Insurancemarket.ae has reportedly partnered with payment technology provider Spotii to roll out online car insurance purchases spread payment over four payments.
The partnership will provide all InsuranceMarket.ae to purchase car insurance with a 25% down payment, and an additional three payments, under the company’s ‘Insure Now, Pay Later’ proposition.
The new offering is expected to help customers afford vehicle insurance without having to pay full payment at the time of purchase and spread the cost of insurance, with no hidden costs, fees or charges to consumers.
Commenting on the development, InsuranceMarket.ae CEO Avinash Babur said: “We are committed to providing our clients simple yet innovative ways to save time and money when buying insurance and we are pleased to launch our exclusive ‘Insure Now, Pay Later’ facility in partnership with the promising team at Spotii.”
Spotii CEO Anuscha Iqbal was quoted by Zawya as saying: “Car insurance is obviously vital, and we appreciate how it’s one area where a lot of consumers really feel the pain of full payment upfront.
“Forming a partnership with the UAE’s largest, most well-known insurance providers to help people by introducing ‘Insure Now, Pay Later’ is a proud moment for me and the Spotii team. We are working tirelessly to help people make life more affordable – and InsuranceMarket.ae is now part of our pain-free payment family.”
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