HAYAH Insurance Company, the UAE’s digital insurance company, has announced the launch of a new savings plan that provides easy and affordable access to world-class wealth management expertise. Through its new ‘Simple Saver’ plan, HAYAH aims to break down barriers to investment, making wealth accumulation and financial planning tools accessible to all UAE residents. This pioneering plan allows customers to invest in a diversified global portfolio managed by BlackRock and withdraw their savings at any time through a secure online dashboard. As long as customers commit to the plan for at least five years, they have the freedom to continue saving flexibly until they reach 74 years old.
Breaking down barriers to investment
The need for accessible investment solutions has become increasingly important in recent times. Unfortunately, investment opportunities have been limited and inaccessible. Therefore, HAYAH’s innovative approach to bring wealth accumulation to everyone is surely a step in the right direction. With the ‘Simple Saver’ plan, customers can invest with ease and peace of mind, knowing that their money is being handled by world-class wealth management experts.
Investing in a diversified global portfolio can provide clarity
The ‘Simple Saver’ plan aims to provide customers with a diversified investment portfolio that is managed by BlackRock. Customers can track their investments with ease and will know precisely what they are investing in and how much they are earning. Simple Saver’s low annual management fee decreases as a customer’s savings grow, allowing customers to benefit from economies of scale as their savings increase. This is a unique approach to investing because it makes investment affordable for both low- and high-income earners.
Flexibility in saving and withdrawal
The ‘Simple Saver’ plan allows customers to withdraw their savings at any time through a secure online dashboard. This flexible savings plan encourages customers to invest without the fear of losing access to their savings. Customers have the freedom to continue saving as long as they commit to the plan for at least five years and can save flexibly until they reach 74 years old.
CEO’s Thoughts on Wealth Accumulation
Mohamed Seghir, HAYAH’s CEO, is thrilled with the launch of the ‘Simple Saver’ plan because it makes wealth accumulation a reality for everyone, regardless of their income level. HAYAH’s mission to make investment accessible and affordable is now a reality. Customers can invest in a diversified global portfolio and track their investment with ease.
Digital transformation and accessibility
David Howard, Head of Strategy and Digital Transformation at HAYAH, shared his thoughts on accessible investment solutions, saying, “With Simple Saver, we’re challenging norms, breaking barriers, and leading the way in accessible investment solutions.” HAYAH’s digital transformation approach aims to make insurance accessible to people, which is a significant shift from traditional insurance models.
HAYAH’s digital insurance company offers
HAYAH is the UAE’s digital insurance company which specializes in life, medical, and savings. HAYAH provides a fully digital experience that is simple, secure, and time-saving. Their dedication to bringing digital transformation to the insurance industry has greatly affected the market, and now HAYAH’s ‘Simple Saver’ plan is transforming the investment industry as well. HAYAH aims to transform the regional insurance landscape by utilizing cutting-edge technology to provide truly affordable and accessible solutions. By focusing on digital transformation, HAYAH can offer a simplified and efficient experience to customers and break down the barriers to investing.
HAYAH’s ‘Simple Saver’ plan is a giant leap towards accessible investment solutions for all the UAE residents. It creates an opportunity for low and high-income earners to invest in a diversified global portfolio managed by BlackRock. The plan’s low annual management fee, flexible saving and withdrawal options, and commitment to making wealth accumulation accessible are guaranteed to set a new standard for investment services and challenge the status quo.