Policybazaar.ae and Salama Insurance coverage collaborates to launch automobile insurance coverage for non-GCC specs vehicles – Information

Printed: Thu 16 Jun 2022, 5:46 PM

Final up to date: Thu 16 Jun 2022, 5:48 PM

Policybazaar.ae and Islamic Arab Insurance coverage Firm (SALAMA) have teamed as much as launch a web based 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 completely 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 even their luxurious vehicles on-line from the consolation of their properties or places of work.

Insuring non-GCC spec vehicles had been at a better danger to auto insurers as a result of they weren’t designed for Gulf situations. The one accessible choice was to buy third-party legal responsibility insurance coverage, which resulted in a protracted ready interval to acquire a quote.

With the unique launch of this product solely on Policybazaar.ae, consumers of imported vehicles can now get an instantaneous quote and drive their luxurious vehicles hassle-free. With a minimal premium ranging from Dh910 for a sedan and Dh1400 for an SUV/coupe/pickup, (unique of VAT) house owners/consumers can now get complete automobile insurance coverage protection. This insurance coverage protection consists of a wide range of extra advantages resembling free roadside help, claims settlement by a dependable Takaful insurer, storage repairs and rental automobile insurance coverage.

Neeraj Gupta, CEO of 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 wouldn’t have the identical specs — engine cooling/radiator, air-con /rust safety and are probably to have issues beneath the UAE weather conditions. Due to this fact, buying complete insurance coverage protects the automobile proprietor from monetary losses brought on by unintentional/mechanical harm to the insured automobile.”

He added: “Round 10 per cent of searches on Policybazaar.ae are about vehicles with Non-GCC specs, and we’re grateful to SALAMA for with the ability to construct this product and produce it to launch shortly with us. For reinsurance, Munich Re, the main international supplier of reinsurance, would assist non-GCC spec automobile house owners renew their complete automobile insurance coverage.”

Fahim Al Shehhi, CEO, SALAMA mentioned: “Partnering with Policybazaar.ae is in step with our dedication to offer a seamless and quick on-line insurance coverage expertise for all our clients, particularly for house owners of non-GCC specs autos who haven’t had the entry to complete auto insurance coverage protection previously. It’s a nice instance of how we’re working collectively to unravel an present problem and be certain that dependable Takaful options are accessible to all shoppers.”

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