Latest news with #bancassurance
Zawya
14-07-2025
- Health
- Zawya
Oman: BankDhofar launches its affordable and all-inclusive health insurance solutions
Muscat: More than just protection against illness, surgery, diagnostics, and hospitalisation, BankDhofar's health insurance products represent a holistic approach to safeguarding health and well-being. These solutions, which offer extensive coverage for individuals, families, and domestic workers, are made possible through a strategic partnership with Dhofar Insurance Company—one of the largest and most respected insurers in the Sultanate. Designed to provide flexibility, value, and peace of mind, they are available exclusively to BankDhofar account holders. These offerings form part of BankDhofar's bancassurance initiative, which combines its expansive branch network and digital infrastructure with Dhofar Insurance's underwriting expertise to deliver customer-centric insurance solutions. The health insurance portfolio is organised into four major categories, each tailored to meet the unique needs of different customer segments. The most popular is the Individual Health Insurance plan, which is offered in three tiers—Green, Silver, and Gold—each providing varying levels of coverage and benefits. Plans include inpatient and outpatient services, diagnostic tests, maternity, physiotherapy, optical and dental care, alternative therapies, and access to both local and international healthcare networks. Eligibility is open to Omani citizens and legal residents between the ages of 18 and 65, and children under 18 can be enrolled when at least one parent is included in the policy. For budget-conscious customers, BankDhofar offers the Affordable Health Cover plan. This solution caters to the general population, particularly salaried individuals and families seeking dependable coverage at competitive rates. The plan includes essential health benefits, making quality healthcare more accessible to a broader demographic. The third category is the Unified Health Insurance Plan, also known as 'Dhamani' Targeted at employees in the private sector, this scheme is being rolled out in phases as part of a national mandate. It is governed by a collaborative platform involving the Ministry of Health, Royal Oman Police, Finances Services Authority, healthcare providers, and third-party administrators. Completing the lineup is a specialised plan for household help—the Unified Domestic Worker Health Insurance. This convenient and cost-effective solution allows BankDhofar customers to provide health coverage for their domestic workers, an essential yet often overlooked segment of the workforce. BankDhofar's Bancassurance Department plays a central role in delivering these solutions. With a strong understanding of the Omani market, the Bank offers risk protection products that combine comprehensive coverage, excellent benefits, and competitive pricing. The Bank's extensive footprint of branches and service outlets across Oman ensures that customers have easy access to support and services wherever they are located. By choosing BankDhofar, customers gain access to a broad array of health insurance plans backed by Dhofar Insurance, ensuring their health and that of their loved ones is in safe hands. The launch underscores BankDhofar's dedication to safeguarding its customers' futures through innovative financial and insurance solutions that reflect its core values of trust, service, and security. © Muscat Media Group Provided by SyndiGate Media Inc. (
Zawya
14-07-2025
- Health
- Zawya
BankDhofar unveils affordable, all-inclusive health insurance solutions
MUSCAT: More than just protection against illness, surgery, diagnostics, and hospitalization, BankDhofar's health insurance products represent a holistic approach to safeguarding health and well-being. These solutions, which offer extensive coverage for individuals, families, and domestic workers, are made possible through a strategic partnership with Dhofar Insurance Company—one of the largest and most respected insurers in the Sultanate. Designed to provide flexibility, value, and peace of mind, they are available exclusively to BankDhofar account holders. These offerings form part of BankDhofar's bancassurance initiative, which combines its expansive branch network and digital infrastructure with Dhofar Insurance's underwriting expertise to deliver customer-centric insurance solutions. The health insurance portfolio is organized into four major categories, each tailored to meet the unique needs of different customer segments. The most popular is the Individual Health Insurance plan, which is offered in three tiers—Green, Silver, and Gold—each providing varying levels of coverage and benefits. Plans include inpatient and outpatient services, diagnostic tests, maternity, physiotherapy, optical and dental care, alternative therapies, and access to both local and international healthcare networks. Eligibility is open to Omani citizens and legal residents between the ages of 18 and 65, and children under 18 can be enrolled when at least one parent is included in the policy. For budget-conscious customers, BankDhofar offers the Affordable Health Cover plan. This solution caters to the general population, particularly salaried individuals and families seeking dependable coverage at competitive rates. The plan includes essential health benefits, making quality healthcare more accessible to a broader demographic. The third category is the Unified Health Insurance Plan, also known as "Dhamani" Targeted at employees in the private sector, this scheme is being rolled out in phases as part of a national mandate. It is governed by a collaborative platform involving the Ministry of Health, Royal Oman Police, Finances Services Authority, healthcare providers, and third-party administrators. Completing the lineup is a specialized plan for household help—the Unified Domestic Worker Health Insurance. This convenient and cost-effective solution allows BankDhofar customers to provide health coverage for their domestic workers, an essential yet often overlooked segment of the workforce. BankDhofar's Bancassurance Department plays a central role in delivering these solutions. With a strong understanding of the Omani market, the Bank offers risk protection products that combine comprehensive coverage, excellent benefits, and competitive pricing. The Bank's extensive footprint of branches and service outlets across Oman ensures that customers have easy access to support and services wherever they are located. By choosing BankDhofar, customers gain access to a broad array of health insurance plans backed by Dhofar Insurance, ensuring their health and that of their loved ones is in safe hands. The launch underscores BankDhofar's dedication to safeguarding its customers' futures through innovative financial and insurance solutions that reflect its core values of trust, service, and security.
