employee benefits plans have become very important both to the employer as a business cost and the employees as part of their total remuneration package. Careful handling of these plans has become vital to the employers' success.

As the employment market in the Gulf region has developed, so have the standard of remuneration packages. Salary alone is not enough to attract quality staff any- more. Employee benefits schemes of which Group Life Insurance constitutes a major part have now become an integral element of an employment contract.

 

Therefore companies wishing to employ and retain better quality staff now offer a full range of employee benefits. This will undoubtedly include Life Assurance Cover, Personal Accident Benefits and Medical Ex- penses Insurance.

Alliance is one of the leading providers of Group Life and other employee benefit schemes throughout the Gulf with over 25 years of experience. Alliance has pioneered employee benefit schemes by developing and introducing innovative products, which include:

  • Group Life Insurance
  • Group and Individual Personal Accident
  • Credit life for Borrowers/Depositors Group Insurance
  • Newspaper Subscriber Insurance etc.

With a specialist group department based at our head office, Alliance is able to tailor make packages to suit the needs of every business from the largest to the smallest. The company has the reputation of being a good claim paying company. Being locally-based, the company makes decisions quickly and claims are thus settled with minimum amount of hassle.

Alliance is also one of the pioneers in this market for providing insurance packages to affinity groups. This includes bank loan borrowers, newspaper subscribers wherein protection is provided to a large section of people who are not employees of a company but are linked to it through the services provided.

The Alliance insurance package with the Khaieej Times to provide insurance cover to its subscribers, is a good example of one such innovation. This was a first for insurance business anywhere in the world. This scheme which has been running successfully and is being emulated by other insurance providers all over.

 

 
 
 
 
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