Latest news with #PBAdvantage
Mid East Info
19-05-2025
- Automotive
- Mid East Info
Policybazaar.ae Rolls Out Exclusive Car Insurance Perks Under PB Advantage - Middle East Business News and Information
the UAE's leading online insurance marketplace, has expanded its flagship initiative PB Advantage to car insurance customers, redefining the way UAE residents experience motor coverage and car insurance claims. believes that car insurance should be more than just a policy — it should be a promise of speed, ease, and trust when you need it most. We are transforming the claims experience in the UAE by offering a one-of-a-kind, seamless, and customer-first approach that gets you back on the road with minimal hassle. From free car washes and flat-rate savings on servicing and repairs to special discounts on the Registration Readiness Package, these benefits are designed to enhance the everyday car ownership experience. Valid until May 31, these exclusive offers are made possible through their partnerships with leading insurers and service providers across the UAE that will deliver real-world value to our customers. In collaboration with leading partners, is redefining traditional insurance by enabling a smarter and more rewarding car ownership experience. The initiative is designed to help customers lower their car-related expenses and remain well-protected with some of the best car insurance plans available in the UAE, while ensuring a high standard of customer satisfaction and full compliance with regulatory requirements. With customers can benefit from fast-track claims processing, access to a nationwide garage network, a dedicated claims concierge service, and smart digital tracking with priority repairs. Through PB Advantage, customers can now enjoy 12 free car washes, up to a 30% discount for safe driving, an excess waiver of up to AED 1,000, a 15% discount on car repairs, a 30% discount on car servicing, and 50% off on the Registration Readiness Package. Neeraj Gupta, CEO of said: 'We're proud to expand PB Advantage to our car insurance customers. Buying car insurance shouldn't just be about paperwork and price — it should come with real, tangible value. These benefits make sure that once the policy is bought, the customer keeps winning throughout the year. From savings on car service to free washes, we're driving value where it matters most — behind the wheel.' Toshita Chauhan, Business Head – Motor Insurance at added, 'Motor insurance is often seen as a mandatory purchase, but we wanted to flip that narrative. With PB Advantage, we've built a value-first ecosystem where every customer — from a daily commuter to a weekend road-tripper — gets rewarded for making responsible choices. Whether it's safe driving discounts or after-policy care like servicing perks, we're here to make car ownership smarter and more rewarding.' This move follows the successful rollout of PB Advantage for health insurance customers, a program that introduced Auto Recharge, No Claim Bonuses, and 30-minute claim desk support — setting a new benchmark in insurance experience. PB Advantage for Car Insurance marks another step in mission to move insurance beyond a transactional product, making it a lifestyle benefit that rewards smart choices and safe habits. -end- About started in 2018 is PB Fintech's (NSE: POLICYBZR ) first overseas venture and is an online financial products marketplace aimed to educate people on the importance of insurance as a protection tool and becoming a platform for consumers' personal financial needs in the UAE market. currently partners with more than 35+ insurance and banking partners with 400+ products on offer ranging from new-age life insurance,health insurance, motor insurance, credit cards, bank accounts, personal loans, car loans, home loans, and more.
Web Release
19-05-2025
- Automotive
- Web Release
Policybazaar.ae Rolls Out Exclusive Car Insurance Perks Under PB Advantage
the UAE's leading online insurance marketplace, has expanded its flagship initiative PB Advantage to car insurance customers, redefining the way UAE residents experience motor coverage and car insurance claims. believes that car insurance should be more than just a policy — it should be a promise of speed, ease, and trust when you need it most. We are transforming the claims experience in the UAE by offering a one-of-a-kind, seamless, and customer-first approach that gets you back on the road with minimal hassle. From free car washes and flat-rate savings on servicing and repairs to special discounts on the Registration Readiness Package, these benefits are designed to enhance the everyday car ownership experience. Valid until May 31, these exclusive offers are made possible through their partnerships with leading insurers and service providers across the UAE that will deliver real-world value to our customers. In collaboration with leading partners, is redefining traditional insurance by enabling a smarter and more rewarding car ownership experience. The initiative is designed to help customers lower their car-related expenses and remain well-protected with some of the best car insurance plans available in the UAE, while ensuring a high standard of customer satisfaction and full compliance with regulatory requirements. With customers can benefit from fast-track claims processing, access to a nationwide garage network, a dedicated claims concierge service, and smart digital tracking with priority repairs. Through PB Advantage, customers can now enjoy 12 free car washes, up to a 30% discount for safe driving, an excess waiver of up to AED 1,000, a 15% discount on car repairs, a 30% discount on car servicing, and 50% off on the Registration Readiness Package. Neeraj Gupta, CEO of said: 'We're proud to expand PB Advantage to our