UAE - Oman Ins. to provide financial relief to motor clients
Tuesday, 04 14 2020, Category: Insurance and Reinsurance, Country: U.A.E
Oman Insurance Company has announced its retail motor customers will receive 30% of their monthly premium for April and May as a discount when they renew their policy.
As the public stays home to reduce the spread of COVID-19 within the UAE population, Oman Insurance has witnessed a drop in accident claims, compared to the same period last year. “In these trying times, we are determined to support the community by sharing the temporary and unusual profits on motor insurance back with our clients.” said Jean-Louis Laurent Josi, CEO of Oman Insurance.
Oman Insurance has created an AED 5M relief fund to help its customers during these challenging times. The financial support will be offered to individual and corporate retail clients who will renew their policy with Oman Insurance until end of March 2021. The company expects the claims to increase again as the restrictions on movement are lifted.