Al Rajhi Bank Launches Motor Insurance Service through Al Rajhi Mobile App

Al Rajhi Bank Launches Motor Insurance Service through Al Rajhi Mobile App

Al Rajhi Bank has just launched a third-party motor insurance service through Al Rajhi Mobile App, which makes it the first bank in the Kingdom to provide this service through a digital platform.

The new service, which is in full compliance with the rulings and principles of the Shariah law, will be implemented in cooperation with Al Rajhi Takaful.

This new endeavor is a part of the bank’s strategy to become the leader of digital banking in the Kingdom by providing its customers with the best digital services and solutions. The entire process of the motor insurance can be done easily through Al Rajhi Mobile App, and the customer will immediately receive the insurance policy via e-mail, in addition to a 5% discount on his/her plan.

It’s worth mentioning that Al Rajhi Bank always strives to put the customers’ needs at the heart of the new digital products development process. That’s why Al Rajhi Bank decided to establish Saudi Arabia’s first Innovation Lab in the banking industry of Saudi Arabia.