Gulf Warranties enters motor cars retailing sector

Warranty Plus, available only from Oman Insurance Company, covers mechanical and electrical breakdown of cars. Initially, the product is being offered to used cars only, said V.R. Ajitkumar, general manager of Gulf Warranties.

Gulf Warranties in association with its insurance partners around the Gulf has been a pioneer in the field of extended warranty for motor cars in the Gulf over the last seven years. Having originated from Warranty Holdings, UK Gulf Warranties has operations in all the GCC countries. Gulf Warranties is also expanding into Lebanon, Syria and Jordan this year.

"In the first year, we expect to sell 2000 policies in the UAE itself," he said at a Press conference. Also present were Cecil O'Brien, deputy general manager, John Forrester, group's claims manager, both of Gulf Warranties, and M.S.G. Wijesiri, executive manager, Arab Insurance Group.

"This is our first attempt in the UAE to reach the public directly. The product will be widely advertised in the Press and on radio and will target both used and new car owners. While new car warranty will be sold mainly through dealerships, used car warranty will be available 'over the counter' from various outlets."