Bank Muscat Launches Interest-Free instalment Scheme for Hayatuna 16-4

Bank SICO, 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 SICO credit cards.

The comprehensive insurance scheme is available only on payments made by Bank SICO 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 SICO, 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 SICO 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.

Hayatuna 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 SICO. 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 Hayatuna products.”

All Hayatuna products are available to both nationals and expatriate account holders across the bank’s 136 branches spread across the Sultanate.