Saturday, 21 May 2022
Bank Sohar issues life insurance policies

Bank Sohar concerns life insurance coverage policies

Bank Sohar’s initiative aims to supply its clients with the instant advantages of industry top life insurance coverage items combined with comfort to meet the demands of modern day lifestyles.

Khalil al Hedaifi, Bank Sohar’s chief retail banking officer, stated, “As we work towards becoming Oman’s most customer-centric bank, we continue to extend our portfolio of services and raise the bar on efficiency to add value to our customers’ banking experience. Our broad range of life insurance products is now easier to purchase amidst a broader range of financial facilities and quality banking services, offering our customers more convenience and excellence in the year we have themed the ‘Year of You’ to cater to their fast-changing modern lifestyles.”

With the aim to accommodate a broad spectrum of customers’ requirements and industry demands, Bank Sohar by means of Arabia Falcon Insurance Company has introduced an array of life insurance coverage items to safeguard customer’s and their families’ monetary wellbeing.

The Term Life and Personal Accident Insurance plans provide coverage on death, disabilities, hospitalisation and repatriation from anyplace in the globe. The Critical Illness and Female cancer insurance coverage items supply a lumpsum payout upon diagnosis of up to any of the covered 32 Critical illnesses or seven Female cancers. The Domestic Helper Insurance strategy has been created to assist minimize the influence of death or hospitalisation of assistance employees like residence maid, driver, workplace housekeeping employees, gardener, and so forth.

The Hospital Cash advantage provides protection from unplanned and sudden expenditures that might not be covered beneath Health or any other insurance coverage strategy. The Education Shield strategy aids your youngsters get the education you planned for them, even if you are not there.

These items provide the flexibility to pick from several plans, enabling clients to pick the sum insured appropriate to your monetary specifications at a really nominal value. Keeping it is customers’ interest at the core, as usually, the Bank has place in spot a hassle-free and seamless procedure of policy issuance and renewal to make sure continuity of cover at all occasions, topic to timely payment of premium by the client.

This new initiative comes as element of a bigger campaign to streamline service delivery with proactive modifications to improve client comfort, such as a 5 minute guarantee for opening new accounts, the approval and completion of Personal Loan applications inside 24 hours, housing loans in 72 hours and retail credit cards inside issuance inside 24 hours from the time of application and extended opening hours on evenings and weekends at Bank Sohar’s branch in Oman Avenues Mall.

Information Source: Muscat Daily

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