- Prospects can avail fast and handy complete automobile insurance coverage with a variety of options for his or her imported vehicles
- Munich Re will present reinsurance-related options for non GCC spec vehicles.
Policybazaar.ae and Islamic Arab Insurance coverage Firm (“SALAMA”), have teamed as much as launch an internet complete insurance coverage plan for non-GCC specification vehicles.
This strategic alliance between the UAE’s fastest-growing on-line insurance coverage and finance market and the UAE’s largest Shari’ah compliant Takaful options supplier will solely provide a quick and handy complete motor insurance coverage for imported vehicles with a variety of advantages. With the launch of this distinctive product, clients can insure their even their luxurious vehicles on-line from the consolation of their properties or workplaces.
Insuring non-GCC spec vehicles used to pose a larger danger to auto insurers as a result of they weren’t designed for Gulf situations. The one accessible possibility was to buy third-party legal responsibility insurance coverage, which resulted in laong ready interval to acquire a quote.
With the unique launch of this product solely on Policybazaar.ae, patrons of imported vehicles can now get an instantaneous quote and drive their luxurious vehicles hassle-free. With a minimal premium ranging from AED 910 for a sedan and AED 1400 for an SUV/coupe/pickup, (unique of VAT) homeowners/patrons can now get complete automobile insurance coverage protection. This insurance coverage protection consists of a wide range of extra advantages equivalent to free roadside help, claims settlement by a dependable Takaful insurer, storage repairs and rental automobile insurance coverage.
Neeraj Gupta, CEO, Policybazaar.ae mentioned, “We’re happy to launch this primary of its variety product in partnership with SALAMA. Prospects within the area can get an instantaneous quote for absolutely complete insurance coverage for his or her non-GCC-spec autos at policybazaar.ae. Non-GCC autos should not have the identical specs when it comes to engine cooling/radiator, air-con /rust safety and are most certainly to have issues within the UAE local weather. Subsequently, buying complete insurance coverage protects the car proprietor from monetary losses attributable to unintentional/mechanical injury to the insured car.”
He added, “Round 10% of searches on Policybazaar.ae are about vehicles with Non GCC specs and we’re grateful to SALAMA for having the ability to construct this product and produce it to launch rapidly with us. For reinsurance, Munich Re, the main international supplier of reinsurance, would assist non GCC spec automobile homeowners renew their complete automobile insurance coverage. ”
Fahim Al Shehhi, CEO, SALAMA mentioned, “Partnering with Policybazaar.ae is in keeping with our dedication to supply a seamless and quick on-line insurance coverage expertise for all our clients, particularly for homeowners of non-GCC specs autos who haven’t had the entry to complete auto insurance coverage protection prior to now. It is a nice instance of how we’re working collectively to resolve an present problem and be sure that dependable Takaful options are accessible to all shoppers.”