May 25, 2011
BKIC hosted a function on 24th May 2011 at Golden Tulip Hotel to launch the company's new medical insurance product in presence of Mr. Abdul Rahman Al Baker, Executive Director - Financial Institutions supervision of CBB, Mr. Ebrahim Al Rayes, Chief executive Officer of BKIC and other executive management members had attended the ceremony and Mr. Hitesh Kotak, Vice President, Strategic Planning Group represented ICICI Lombard General Insurance Company based in India. The invitees included representative of leading broking companies and members of various Indian professional and cultural groups based in Bahrain.
This product has a unique health insurance program Health on Return especially for Indian expatriates in Bahrain who need health insurance when they visit India. Equally important, the policy also provides for assured insurance protection when the person returns home for good, after a prescribed period. This product is expected to bring a greater amount of awareness of the benefits of health insurance and the importance of planning ahead.
Mr. Al Rayes, Chief Executive Officer of BKIC has stated: It gives us great pleasure to see BKIC as it continuously looks for new ways to improve its presence across various segments, and diversify its product portfolio. Our product is reinsured with the help of ICICI Lombard. ICICI Lombard would also assist BKIC in claim related services to be provided to insured during