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29 September, 2014

DMCC launches exclusive health insurance solution for all Free Zone members

"A key

DMCC launches exclusive health insurance solution for all Free Zone members
29 September 2014
- Health insurance solution launched in collaboration with Insure Direct (Brokers) LLC, underwritten by Daman

- Tailor-made for DMCC's members companies of all sizes so startups and SMEs can avail of insurance solutions usually only available to large corporates


Dubai - DMCC, the global gateway for commodity trade and enterprise in Dubai and the region, in conjunction with Insure Direct (Brokers) LLC, a Jardine Lloyd Thompson Group company and National Health Insurance Company - Daman, launched an exclusive health insurance solution for all DMCC's Free Zone member companies this morning.

Gautam Sashittal, Chief Executive Officer, DMCC, said:

"A key element of DMCC's long-term Free Zone strategy is our commitment to provide member companies with the products and services they require to innovate, grow and succeed here in Dubai."

"We are pleased to announce that the DMCC Free Zone are able to offer all members - whether a startup, SME or large corporation - in collaboration with Insure Direct (Brokers) LLC, a Jardine Lloyd Thompson Group company and Daman, access to an exclusive health insurance solution usually only available to large corporates. There are several packages to choose from with some benefits included such as pre-existing conditions coverage and fixed premiums for all age categories", added Krysta Fox, Director of Free Zone, DMCC.

Providing this exclusive health insurance solution for its member companies has been high on the DMCC's agenda especially as the new Emirate-wide health strategy governed by the Dubai Health Authority is set to take effect next month.

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The health insurance solution has been tailor-made exclusively for DMCC's members so that startups and SMEs can avail of world-class insurance solutions and comprehensive benefits that are usually only available to large corporates. While there are several options to choose from, all policy holders will benefit from pre-existing conditions coverage and fixed premiums for all age categories.

Kenneth Maw, Managing Director, Insure Direct (Brokers) LLC, said:

"As a part of the Jardine Lloyd Thompson group of companies, we are one of the world's largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. Partnering with DMCC and Daman allows us to broaden our network to offer comprehensive and cost-effective solutions that complies with the DMCC Free Zone regulations as well as the forthcoming health insurance law of Dubai."

Dr. Sven Rohte, Chief Commercial Officer, Daman, commented:

"We are pleased to collaborate with DMCC and Insure Direct (Brokers) LLC to offer our award-winning holistic, and comprehensive health insurance plans to DMCC Free Zone member companies of all sizes. This new collaboration will provide members with health insurance solutions that are bespoke and relevant to their needs."

The DMCC health insurance solution is offering a selection of plans to cater to all Free Zone member companies. Some of the benefits include:
• Immediate coverage of current and chronic medical conditions, including those that are pre-existing
• Full maternity coverage without waiting period
• A comprehensive network directory

For further information, please visit http://www.dmcc.ae/health-insurance

-Ends-

About DMCC
DMCC is a strategic initiative of the Government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. DMCC attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including 50-year guaranteed 0% corporate and personal income tax, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies. DMCC owns three fully operational towers which host the majority of the physical, market and financial infrastructure including the Jewellery & Gemplex facility, the specialised diamond and pearl exchanges and gold vault.

www.dmcc.ae 

About Insure Direct (Brokers) LLC
Insure Direct (Brokers) LLC is a limited liability company registered in United Arab Emirates (UAE) under the UAE Commercial Companies Law of 1984 (as amended) and is engaged in the business of insurance broking.  The address of the registered office of the Company is P.O. Box 57006, Dubai, United Arab Emirates.  The Company was incorporated on 1 Oct 2000.  With effect from 30 December 2013, the majority beneficial ownership of the Company is held by the Jardine Lloyd Thompson Group (JLT) through their fully owned subsidiary in Netherlands, JMIB Holdings BV.  The second significant shareholder of the Company is Istithmar World PJSC, a Dubai World Group Company.  Kenneth George Maw, one of the continuing founder shareholder, is the Managing Director of the Company.  We have offices in Dubai, Bahrain and Qatar and through the Jardine Lloyd Thompson Group have a global reach spread over all major regions in the world.  Our expertise enables our customers to cover all types of business risk.  In the DMCC Free Zone, we are in a joint venture relationship with DMCC.

About National Health Insurance Company - Daman
The National Health Insurance Company - Daman is the region's leading specialised health insurer, providing comprehensive health insurance solutions to more than 2.5 million members in the UAE. Daman is a public joint-stock company that is 80% owned by the Abu Dhabi Government with the remaining 20% owned by Munich Re.

Headquartered in Abu Dhabi and established in 2006, Daman offers a range of health insurance plans for both individuals and organisations and exclusively manages the Government's health programme - Thiqa - for UAE Nationals and Abu Dhabi Basic Plan - for low income expatriates. Members enjoy access to the largest healthcare providers' network in the UAE and an extensive international network of over 45 countries. Daman, a pioneer in health care insurance, drives innovation through a combination of state-of-the-art technology and healthcare-related expertise offered by a highly skilled and knowledgeable workforce. Members benefit from added value through unique offerings such as the disease and case management programmes as part of the acclaimed Health Support services. Daman also operates a 24/7 customer call centre and has a medical services authorisation team in direct contact with Daman's network of healthcare providers. It also provides a diverse range of online services that are unmatched in the UAE.

Media Enquiries:
DMCC
Henriette Svensen
PR & Corporate Communications Manager
+971 4 375 2207
henriette.svensen@dmcc.ae

© Press Release 2014