Doha Bank Launches Sayadaty and Manzilouka, the First of its Kind Insurance Products in Qatar.

Doha Bank, reiterating its commitment to bring the best products to the market has launched Sayadaty, Critical Illness Insurance Product for women and Manzilouka, a unique Home Contents Insurance Product in collaboration with Oman Insurance Company.

The launch of these products was announced jointly by Mr. R Seetharaman, CEO of Doha Bank and Mr. Abdul Muttalib Al Jaidi, CEO of Oman Insurance Company in a function held at the corporate Office of Doha Bank. These unique products were jointly developed by the Bancassurance Team’s of Doha Bank and Oman Insurance Company.

Sayadaty is the first insurance product in Qatar developed specifically for Women. It provides insurance cover against various female specific illnesses ranging from Breast Cancer to Cervical Cancer. The product is available for female residents of Qatar from age 18 to 65. Manzilouka on the other hand provides insurance coverage for home contents ranging from Electronic Appliances to Jewellery. The insurance cover is on all risk bases which includes accidental damage and loss due to natural calamities.

Mr. R Seetharaman, commenting on the launch of these products said that “Doha Bank has always been one step ahead when it comes to innovating and bringing useful and value added products to the market. The launch of Sayadaty reiterates our commitment to the women of the country and is most relevant today when illnesses like cancer are spreading like wildfire”.

While explaining the aspects of the products, Mr. Abdul Muttalib Al Jaidi mentioned that Sayadaty and Manzilouka are products that exhibit innovation and creativity of Oman Insurance Co's product suite. Sayadaty is our recognition of the importance of women in today's society that offers ease of enrollment without any medical check up and that the full sum assured is paid as soon as the person is certified medically to have been diagnosed with any of the covered illnesses. Manzilouka is also a simple and hassle free home insurance”.

Mr. Kamal Deep Chhabra, Executive Vice President and Head of Bancassurance of Oman Insurance Company explained that the claims process is seamless with minimal documentation. He added that the uniqueness in a partnership with Doha Bank is the combination of the underwriting expertise of Oman Insurance and the Distribution expertise of Doha Bank bringing unparallel benefits to the customer.

On the distribution model for the products, the Head of Retail Banking of Doha Bank, Mr. Louis Anthony Scotto informed that the products will be available through the Bancassurance Unit and Doha Bank Branches shortly. The product application and details will also be uploaded in the new corporate website of the bank. Customers will be able to down load the application form and submit it to the nearest branches or directly to the Bancassurance Unit.

The function was attended by senior officials from Doha Bank and Oman Insurance Company.