car insurance customers. Buying car insurance shouldn't just be about paperwork and price — it should come with real, tangible value. These benefits make sure that once the policy is bought, the customer keeps winning throughout the year. From savings on car service to free washes, we're driving value where it matters most — behind the wheel.' added, 'Motor insurance is often seen as a mandatory purchase, but we wanted to flip that narrative. With PB Advantage, we've built a value-first ecosystem where every customer — from a daily commuter to a weekend road-tripper — gets rewarded for making responsible choices. Whether it's safe driving discounts or after-policy care like servicing perks, we're here to make car ownership smarter and more rewarding.' Toshita Chauhan, Business Head – Motor Insurance atadded, 'Motor insurance is often seen as a mandatory purchase, but we wanted to flip that narrative. With PB Advantage, we've built a value-first ecosystem where every customer — from a daily commuter to a weekend road-tripper — gets rewarded for making responsible choices. Whether it's safe driving discounts or after-policy care like servicing perks, we're here to make car ownership smarter and more rewarding.' This move follows the successful rollout of PB Advantage for health insurance customers, a program that introduced Auto Recharge, No Claim Bonuses, and 30-minute claim desk support — setting a new benchmark in insurance experience. PB Advantage for Car Insurance marks another step in mission to move insurance beyond a transactional product, making it a lifestyle benefit that rewards smart choices and safe habits.
Arabian Post
19-05-2025
- Automotive
- Arabian Post
Policybazaar Unveils New Car Insurance Benefits
has introduced an expanded suite of car insurance benefits aimed at enhancing customer value through its PB Advantage programme. This initiative offers policyholders a range of exclusive perks designed to reduce the cost of vehicle ownership while rewarding safe driving behaviours. The PB Advantage package now includes 12 complimentary car washes annually, aiming to ease the routine maintenance burden for insured drivers. This tangible benefit reflects a growing trend in the insurance industry where companies seek to provide added lifestyle conveniences alongside traditional coverage. By integrating such services, insurers are shifting focus towards holistic customer engagement rather than solely risk mitigation. A key feature of the programme is a discount of up to 30 percent on premiums for drivers who demonstrate safe driving habits. This incentive responds to rising demands from consumers who wish for their responsible behaviour behind the wheel to be financially recognised. Safe driving discounts are gaining traction globally as insurers incorporate telematics and other data-driven approaches to assess risk more accurately. Through this mechanism, aims to encourage safer roads and reduce accident-related claims. The PB Advantage offers an excess waiver of up to AED 1,000, which lowers the out-of-pocket expenses policyholders face when filing a claim. This waiver can significantly alleviate the financial strain after an accident, thereby improving customer satisfaction and loyalty. Excess waivers are becoming an increasingly common feature in competitive insurance markets, reflecting insurers' efforts to deliver more customer-centric policies. Policyholders also receive a 15 percent discount on car repair services. This partnership with certified garages is expected to streamline claims processing and reduce repair costs, which are often a major concern for vehicle owners. By negotiating discounts with trusted service centres, is positioning itself as a facilitator of efficient and affordable post-accident care. Further enhancing the value proposition, the programme offers a 30 percent discount on car spare parts. This benefit targets the growing demand for cost-effective vehicle maintenance amid fluctuating global supply chains and rising parts prices. By mitigating repair expenses through direct discounts, the insurer supports policyholders in maintaining their vehicles in good condition without excessive financial burden. Policybazaar's move aligns with broader industry shifts towards value-added insurance models that integrate lifestyle benefits and proactive risk management incentives. With increasing competition in the UAE's insurance sector, companies are innovating beyond coverage terms to secure customer retention and attract new segments. The PB Advantage's combination of complimentary services, financial incentives, and post-accident support responds to evolving consumer expectations, where convenience, cost savings, and personalised rewards are paramount. The programme also reflects the insurer's commitment to digital innovation, as leverages technology to streamline enrolment, claims, and communication. Analysts note that the enhanced offering could influence competitors to adopt similar strategies, potentially driving a new standard in the UAE's car insurance market. The emphasis on safe driving discounts is particularly significant amid government initiatives aimed at reducing road accidents and promoting traffic safety. The introduction of excess waivers and repair discounts further positions PB Advantage as a comprehensive solution addressing both preventive and corrective aspects of vehicle insurance. These features may encourage more drivers to opt for policies with improving risk pools and underwriting outcomes over time. Industry experts highlight that integrating such perks requires insurers to balance the cost of added services with pricing models, ensuring profitability while maintaining competitive premiums. The scalability of these benefits depends on partnerships