UAE - AXA GCIC launches fully digital life insurance
Thursday, 04 23 2020, Category: Insurance and Reinsurance, Country: U.A.E
AXA Green Crescent Insurance Company (GCIC) has launched a new fully digitalised life insurance solution, Life Protect, aimed at encouraging customers to protect themselves and their loved ones from financial hardships that they might face in the event of death or illness.
The launch is also seen as an attempt by one of the region’s largest insurers to help the UAE bridge the ‘protection gap’, where individuals are currently facing significant financial exposure to risks in an uncertain market environment. AXA GCIC’s goal is to make life insurance less expensive and more accessible.
In the unfortunate event of your death or if you become disabled, life insurance can make up for your lost income, ensure that your children get the proper education, sustain the support to an elderly family member, settle your outstanding personal debts and generally maintain your family’s lifestyle.
With no physical application form, Life Protect’s fully digitalised customer journey is available across all devices and takes less than two minutes to complete. Documents can be uploaded via a mobile phone or desktop and customers receive their policy documents directly to their registered email addresses. The policy can be cancelled at any time and without any financial penalty.
Source: Trade Arabia