Latest news with #SimpleSaver
Zawya
03-06-2025
- Business
- Zawya
HAYAH further democratizes savings in the UAE with a refreshed simple saver start at AED 50 pm
Abu Dhabi, UAE: HAYAH, the UAE's digital life insurer, headquartered in Abu Dhabi, announces the expansion of its inclusive savings product, Simple Saver, designed to make saving and investing accessible to all UAE residents, regardless of their financial situation. In a market where traditional savings options often come with high barriers and complex processes, HAYAH is redefining the financial landscape by offering a user-friendly, fully online solution. By enabling individuals to start saving from just AED 50 per month, Simple Saver ensures that everyone can work toward building a secure financial future. 'Our goal is to empower individuals of all income levels and financial knowledge to begin their savings journey,' explains Mohamed Seghir, CEO of HAYAH. 'With our particularly low entry thresholds, we're staying true to our commitment to inclusiveness and accessibility.' Key Features of Simple Saver Low entry ticket: start saving from AED 50 pm, save a coffee per week, save for your future Flexibility: full freedom to withdraw funds at any time Personalization: ability to adapt investments based on individual risk profile Transparency: clear fee structure that decreases as investment amounts grow to as low as 0.5% for higher balances, with no fixed admin or hidden charges Autonomy: convenient digital access for easy account management Addressing UAE-Specific Challenges With over 85% of the population comprising expatriates who have varying lengths of stay, HAYAH's Simple Saver prioritizes portability and flexibility. Its intuitive online interface also caters to different levels of digital proficiency and includes Shariah-compliant investment options, further enhancing inclusivity. 'Many UAE residents abandon saving due to complex processes and products unsuited to their needs,' adds Mohamed. 'Simple Saver fills this gap by providing an accessible, flexible, and fully digital solution.' Tangible Results Since its launch, Simple Saver has helped thousands of UAE residents start saving: 72% of users report saving regularly for the first time 68% of users are middle-income expatriates who had never invested before 'These figures confirm our belief that democratizing access to savings is essential for the financial stability of UAE residents,' concludes Mohamed. With Simple Saver, HAYAH reaffirms its commitment to making saving and investing simple, inclusive, and accessible for everyone in the UAE. About HAYAH Insurance Company HAYAH Insurance Company is a leading digital insurance provider in the UAE, offering a range of innovative insurance solutions tailored to meet the needs of individuals and businesses. With a strong commitment to customer satisfaction, HAYAH leverages cutting-edge technology to deliver seamless, accessible, and affordable insurance products. Media contact Nigel Sillitoe CEO, Insight Discovery Mobile: +97155 809676 Email: sillitoe@
Yahoo
28-05-2025
- Business
- Yahoo
HAYAH and APRIL partner to launch health coverage in Dubai
United Arab Emirates (UAE)-based digital life insurer HAYAH, in alliance with APRIL, has launched a new suite of health insurance and international private medical insurance (IPMI) solutions. These products will provide health coverage for individuals, families and businesses through a digital experience. The partnership's first offering is an exclusive IPMI product targeted at the expatriate community in Dubai. By combining HAYAH's digital capabilities with APRIL's international expertise, the partners seek to enhance the accessibility of health protection in the Emirates. The health insurance solutions are currently available in Dubai and expected to expand to other locations within the region in the near future. HAYAH CEO Mohamed Seghir said: "HAYAH is proud to partner with APRIL to bring cutting-edge, digital-first health insurance solutions to the UAE. 'As we redefine access to world-class health insurance in the UAE, our immediate focus is on delivering these values today – ensuring individuals and businesses across the country benefit right now from the most innovative and customer-centric coverage available." APRIL Group Asia and the Middle East head of IPMI Romain Di Meglio stated: "HAYAH's commitment to innovation and customer-centric solutions complements APRIL's mission to simplify health insurance for everyone. 'By combining our global expertise with HAYAH's digital-first approach, this partnership marks a significant step towards providing comprehensive and flexible international private medical insurance that meets the diverse needs of the UAE's population." In 2023, HAYAH unveiled its Simple Saver plan, aiming to break down barriers to investment and make wealth accumulation easier for UAE residents. "HAYAH and APRIL partner to launch health coverage in Dubai " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