with service providers and accurate data analytics to tailor offerings to customer profiles. See also Aramco Expands US Ties with $90 Billion in Strategic Agreements By offering twelve free car washes annually, taps into a convenience factor that, while modest, can foster positive customer perceptions and frequent engagement. This small yet consistent benefit can enhance brand loyalty and differentiate the insurer in a crowded marketplace. The safe driving discount up to 30 percent marks a considerable incentive, especially for cautious drivers who can demonstrate low-risk behaviour over policy periods. This element encourages the adoption of safer driving technologies, such as telematics devices and smartphone apps, which track and report driving patterns. The excess waiver provision up to AED 1,000 represents an immediate financial relief for many policyholders, addressing a common pain point in motor insurance claims. This benefit also potentially reduces claim hesitation, enabling quicker accident reporting and smoother claims processing. Discounts on car repairs and spare parts complement the core insurance offering by reducing indirect costs related to vehicle ownership. These benefits may attract cost-conscious consumers, especially those owning older or high-maintenance vehicles, who face significant upkeep expenses. PB Advantage initiative exemplifies a strategic response to shifting consumer needs in the UAE's dynamic insurance landscape. As customers increasingly seek not only protection but also tangible value and convenience, insurers are compelled to innovate their product mix. The programme's multi-faceted approach underscores the growing importance of customer experience in insurance, where engagement extends beyond the moment of claim. This evolution is facilitated by digital platforms that enable seamless integration of insurance, maintenance, and reward services.
Khaleej Times
27-01-2025
- Business
- Khaleej Times
UAE rains: Majority of insurance firms have paid out claims of record April 2024 rainfall
The majority of the insurance companies have paid out claims in the wake of the record April 16 rains seen last year. 'Insurance firms had a huge number of claims requests that were registered. After the record April 16 rains, within 3 months, the majority of claims were evaluated and successfully paid out. Some were declined because there were people who tried to take advantage of the situation. I would say the majority of the claims have been paid out where insurance companies thought it was right for them to pay,' said Toshita Chauhan, business head at 'For us, we don't have any claim files opened for that period. Also, the central bank has opened a complaint registry for the consumers. If they felt they were not being treated fairly, they may file a complaint,' she said. According to global ratings agency S&P, UAE insurers lost up to $2.5 billion (Dh9.175 billion) due to rains in 2024, including the unprecedented rainfall in April which was the heaviest in 75 years. The rains caused massive losses to properties and vehicles in Dubai, Sharjah and other northern emirates. 'Th overall ecosystem helped and customers were extremely understanding and patient as garages were full. The worst is over. The impact is now on premiums. When customers get their renewal premiums, although there may be no claim customers, they may be paying more than last year because the overall risk has been accounted for,' Chauhan told Khaleej Times in an interview. According to global professional services firm Aon, UAE was ranked among the top four countries which listed costliest insurance events last year. 'Flooding was the dominant peril in Europe, the Middle East and Africa (EMEA) and all its sub-regions, being responsible for more than $35 billion in losses. This was driven by events in Spain, Central Europe, Germany, UAE and elsewhere,' Aon said in its Climate and Catastrophe Insight report. Inquiries on the rise Policybazaar said it has also recorded a 75 per cent rise in inquiries related to health insurance in the wake of the rollout of mandatory health insurance in the northern emirates from January 1, 2025. She attributed the increase in inquiries to multiple reasons including changes in regulations and new pricing of health insurance policies in Dubai. 'Customer behaviour changes whenever there is a deadline or fine associated with anything, and UAE manages it very well operationally. It gives you ample time and a date when rules will come into effect,' she added. Enhanced coverage In addition, Policybazaar launched PB Advantage, transforming how health insurance is sold, purchased, and claimed in the UAE. The program provides customers with 30-minute claims assistance from a dedicated insurer-claims desk. It automatically restores the sum insured after the first claim, providing extra coverage equal to the original amount. For example, if an initial coverage is Dh1 million that is used for surgery, the Auto Recharge will add another Dh1 million for any future claims related to a different illness or condition. PB Advantage also enhances the coverage through a no-claim bonus, by adding a 10 per cent sum assured each year for every in-patient claim-free year, up to a maximum of 5 years. 'PB Advantage was created in response to the challenges we often hear from customers. We wanted to address these pain points head-on with a programme that simplifies and enhances the health insurance journey. "An important pain point is also getting quicker turnarounds in terms of premium rates for those with pre-existing conditions. With PB Advantage we want to assure such customers that within 60 minute of them raising a query, they will have an accurate quote from the leading insurers in UAE,' said Toshita Chauhan.
