Arab Finance: Contact Insurance Brokerage, a subsidiary of Contact Financial Group, and Mobilaty, a subsidiary of Al Safy Group, signed a partnership agreement to provide a one-year free insurance for the devices and phones of Mobilaty’s customers, as per a press release.
As per the deal, which is the first of its kind in the Egyptian market, a one-year free insurance policy will be activated for each buyer of phones and electronic devices from Mobilaty’s 20 branches all over Egypt.
The insurance policy includes comprehensive coverage for external damage like breaking, fire, and drowning of devices.
This is in addition to allowing customers to access Mobilaty's online shopping platform, which offers a trove of products, as smartphones, electronics, and accessories from the world’s best-selling brands.
"The cooperation with Al-Safi Group came within the framework of Contact Insurance Brokerage's continuous plan to expand its business and services in the Egyptian market, and its keenness to deal with companies in all fields,” Chairman and Managing Director of Contact Insurance Brokerage Nihal Break commented.