Xpress Money offers free Life Insurance cover to Overseas Pakistanis

Islamabad, May 22, 2013 (PPI-OT): Xpress Money, the world’s most dependable money transfer brand, in association with Union Insurance – one of the leading insurance firms in the Gulf Co-operation Council (GCC) region, today launched remittance industry’s first free life insurance for Overseas Pakistanis working in the Kingdom of Saudi Arabia (KSA) and Kuwait. Designed specifically to suit the blue collared population, this monthly renewable free life insurance scheme, is available to any person remitting money through Xpress Money.

This pioneering insurance will provide a life insurance protection of 15, 000 Saudi Riyals / 1150 Kuwaiti Dinars including 5000 Saudi Riyals / 390 Kuwaiti Dinars (approximately) of repatriation expenses of the mortal remains, something that not many insurance companies cover.

The life insurance benefit will be available to any person remitting money through Xpress Money for a period of one month, from the day the customer makes a transaction. A remitter can avail this life insurance free of cost irrespective of the amount transacted.

Mr. Rizwan Hamdani, Country Manager – Pakistan, Xpress Money, said: “Majority of the Pakistani expats from blue-collared category, residing and working in the KSA and Kuwait, generally work in hazardous conditions at construction sites, factories etc.

We launched this free life insurance scheme because we are sensitive to humanity and believe that every life is priceless. This life insurance is a critical value addition to our services and we are glad to be associated with Union Insurance – a leading insurance brand in the Gulf Co-operation Council (GCC) region in creating a new milestone in the remittance sphere.”

Mr. Hamdani further added, “This is a pioneering initiative that no remittance player has offered so far. The launch of this innovative product will truly benefit many blue-collared Overseas Pakistani workers and will give an edge to Xpress Money and Union Insurance. Being one of the biggest global remittance brands, we look forward to further expansion to other countries and regions over the next few months” he added.

Over the next few months Xpress Money plans to offer this service to a wider range of customers and will add more corridors to the existing list, based on the response that the service receives from the target audience.

For more information, contact:
Alisha Fernandes
Xpress Money
Email: alisha.fernandes@xpressmoney.com
Tell: +971 2 652 1317

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