Latest news with #bancassurance
Zawya
2 days ago
- Automotive
- Zawya
BankDhofar unveils ‘Laha' – A motor insurance solution designed exclusively for women
MUSCAT: BankDhofar, Oman's second-largest bank by branch network, has introduced 'Laha', a unique motor insurance product created exclusively for women. This launch underscores BankDhofar's commitment to innovation, inclusivity, and customer-centric financial services. Developed in partnership with Dhofar Insurance, one of the largest insurance providers in the Sultanate, Laha delivers comprehensive coverage, exclusive lifestyle benefits, and round-the-clock support. Positioned as both premium and cost-effective, Laha redefines the insurance experience for women drivers in Oman. At the core of Laha is a focus on safety, confidence, and convenience. The plan includes 24/7 emergency roadside assistance covering situations such as flat tyres, battery issues, vehicle lockouts, and mechanical breakdowns. It also features accident recovery and vehicle towage up to 100 kilometers or provides OMR 55 as compensation in lieu. In the event of medical emergencies, policyholders can benefit from ambulance services, including fast access to Aster Clinic or equivalent discounts. Beyond standard coverage, Laha offers additional protections that reflect the lifestyle needs of modern drivers. These include compensation of up to OMR 200 for mobile phone damage, as well as coverage for personal items such as handbags and child seats. Terms & Conditions apply. Laha joins a growing portfolio of bancassurance solutions from BankDhofar, which are designed to provide comprehensive protection against a range of risks—from road accidents and theft to fire and natural disasters. BankDhofar is widely regarded for its competitive premiums, reliable claims process, and customer-first approach. Its motor insurance offerings include both Third Party Liability and Comprehensive Insurance plans. For customers seeking greater peace of mind, the bank also offers enhanced products like Third Party Plus, Comprehensive Elite, and Comprehensive Elite Plus. These plans are tailored to meet diverse driving needs and offer additional features such as cross-border coverage into the UAE, access to approved repair workshops, off-road protection, total loss replacement, and zero deductible on certain claims, including windscreen damage. Other value-added services include hire car options and protection against extreme weather events like storms, floods, and tempests. With the launch of Laha, BankDhofar continues to empower drivers with insurance solutions that go beyond basic coverage, offering thoughtful protection and practical support for life's uncertainties on and off the road.
Bloomberg
30-05-2025
- Business
- Bloomberg
DBS Is Said to Shelve Plans for Asia Insurance Deal on Valuation
DBS Group Holdings Ltd. has shelved plans to form an insurance partnership in India and Taiwan after initial offers from prospective bidders didn't match value expectations, according to people familiar with the matter. The Singapore-based lender and its advisers have paused work on the transaction, the people said, asking not to be identified because the information is private. A bancassurance agreement for the two Asian markets, as well as certain products in Singapore, had attracted interest from other insurers and financial services firms, the people said.
Yahoo
19-05-2025
- Business
- Yahoo
SBM Bank India seals bancassurance deal with ICICI Prudential
SBM Bank India has signed a bancassurance alliance with ICICI Prudential Life Insurance Company, as it looks to broaden its offerings. Through the tie-up, the bank aims to provide its customers with a range of planning products to support their financial objectives. These products include cards, foreign exchange, insurance, investments, lending, remittance solutions, savings and current accounts, term deposits and other financial products, catering to various customer segments such as SBM private, wealth, digital and asset-focused clients. In line with its 'two-pronged strategy', SBM Bank India is extending its physical branch network while simultaneously enhancing its digital banking capabilities to increase its market footprint. Currently, the bank has 22 branches throughout the country. The collaboration will enable the bank to offer solutions ranging from term insurance and long-term savings to wealth creation products and retirement income planning. ICICI Prudential Life Insurance chief product and distribution officer Amit Palta stated: 'We are happy to partner with SBM Bank India and believe it is a step towards our goal of making life insurance solutions easily accessible to customers. Also, it fortifies our position as being the most customer and distributor-friendly life insurer in the country. 'By combining our innovative, future-ready insurance solutions with SBM Bank's diverse customer base that includes retail and NRI customers, corporates and institutions – we are enabling broader access to comprehensive financial protection across the country.' SBM Bank India retail banking head Nikhil Rajadhyaksha said: 'Through this strategic partnership, we are committed to expanding financial security and offering a comprehensive suite of insurance solutions tailored to evolving customer needs. 'By combining ICICI Prudential Life Insurance's innovative product portfolio and digital expertise with SBM Bank's vision of becoming a financial supermarket, we aim to deliver seamless, customer-centric solutions that enhance financial well-being and empower individuals with greater financial protection.' Since starting operations in fiscal year 2001, ICICI Prudential Life Insurance has been offering protection and savings products. It also launched ICICI Pru Stack, a platform that leverages digital tools and analytics. "SBM Bank India seals bancassurance deal with ICICI Prudential " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
