Magazine date:
Feb 2009 Two new compulsory insurance policies have been introduced in 2008. The first one pertains to construction insurance and is designed to indemnify an owner whose dwelling gets damaged as a result of non-compliance with construction standards or following a natural catastrophe.
The second targets group life insurance scheme. In the event of the insured's death within the term of his working contract, he is granted a minimum of three times the total emolument of the employee for death cover.