New insurance system introduced for labor migrants

The government of Uzbekistan has decided to introduce a new voluntary insurance system to support citizens working abroad. This was reported by Zamin.uz.

This system is aimed at protecting the rights, lives, and health of labor migrants. The new regulation was developed on the initiative of the Migration Agency and is intended to ensure the financial stability of citizens and expand access to medical assistance.

Within this system, insurance companies are recommended to develop special tariffs and insurance products for migrants. As a result, citizens working abroad will have the opportunity to insure their lives and health and cover potential financial losses that may arise if their patent or work permit is denied.

Additionally, the risk of non-repayment of loans taken for employment abroad is also insured. Insurance organizations undertake the obligation to promptly organize medical assistance either within the territory of Uzbekistan or in the country where the migrant is working.

Insurance coverage is provided in the currency paid by the citizen. In the case of long-term life insurance contracts, full coverage is paid if the insured dies or is diagnosed with disability of group I or II.

If the insured reaches the specified age, they receive a share of the investment income along with the insurance amount. Furthermore, at least 30 percent of the premiums directed towards life insurance and, in cases where the insurance period exceeds 12 months, the transfer costs are also fully covered.

This insurance procedure for labor migrants has been approved as a legal document and adopted in the form of an annex. This system makes the process of working abroad safe and reliable for citizens.

At the same time, it serves to ensure the financial stability of labor migrants' families. This is an important step by the state aimed at protecting the rights of citizens abroad.

Source: one.uz.