Insure Direct launches HPV Scheme to cover high-valued vehicles
Scheme offers easy option for exclusive client base
Insure Direct (Brokers), Dubai <www.insuredirect.ae>, the insurance and re-insurance broking company under Dubai World, today announced that it has developed a niche-specific product for High-Performance/High Valued motor vehicles valued at AED200,000 and more. The high-yielding HPV Scheme is formatted in the most customer-friendly way, providing an easy and effortless insurance option for an exclusive category of clients.
Through this scheme, launched in compliance with the mandatory motor vehicle insurance requirements of the UAE, Insure Direct aims to provide insurance cover to a highly productive customer base in the country.
Mr. Kenneth George Maw, Chief Executive Officer of Insure Direct, said the new product is designed to provide maximum benefit to the customers with minimum effort on their part. “Insure Direct’s strategic policy is to come up with unique schemes that offer highest quality returns. This is part of our growth plans. The HPV Scheme is an exclusive one, targeting a quality customer base, and is practically a no-questions-asked scheme, provided the basic parameters are met. We are confident that our new product will enhance our service quality,” he said.
With the booming economy enhancing consumer capacity, the region’s automobile sector is showing tremendous growth potential. This has widened the customer base for high performance, high-valued vehicles. Through this scheme Insure Direct has responded to the insurance market possibilities.
The HPV Scheme offers highly competitive rate and deductibles with wider coverage. It provides coverage in the UAE and is automatically extended to Sultanate of Oman. It will support three years’ agency repairs from the date of the first registration of the vehicle, as against the industry standard of two years’ agency repairs.
The highlight of the HPV Scheme is that it seeks minimum requirements from the customer. There are no subjectivities or controls and the customer can join the plan with the most basic documentation. The company also pledges speedy issuance of insurance certificates.
The HPV Scheme is in line with the company’s policy of steady regional and global expansion by focusing on the huge potential for the insurance sector across the world. Being part of Istithmar World, Dubai World’s investment arm, Insure Direct is keen to follow the Group’s vision of global growth with local perspective.
Insure Direct, which strengthened its operations through the recent acquisition of PWS International Ltd, Bahrain, the Middle East operating arm of London-based PWS Group and which supports regional Reinsurance placements, is strategically pacing its expansion plans to deliver competitive and quality services in insurance and reinsurance sectors in the Northern Gulf, Saudi Arabia, Jordan, Iraq, Syria and Lebanon. The company aims to launch operations in the bigger markets of Asia and Europe.
