Nearly 79% low-income workers lack insurance
Nearly 79 per cent of low income migrant workers do not have access to a proper insurance cover in the UAE and suffer from other social insecurities such as job loss, fear of not being able to provide for their families among other concerns, a recent report covering 762 blue collar workers — 49 per cent Indians and 51 per cent Filipino respondents from UAE earning less that 4,000 per month.
The recently concluded report, entitled ‘Lifestyle and Attitude of Workers within the Low-Income Group in the UAE’ funded by the United Nations and conducted by Democrance, an insurance technology start-up, covered several key fears and concerns of blue collar workers.
Nearly 35 per cent of migrant workers said their foremost insecurity was fear of job loss, and with it the worry about being able to support families back home. This was followed by concern about stagnant salaries (19 per cent) and health issues (13 per cent). In this context, 43 per cent of migrant workers viewed life insurance as an important investment, yet 79 per cent remained uninsured for reasons including lack of knowledge.