Tuesday, June 22, 2021

Business News

Bank Muscat offers customers highly competitive motor insurance plans from AXA

TAS News Service


Wednesday, May 5, 2021

MUSCAT: In line with its vision ‘To serve you better, every day’ and its commitment to national development and innovative bancassurance products that cater to the unique needs of its customers, Bank Muscat has announced the availability of class-leading motor insurance plans through its strategic tie-up with AXA, a global leader in insurance. AXA’s motor insurance plans include unique benefits, such as a comprehensive cover up to 15 years, an excellent storms, tempests and flood (STF) cover, provision for a hire car in case of accidents, quick and easy claims service and new car replacement for vehicles less than 24 months old. On top of that, it offers a highly competitive third party cover that starts at just OMR 40. The unique bancassurance plans, offered through this strategic partnership between two leading financial services providers, are the most competitive in the market and they offer unprecedented value for the bank’s customers.

Speaking on the occasion, Abdullah Tamman Al Maashani, DGM – Institutional Sales and Product Development, Bank Muscat, said: “Bank Muscat is delighted to partner with AXA Insurance, one of the world’s largest insurers, which is recognised worldwide for its excellent value-for-money offer and that allows our customers to quote and buy online. This collaboration with AXA helps the bank enhance the value proposition to its customers, especially during the Holy Month of Ramadan, which is when many of our customers buy new vehicles for themselves or their family members.”

Jonathan Jane, Senior Partnerships Director and General Manager of Oman & Bahrain at AXA Gulf, said: “We have had a strategic partnership with Bank Muscat for a long time now and are pleased to offer one of the most competitive insurance plans that cater to the unique needs of Bank Muscat’s customers. Our large range of ‘best-in-class’ motor insurance plans will enable customers to enjoy full peace of mind when buying a new policy or renewing one for their automobile. As a trusted partner, we help our customers to find convenient solutions to their various insurance needs, including motor insurance.” 

Bank Muscat is the leading financial services provider in Oman and a one-stop facility for bespoke bancassurance products across multiple categories. The bank has a strategic partnership with AXA, a worldwide leader in insurance and asset management, offering a wide range of insurance products and services for corporates, SME and individual customers throughout the region. The strategic partnership between Bank Muscat and AXA enhances the customers’ experience and offers them innovative insurance solutions and access to a range of niche products and services, including motor, home, savings, SME solutions, life and health insurance.