Insurance indemnity plan 'mandatory for GCC nationals'

The insurance indemnity plan for GCC nationals working in the Gulf countries, in both the private and public sectors, will be mandatory, said Shaikh Hamdan Bin Rashid Al Maktoum, Dubai Deputy Ruler and UAE Minister of Finance and Industry and Chairman of the General Pension and Social Security Authority.

The speech read out on Shaikh Hamdan's behalf during a seminar, Role of the Media and Public Relations in expanding Awareness of Social Security, said the indemnity plan will take effect next January.

The seminar held by the General Pensions and Social Security Authority (GPSSA) was organised in accordance with the plans laid out at the meeting in Muscat by the presidents of the civil retirement and social security bodies.

Based on the GCC ministers' decision, employers will be subject to the pension and social security system in the worker's home country and the country where he is employed.

The General Pensions and Social Security Authority said this new indemnity plan will ease the movement and employment of GCC nationals among the GCC countries.

Abdul Rahman Al Baqer, Deputy General Manager of the General Pensions and Social Security Authority, said: "A key goal of the seminar will be to highlight the importance of media."