MUSCAT, 10 April 2013 – Bank Muscat, the flagship financial services
provider in the Sultanate, has launched a new Hayatuna
Motor Insurance scheme wherein customers can pay the insurance amount in 12
interest-free monthly instalments by using Bank Muscat credit cards.
The comprehensive insurance scheme is
available only on payments made by Bank Muscat credit cards. Post-dated cheques
are not required and installments are automatically debited from customer
account on a monthly basis. Attractive motor insurance rates are available,
subject to terms and conditions. In addition to competitive rates, customers can
also avail no-claim discount and attractive dealer repair facility for three
years on the Platinum scheme and one year dealer repair on the normal scheme.
Said Al Badai, DGM – Branches, said: “Bank Muscat, through its leading
bancassurance products, has always worked towards offering simple,
cost-effective and relevant insurance products to customers. In step with
smarter strategies that provide a distinct customer service, Hayatuna has set a
benchmark in bancassurance products, offering the right insurance plan
tailor-made for specific customer needs.”
Bank Muscat in association with National Life & General Insurance
Company is offering the Hayatuna products which guarantee security and peace of
mind to customers as well as adequate benefits and compensation to dependants in
the eventuality of death or disability of the insured person.
Motor Insurance is transparent and convenient. The features include accident
damage coverage to own vehicle and third party liability as per the Unified
Motor Insurance policy. The coverage also includes protection against storm,
flood, burglary and theft, recovery and towing charges. The insurance provides
personal accident coverage to driver and passengers (as per seating capacity).
The optional features include AAA roadside assistance services and geographical
extension to the UAE.
Said Al Badai added: “The largest banking family in Oman stands to gain
from the bancassurance products offered by Bank Muscat. The facility is another
meaningful extension of the bank's strong belief in family values. When someone
is faced with an unexpected turn of events in life, what they need is a
guaranteed support to tackle the challenges. The Hayatuna products address this
critical need. Often we are not prepared for the unexpected. Perhaps, that is
because we are optimistic about the future, but it pays to be prudent,
especially when all that one needs to do is to pay a low premium to avail the
All Hayatuna products are available to both nationals and expatriate
account holders across the bank’s 136 branches spread across the