Al Ahlia Insurance reviews expat schemes
Manama, March 18, 2012
Bahrain-based Al Ahlia Insurance Company and its strategic alliance partner Ceylinco Insurance Company of Sri Lanka have reviewed their popular expatriate insurance schemes during a meeting in Bahrain.
The schemes were launched in 2005 for low-paid expatriates from India, Sri Lanka, the Philippines, Indonesia, and others living in Bahrain.
Ceylinco managing director and chief executive officer Ajith Gunawardena as well as director and deputy chief executive Patrick Alwis held talks with Al Ahlia general manager Tawfiq Shehab and deputy general manager S Veerapandian.
The schemes - Pravasi Bharathiya Bima, Ceylinco Support line, Federal Phoenix Support line and Al Ahlia Support line - cover the same benefits and offer life insurance, personal accident insurance and critical illness insurance, which are part of the basic cover.
It also has 'free of costenefits such as repatriation of mortal remains and air fare to home country in the event of death of an immediate family member.
Gunawardena said that since the schemes are meant for low-income people, they had decided to revise premiums across the board so that all sections could afford them.
'We have also introduced flexibility as far as benefits of the schemes are concerned and the customer would now be in a position to pick and choose policy benefits according to his requirements.'
He said the company would be more than willing to share its market experience and product knowledge with Al Ahlia Insurance with whom his company had developed a close relationship over a period of time.
'We have already identified new areas of business co-operation with Al Ahlia Insurance which would enable them to expand their product line and services.'
Shehab said his company was the first to introduce such schemes and is still the only one in Bahrain that has a full-fledged expatriate insurance department headed by a manager serving Asian expatriate communities.
'This has been possible mainly because of our partnership arrangement with Ceylinco.'
He said their department is known for prompt and speedy settlement of claims and these were generally settled within seven days. He said as a Bahraini company, it was their duty to protect this important class of society as they were the backbone of Bahrain's economy.-TradeArabia News Service