UAE Exchange launches Smart Pay Personal Accident Insurance scheme

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UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, in association with The New India Assurance Company Limited announced the launch of Smart Pay Personal Accident Insurance scheme. Designed specifically for the UAE market, the insurance scheme is free and can be availed by all customers who receive their salaries through UAE Exchange’s WPS compliant payroll service – Smart Pay.

Present on the occasion were Varghese Mathew (Country Head-UAE, UAE Exchange), C.S Ayyappan (COO-Dubai Operations, The New India Assurance Company), Mathai Vaidian (Associate VP- Sales & Services, UAE Exchange), Chittaranjan Revankar (Deputy General Manager (Agency), The New India Assurance Company) among other company officials of both parties.

Speaking on the occasion, Varghese Mathew, Country Head - UAE Exchange, UAE said, “Loss of health, loss of income and loss of asset are three major risks an individual might confront in case of an accident. Smart Pay Personal Accident Insurance scheme covers the policyholder against death or disability due to an accident. We are glad to associate with New India Assurance Company who is supporting us in creating awareness among the employees on the necessity of having an accidental insurance policy.”

Commenting on the tie-up, C.S Ayyappan, COO- Dubai Operations, The New India Assurance Company Limited said, “We are pleased to be part of this strategic partnership with one of the world’s leading remittance, foreign exchange and payment solutions brand. The free, customised and superior value insurance solution to the employees is in line with the unique requirements of the various individuals and will benefit the employees if met with any casualties.”

Smart Pay Personal Accident Insurance scheme covers the following benefits:


Varghese Mathew (Country Head-UAE, UAE Exchange), C.S Ayyappan (COO-Dubai Operations, The New India Assurance Company), Mathai Vaidian (Associate VP- Sales & Services, UAE Exchange), Chittaranjan Revankar (Deputy General Manager (Agency), The New India Assurance Company) among other company officials of both parties.

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