Xpress Money in association with Union Insurance in the Gulf Co-operation Council (GCC) region, launched free insurance for Indian expats. The life insurance cover will be offered to Xpress Money customers sending money to India from markets like UAE, Kingdom of Saudi Arabia, Oman, Qatar, Kuwait and Bahrain.
The insurance products is designed for the blue collared people as they are in number in those countries. This monthly renewable free life insurance scheme, is available to any person remitting money through Xpress Money. The policy will provide a life insurance protection of AED 15,000 Dirhams.
The insurance benefit will be available to any person remitting money through Xpress Money for a period of one month, from the day the customer makes a transaction. A remitter can avail this life insurance free of cost irrespective of the amount transacted.
Sudhesh Giriyan, Vice President and Business Head, Xpress Money , says, "This product was launched because majority of the Indian expats from blue-collared category, residing and working in the GCC region, generally work in hazardous conditions at construction sites and factories. This policy will benefit that category and give them life protection too"
The insurance products is designed for the blue collared people as they are in number in those countries. This monthly renewable free life insurance scheme, is available to any person remitting money through Xpress Money. The policy will provide a life insurance protection of AED 15,000 Dirhams.
The insurance benefit will be available to any person remitting money through Xpress Money for a period of one month, from the day the customer makes a transaction. A remitter can avail this life insurance free of cost irrespective of the amount transacted.
Sudhesh Giriyan, Vice President and Business Head, Xpress Money , says, "This product was launched because majority of the Indian expats from blue-collared category, residing and working in the GCC region, generally work in hazardous conditions at construction sites and factories. This policy will benefit that category and give them life protection too"