Takaful Oman to introduce automated insurance machines

ATM-like units to allow on-the-spot purchase of motor and travel takaful policies

Takaful Oman to introduce automated insurance machines

Insurance News

By Gabriel Olano

Takaful Oman will soon roll out its automated insurance machines (AIMs) to allow fast purchase of travel and motor takaful policies.
The AIMs, which are similar to bank ATMs, remove the need for paperwork and allows quicker access to takaful policies. The machines allow both application and renewal of takaful cover.
The company will install the AIMs in various malls and other high-foot-traffic areas across the country, reports Muscat Daily. Credit cards of all major banks will be accepted, and both English and Arabic language menus will be available.

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During the program’s launch, Sayyida Rawan Ahmed al Said, vice chairperson and managing director of Takaful Oman Insurance, said: “At Takaful Oman, our Sharia’a compliance simplifies the insurance process and makes it customer friendly. Our innovations, be it the AIMs or the previously introduced mobile app are a reflection of our efforts to be transparent and accessible to the customer at all times.

“These innovations are sure to make Sharia’a-compliant Islamic financial services like takaful more accessible to ordinary people and will play a significant role in increasing the overall takaful cover of the sultanate. Backed by our extensive broker network, innovative cost management and distribution strategy, we are confident in maintaining our dominant position in the market.”

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