Insurance protection extension system for GCC nationals: 10 things to know
General Pension and Social Security Authority (GPSSA) of the UAE has launched a unified campaign aimed at raising awareness on the insurance protection extension system for registered GCC or Gulf Cooperation Council nationals employed in the UAE. GCC is an economic alliance of six Gulf countries — Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and UAE.
The campaign in collaboration with the rest of the GCC countries is part of efforts amongst all pension and social security authorities in the region to ensure citizens are offered the right type of insurance protection, regardless of whether it is within their own country or elsewhere in the GCC. Dr.
Maysa Rashed Ghadeer, Government Communications Director at the GPSSA, said: “Our aim is to ensure GCC nationals receive an insurance protection extension system outside their borders in order to secure their present and future, and encourage the transfer of GCC labor amongst all GCC countries in order to embody a form of unity and care amongst us, regardless of the country of origin,”GCC insurance protection extension system — key things to know 1) Under this retirement and insurance system, GCC nationals employed in UAE-based entities are registered with the GPSSA and they receive their end-of-service and retirement pension in accordance to the pension law by which they are subject to in their own home country. 2) The same insurance system is also extended to the insured’s beneficiaries and to those who were supported by the insured or pensioner during his/her lifetime.
3) The individual must posses the GCC nationality in order to qualify for registration, as well as work for an employer who is subjected to the provisions of the pension and social security law. 4) As part of
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