|17 September, 2017

Oman Insurance launches individual life insurance products online

Plans offer the flexibility to select the levels of sum assured and policy term

Oman Insurance Company is the first insurer in the UAE to offer individual life insurance products online.

To make life insurance solutions conveniently available to people, the company recently launched online term insurance and critical illness plans – DigiTerm and DigiCi. The portal allows individuals to buy either of the plan or a combination of both to get a comprehensive insurance cover. The products have been designed in partnership with Swiss Re and can be accessed through the company’s website www.tameen.ae

Apart from being available online, the plans also offer the flexibility to select the levels of sum assured and policy term. With covers up to AED 1 million, the company has pre-underwritten the products to make sure customers just fill a simple online declaration and do not spend time and money in undergoing a medical test, which is compulsory in most life insurance plans.

Emmanuel Deschamps, Head of Life at Oman Insurance said, “Our aim was to create a complete online experience for our clients and make life insurance covers readily available. We are happy to be the first insurance company in UAE to offer online life products.” He added, “With this launch, we have also become the first company in UAE to offer online products across all our business lines.”

Commenting on the occasion, Christos Adamantiadis, CEO of Oman Insurance said, “Strongly believing in the quality and value of our products, I was the first customer to buy the plan online. With simple steps and documentation process, I was insured in less than 10 minutes. I am sure buying a term or critical illness life insurance plan has never been so easy.” He added, “We have successfully added another feather in our cap of digital enhancements to improve customer experience. We will continue to strive for excellence and lead the market with ground breaking innovation. ”

Oman Insurance Company (P.S.C.) was established in 1975 and is one of the leading insurance providers in the Middle East. Oman Insurance Company has operations across Emirates in the UAE as well as in Oman, Qatar and a subsidiary in Turkey.

OIC provides a wide range of insurance solutions for individuals and enterprises in Life, Medical and General insurance. With a gross written premium of AED 3.56 billion in 2016, OIC is rated ‘A Excellent’ by AM Best and ‘A- Stable Outlook’ by Standard & Poor’s.

 

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