OGold sets a new regional standard with individual account-level insurance and comprehensive war risk protection

OGold, the UAE’s premier Shariah-compliant gold and silver-backed Super App, has announced a significant advancement in asset security with the rollout of individual account-level insurance for its entire customer base, in collaboration with Dubai National Insurance (DNI). This upgrade transforms traditional company-level protection into a personalised, underwritten guarantee for every user at no additional cost. While OGold has always provided blanket institutional insurance against theft, fire, and severe risks, the new framework elevates that protection by specifically including war risk coverage at the individual account level, offering users a direct and transparent claim to the safety of their holdings.

The new individual policy covers a wide range of assets, including gold and silver bars, coins, medallions, and other bullion in any form. Under this agreement, OGold ensures protection against any physical loss or damage to these stocks while they are in transit or held in secure storage. By partnering with Dubai National Insurance, OGold ensures that its custody and risk management protocols meet the highest international standards for retail and institutional customer segments.

Commenting on the launch, Bandar Alothman, Founder of OGold, emphasized, “This transition represents a new era of investor transparency in the digital metals space. While the existing company-level insurance already safeguards users against extreme scenarios, the collaboration with Dubai National Insurance adds a personalised layer of certainty. This ensures that every gram of metal owned by an OGold user is individually protected, allowing them to invest with absolute confidence from the moment of acquisition through to long-term vaulting.”

A primary pillar of this enhanced security is the inclusion of War Risk coverage, which is provided without any sub-limit during the movement of bullion via insured conveyances. This protects assets against hostile acts, civil strife, or rebellion during any transfer within the OGold ecosystem. Once assets are stationary in secure, UAE-based vaults, the policy focuses on safeguarding against physical and environmental perils. To maintain full clarity on the scope of protection, the insurance is designed to exclude losses resulting from natural aging, oxidation, or extremes of temperature and humidity unless caused by fire or frost.

This insurance integration follows OGold’s recent successful launch of Silver Wakalah Earnings, further cementing the platform’s position as the most secure and comprehensive ecosystem for precious metals in the UAE. By making individual insurance the default for all customers, OGold is redefining safety in the regional gold and silver market through ethical and secure financial solutions.