Dubai, 12 November, 2013: Cardholders of gocash, the first six-currency prepaid travel card from UAE Exchange, can now travel with more peace of mind, as there is yet another convenience coming their way. The leading remittance and foreign exchange brand is joining hands with AIG, a leading international insurance organisation, to provide travel insurance to gocash cardholders. With this new agreement, customers travelling using a gocash prepaid travel card are covered for travel inconveniences, personal accident benefits, free medical benefits, round-the-clock assistance and more.
Speaking on the occasion, Mr. Promoth Manghat, Vice President - Global Operations, UAE Exchange, said. "This kind of partnership for free insurance coverage is a first-of-its-kind arrangement in its class. UAE Exchange has once again set a standard and retained its position as a trendsetter in bringing the best to its customers. Towards this, we found the right partner in AIG. Both UAE Exchange and AIG carry high equity and trust amongst the customers. Such an offering is sure to receive a warm welcome. We take pride in partnering with AIG and look forward to transforming this relationship into a strong and meaningful one."
Mr. Chandra Shekhar, Head of Consumers, AIG, Arabia, said, "AIG always looks for opportunities to add value and convenience to customers and in partnering with UAE Exchange, we are able to do this, as they share our values and approach. The gocash card is for the new generation of travellers and AIG understands their needs perfectly. Together with UAE Exchange, we can provide real protection for gocash cardholders, when they travel."
In one go, gocash can be loaded with up to six currencies from a bouquet of 15. This hassle-free travel card comes from the trusted remittance brand, UAE Exchange, which has a principal membership with MasterCard. This enables the gocash cardholder to withdraw cash from over 1.9 million MasterCard-powered ATMs, make purchases from over 34.3 million merchant locations with MasterCard-powered POS machines and can be used online. Its exchange rate lock facility saves travellers from losing to currency rate fluctuations. Additionally this new travel insurance facility will make the trip more enjoyable and hassle-free.
The event for signing the agreement was attended by senior officials of UAE Exchange and AIG, along with special invitees and the Media.
About UAE Exchange
UAE Exchange, the leading global remittance and foreign exchange brand, was established in 1980. In over three decades, UAE Exchange has built a formidable presence in 30 countries with over 700 direct offices, emerging into the largest globally networked brand in its class. Correspondent banking relationship with over 150 global banks fortifies its strength. The global money transferrer offers a range of services, which addresses multiple financial requirements including remittance, foreign exchange, bill payments and more, thus growing into a financial supermarket. Over 9000 professionals from over 40 nationalities strive to achieve excellence and bring delight to over six million customers, worldwide. This penchant for quality has won the ISO certified brand many global awards for quality & business excellence including Superbrands status for five consecutive years, earning the trust of customers, partners and regulators, thus emerging into the World's Trusted Money Transferrer. For more information log on to www.uaeexchange.com
About AIG
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. In United Arab Emirates, AIG operates as American Home Assurance Company. AIG provides the full range of insurance solutions for individuals, families and businesses. These are distributed through an extensive network of brokers and partners across the UAE. With the launch of our new website (www.aig.ae), individuals can now purchase Car, Home and Travel insurance online.
© Press Release 2013
