Oracle Insurance, autogulf.com in deal

Oracle Insurance Brokers has signed an agreement with autogulf.com, the online automotive company, to offer insurance cover.

Autogulf.com clients will be able to settle their insurance premium by paying in flexible instalments.

"The new alliance will add value to our offering and will encourage customers to choose Autogulf for their car purchases," said Hamdan Al Marshudi, managing director, auto-gulf.com. "Customers will not be charged any interest in return for this payment facility."

Oracle Insurance Brokers' customer service centre conducts regular surveys, continuously scans the insurance environment and monitors rules and regulations.

The centre's findings and statistics are then fed to the marketing department that uses the data for effective packaging and product/service promotion.

"The yearly car insurance cost can go from Dh850 up to Dh15,000 or more. This amount can be prohibitive if a lump sum payment is to be made," said Sunanda Kikla, Oracle Insur-ance Brokers' managing director.

"To this end some people restrict themselves to the minimum insurance required by law and stay exposed to damage and loss in case of an accident. We have always looked at loopholes in the market and tried to fill them."