Free insurance coverage for Xpress Money remitters

Xpress Money, a popular money transfer brand, has launched the industry’s first free life insurance cover scheme for its Saudi remitters in partnership with Union Insurance.
This monthly renewable free life insurance scheme, is available to any person remitting money through Xpress Money.
This pioneering insurance scheme will provide a life insurance protection of AED 15,000 (SR 15,000) including AED 5,000 (SR 5,000) of repatriation expenses of the mortal remains.
From Saudi Arabia, the insurance cover will be available to remitters to India, Pakistan, Bangladesh and Indonesia corridors.
The life insurance benefit will automatically 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 therefore avail of this life insurance scheme free of cost for as long as he/she wishes by simply remitting money on a monthly basis through Xpress Money, irrespective of the amount transacted. Sudhesh Giriyan, vice president and business head, Xpress Money, said: “This life insurance scheme is a critical value addition to our services that yet again reinstates our commitment, of bringing a humane touch to the business we are in.”
Pushpak Damania, RVP — business development, MENA AFPAK, Xpress Money, said: “The launch of this product will truly benefit many blue collared workers at large as well as give Xpress Money and Union Insurance an edge over our competitors with the innovativeness of the product. We look forward to further expansion to other countries and regions over the next few months.”
Usman Khadmi, president of Union Insurance Company, said: “We are proud to enter into a strategic partnership with one of the world’s leading money transfer brands.”
He said: “Together with Xpress Money, it is now possible to offer innovative, superior-value insurance coverage to all of their customers.”