Bank Sohar signs agreement to offer life insurance products Portfolio of products
Bank Sohar now offers term life insurance, personal accident insurance, critical illness insurance, and domestic helper insurance
Times News Service
MUSCAT: Bank Sohar signed an agreement with Arabia Falcon Insurance to deliver seven life insurance products. Following the agreement, Bank Sohar now offers term life insurance, personal accident insurance, critical illness insurance, and domestic helper insurance, with the plan to launch three more, including hospital cash benefits, female cancer insurance, and an education shield in the near future. The agreement was signed by Bank Sohar’s Acting CEO Sasi Kumar and CEO of Arabia Falcon Insurance A. R. Srinivasan at Bank Sohar’s head office, with attendance from the executive management of both companies.
Sasi Kumar said: “As a leading bank in the Sultanate, we understand the ever-evolving needs of the market and different customer demographics. This new partnership with Arabia Falcon Insurance forms an extension to our longstanding commitment to reflect such understanding in everything that we offer”.
Echoing these sentiments, A. R. Srinivasan CEO of Arabia Falcon Insurance said, “We feel honoured to partner with a leading financial organisation such as Bank Sohar in delivering products that have positive impacts on the well-being of families in Oman. This strategic alliance is in furtherance of our aspiration to enhance the company’s reach to the retail customer across the Sultanate.” Marking this addition to its portfolio of products and services, Rajeev Arora, DGM and Head of Retail Banking, said, “Bank Sohar’s refined focus on customer centricity and banking excellence in the ‘Year of You’ precipitates the delivery of new propositions, such as the new life insurance products that we are now offering and with promises of more to follow.”
“Our partnership with Arabia Falcon Insurance to provide products of value that are needed in everyday life formed an important item on our agenda, as we continue to position Bank Sohar as a true one-stop financial super-mall having boutiques of products and services across various segments, each with a unique set of propositions,” he added. due to any cause, fixed benefits for hospitalisation, and repatriation due to any cause.