Policybazaar.ae, SALAMA co-launch comprehensive insurance for non-GCC Spec Cars

By Arya M Nair, Official Reporter
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Mr. Neeraj Gupta & Mr. Fahim Al Shehhi at signing ceremony

Policybazaar.ae and Dubai-based Islamic Arab Insurance Company (SALAMA), have teamed up to launch an online comprehensive insurance plan for non-GCC specification cars.

This strategic alliance between the UAE’s fastest-growing online insurance and finance marketplace and the UAE’s largest Shari’ah compliant Takaful solutions provider will exclusively offer a fast and convenient comprehensive motor insurance for imported cars with a wide range of benefits. With the launch of this unique product, customers can also insure their luxury cars online from the comfort of their homes or offices.

Insuring non-GCC spec cars used to pose a greater risk to auto insurers because they were not designed for Gulf conditions. The only available option was to purchase third-party liability insurance, which resulted in a long waiting period to obtain a quote. With the exclusive launch of this product only on Policybazaar.ae, buyers of imported cars can now get an instant quote and drive their luxury cars hassle-free.

Neeraj Gupta
Neeraj Gupta
CEO – Policybazaar UAE

“We are pleased to launch this first-of-its-kind product in partnership with SALAMA. Customers in the region can get an instant quote for fully comprehensive insurance for their non-GCC-spec vehicles at policybazaar.ae. Non-GCC vehicles do not have the same specs in terms of engine cooling or radiator, air conditioning, or rust protection and are most likely to have problems in the UAE climate. Therefore, purchasing comprehensive insurance protects the vehicle owner from financial losses caused by accidental or mechanical damage to the insured vehicle.”

With a minimum premium starting from $247.75 for a sedan and $381.16 for an SUV or coupe or pickup, owners or buyers can now get comprehensive car insurance coverage. This insurance coverage includes a variety of additional benefits such as free roadside assistance, claims settlement by a reliable Takaful insurer, garage repairs and rental car insurance.

Mr. Fahim Al Shehhi, CEO, SALAMA said that “Partnering with Policybazaar.ae is in line with our commitment to provide a seamless and fast online insurance experience for all our customers, especially for owners of non-GCC specs vehicles who have not had the access to comprehensive auto insurance coverage in the past. This is a great example of how we are working together to solve an existing challenge and ensure that reliable Takaful solutions are accessible to all consumers.”

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