Modern Exchange gives free insurance to its customers

MUSCAT: As part of the corporate social responsibility, Modern Exchange has started Free Insurance Coverage in 2013 to all its customers (Omanis and expats) who remit, irrespective of the amount transferred.

With every transaction, one gets to be insured free, maximum up to OMR1,600, for a period of 30 days. No cumbersome process or procedure to be followed. No premiums or policies to be filled. Easy settlement of claims as per the policy and clauses governing it. Features that make this free insurance coverage interesting and beneficial to all the customers who have to reside and work in Oman are Worldwide coverage, Permanent total disability, Normal death, Accidental death, to name a few.

Philip Koshy, the general man- ager, said, every year on an average 14 claims are settled.

“Free insurance to all customers is to create a personal bond not only with our customers but also with their families back home and to be a consolation for the grieving family. This is a good opportunity for our customers in Oman to understand the new initiative we are offering, first of its kind, in this industry. I am confident that it is bound to generate a lot of curiosity, interest and willingness to experience this free insurance coverage. Through this, we have secured a strong foothold in the future of this fastgrowing field. Our customers give us the reason to remain focused and strong and in return, we offer exclusive benefits, so as to motivate and push us to go that extra yard to satisfy their needs.”