Free life insurance cover to expats

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ISLAMABAD: A money transfer brand, Xpress Money in association with the Union Insurance, an insurance firm in the Gulf Cooperation Council (GCC) region, on Wednesday launched remittance industry’s first free life insurance for overseas Pakistanis working in Saudi Arabia and Kuwait, a statement said.

 

The insurance cover is available to any person remitting money through Xpress Money, it said. The insurance will provide a life insurance protection of 15,000 Saudi riyals / 1,150 Kuwaiti dinars, including 5,000 Saudi riyals / 390 Kuwaiti dinars (approximately) of repatriation expenses of the mortal remains, something that not many insurance companies cover, the statement said.




Courtesy:  The News


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