Bank Muscat, partners with GIG Gulf, offers 40 percent discount on Home Insurance covers

by | Dec 20, 2022 | 0 comments

MUSCAT – Homes and their contents are the most valuable possessions most people own in their lifetimes. Hence, getting quality home insurance might be your best choice to protect your home and everything under its roof against damage or destruction caused by natural disasters or accidents.

In an effort to provide maximum protection to its customers, Bank Muscat, the leading financial services provider in the Sultanate of Oman, had earlier tied up with GIG Gulf, the no. 1 regional insurer to offer comprehensive protection through GIG Home Insurance. Recently on the occasion of the bank’s 40th Anniversary, Bank Muscat announced that a 40 percent discount would be available to customers on home contents and personal belongings insurance cover during a special promotional period, which ends on 31 December 2022.

Speaking on the occasion, Abdullah Tamman Al Maashani, General Manager – Products at Bank Muscat, said, “The bank is delighted to join hands with GIG Gulf, the no.1 regional insurer, to provide an innovative home insurance plan for the benefit of all its customers. This partnership has not only delivered excellent value but has also played a key role in enhancing our value proposition to our customers. In line with the valuable feedback received on our bancassurance plans, Bank Muscat is pleased to offer coverage at significantly reduced rates to celebrate the bank’s 40th anniversary.” Abdullah Al Maashani also took the opportunity to thank customers for their confidence and trust in Bank Muscat.

Mehdi Al Harthy, General Manager and Head of Partnerships – Oman, GIG Gulf, commented on this occasion, “We are proud to have worked with Bank Muscat over the years to deliver a range of distinctive and value-added insurance plans for our customers. GIG Home Insurance plan is the ideal solution for protection against unexpected events that might take away the possessions you value the most. We encourage all Bank Muscat customers to take full advantage of the highly discounted rates on the home contents and personal belongings covers during the bank’s 40th-anniversary offer. As GIG Gulf, we have proudly served over 200,000 Bank Muscat customers since 2016, where we developed personalised, top-notch products that enhance and complement Bank Muscat products. Today, we provide various insurance solutions such as Life, Saving, Health, and Motor, to serve and cater to all customers’ needs.”

GIG’s Home Insurance plan offers exceptional value to both homeowners and tenants. It protects the building and its contents against fire, explosion, lightning, earthquakes, accidental damage, fixture breakage, and the like. It also offers worldwide personal belongings coverage for valuables such as passports, driver’s licenses, legal documents, jewellery, watches, music, sports and portable equipment, laptops, or any other items that customers may carry outside their homes.

The plan also includes the Owner’s and Occupier’s Liability Cover, which protects the insured from any claim made against them, and the Tenant’s Liability Cover, which protects the insured if they are legally held liable for property damage. As an added benefit, the insured can choose to cover domestic helpers under the home insurance policy for both medical coverage and repatriation of mortal remains.

Customers can purchase their Home Insurance plan and redeem the 40% discount on Home Contents and Personal Belongings insurance cover at Bank Muscat branches with GIG Gulf help desks or through the online portal: For more information on the Home Insurance plan available with GIG Gulf, please call 24032672.

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