Amlak, the largest publicly listed Islamic finance company and pioneer in home finance in the UAE, launched a comprehensive property and family protection insurance cover for all customers.
The scheme, aims at providing Amlak’s customers with highly competitive insurance coverage and benefits against currently available market packages, with no medical examination required for property finance under Dhs 3.5m and offers comprehensive protection against everyday major perils. The scheme aims to fully protect families against repayment of outstanding balances with Amlak in cases involving serious injuries or death.
“Amlak offers customers peace of mind when they are buying their home, and we endeavor to ensure that this covers every step of the process,” commented Khalid Abdulla Zainal, Sales & Marketing Director, Amlak Finance. “Arab Oriental Insurance offers the best protection for our customers, with a strong pedigree in its field, and the impeccable pedigree which comes from being part of the Al Futtaim group of companies.
“Awarded an “A” rating from Standard & Poors, we are convinced that this partnership will deliver real value to homeowners and homebuyers across the UAE,” Zainal concluded.
The scheme is primarily designed to provide comprehensive protection through covering individual interests in properties financed by Amlak. Customers are protected against the everyday hazards that can damage or destroy a modern home or its occupants, placing it in a class of its own when compared to existing schemes currently on offer in the market, further distinguishing Amlak as a market player which provides comprehensive solutions for their clients.
The agreement was signed during a meeting between Khalid Abdulla Zainal, Sales & Marekting Director, Amlak Finance, and Omer El Amin, Managing Director for Arab Orient Insurance.