Times of Oman
13-07-2025
- Health
- Times of Oman
BankDhofar launches its affordable and all-inclusive health insurance solutions
Muscat: More than just protection against illness, surgery, diagnostics, and hospitalisation, BankDhofar's health insurance products represent a holistic approach to safeguarding health and well-being. These solutions, which offer extensive coverage for individuals, families, and domestic workers, are made possible through a strategic partnership with Dhofar Insurance Company—one of the largest and most respected insurers in the Sultanate. Designed to provide flexibility, value, and peace of mind, they are available exclusively to BankDhofar account holders. These offerings form part of BankDhofar's bancassurance initiative, which combines its expansive branch network and digital infrastructure with Dhofar Insurance's underwriting expertise to deliver customer-centric insurance solutions. The health insurance portfolio is organised into four major categories, each tailored to meet the unique needs of different customer segments. The most popular is the Individual Health Insurance plan, which is offered in three tiers—Green, Silver, and Gold—each providing varying levels of coverage and benefits. Plans include inpatient and outpatient services, diagnostic tests, maternity, physiotherapy, optical and dental care, alternative therapies, and access to both local and international healthcare networks. Eligibility is open to Omani citizens and legal residents between the ages of 18 and 65, and children under 18 can be enrolled when at least one parent is included in the policy. For budget-conscious customers, BankDhofar offers the Affordable Health Cover plan. This solution caters to the general population, particularly salaried individuals and families seeking dependable coverage at competitive rates. The plan includes essential health benefits, making quality healthcare more accessible to a broader demographic. The third category is the Unified Health Insurance Plan, also known as 'Dhamani' Targeted at employees in the private sector, this scheme is being rolled out in phases as part of a national mandate. It is governed by a collaborative platform involving the Ministry of Health, Royal Oman Police, Finances Services Authority, healthcare providers, and third-party administrators. Completing the lineup is a specialised plan for household help—the Unified Domestic Worker Health Insurance. This convenient and cost-effective solution allows BankDhofar customers to provide health coverage for their domestic workers, an essential yet often overlooked segment of the workforce. BankDhofar's Bancassurance Department plays a central role in delivering these solutions. With a strong understanding of the Omani market, the Bank offers risk protection products that combine comprehensive coverage, excellent benefits, and competitive pricing. The Bank's extensive footprint of branches and service outlets across Oman ensures that customers have easy access to support and services wherever they are located. By choosing BankDhofar, customers gain access to a broad array of health insurance plans backed by Dhofar Insurance, ensuring their health and that of their loved ones is in safe hands. The launch underscores BankDhofar's dedication to safeguarding its customers' futures through innovative financial and insurance solutions that reflect its core values of trust, service, and security.
Yahoo
25-06-2025
- Business
- Yahoo
Equitas SFB, Edelweiss Life Insurance form bancassurance partnership
India's Equitas Small Finance Bank (Equitas SFB) has entered into a new bancassurance partnership with local insurer Edelweiss Life Insurance. The collaboration will enable Equitas SFB's customers to access Edelweiss Life's range of life insurance solutions. Edelweiss Life Insurance chief distribution officer Anup Seth said: 'This partnership strengthens our presence in the southern markets, enabling us to reach more customers with solutions tailored to their dreams and aspirations. 'We are proud to collaborate with a like-minded institution that shares our deep commitment to customer centricity and advisory excellence – values that are at the heart of everything we do.' The partnership aligns with Equitas SFB's multi-product strategy focusing on providing integrated financial solutions. Through this agreement, Equitas SFB and Edelweiss Life Insurance aim to build a strong ecosystem for their customers. Equitas SFB senior president and country head Murali Vaidyanathan said: 'At Equitas, we are committed in building strong partnerships that complements the value we offer to our customers. 'Expanding our range of saving products, we are collaborating with third-party providers to offer insurance coverage to our customers through open market framework. 'Together with Edelweiss Life Insurance, we will provide services that encompass diverse plans ranging from protection, savings, endowment and ULIP [unit linked insurance plans]. We hope this tie-up will offer our customers access to a wide range of financial services that support the financial wellbeing.' "Equitas SFB, Edelweiss Life Insurance form bancassurance partnership" 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. Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
UniCredit takes full control of Italian life bancassurance business
UniCredit has concluded the internalisation of its life bancassurance operations in Italy, securing full ownership of its joint ventures (JVs) with CNP Assurances and Allianz. The completion of this internalisation process, which began in September last year, has secured all necessary regulatory bodies. Following the acquisition, the JVs have undergone a rebranding: CNP UniCredit Vita is now operating as UniCredit Life Insurance (ULI), and UniCredit Allianz Vita has been renamed UniCredit Vita Assicurazioni (UVA). Alessandro Santoliquido has been appointed as CEO of both entities, while continuing his responsibilities as head of group insurance. Santoliquido said: "Our aim is to become the market reference point not only in terms of size, but also for efficiency, product innovation and quality of customer service. Our commitment is now to carry out the merger as quickly as possible, to enter the next stage of growth offering customers the best available solutions." The two companies, ULI and UVA, are set to merge in 2026, which is anticipated to result in the formation of a new life bancassurance entity in Italy. UniCredit projects that the acquisitions will contribute to a $400m (€348.08m) increase in annual insurance revenues by fiscal year 2027 (FY27), compared to FY24. The merged entity is expected to have a market presence in unit-linked and term life insurance segments. UniCredit said it plans to request recognition of the Danish Compromise, in line with regulatory frameworks, once it is classified as a Financial Conglomerate. The bank's non-life bancassurance business in Italy will continue to operate through the UniCredit Allianz Assicurazioni JV, in accordance with the terms communicated to the market in January 2022. "UniCredit takes full control of Italian life bancassurance business " 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.
