Photo: UAE Central Bank
Abu Dhabi: The Central Bank of the UAE issued a directive on Monday, instructing all banks and insurance firms to provide customers affected by the recent adverse weather conditions with the option to defer repayment of instalments on personal and car loans for a duration of six months. This deferral period is to be implemented without any additional charges, interest, or augmentation of the principal loan amount.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
In addition to loan deferral, the Central Bank assured that damages incurred to vehicles and properties due to the heavy rainfall witnessed across the country last week are covered under insurance policies, specifically those encompassing loss and damage, commonly known as "comprehensive insurance". Insurance companies are mandated to provide compensation for these damages.
Moreover, the Central Bank emphasized that homeowners, whether of individual residences or buildings, covered by insurance, have the right to seek repairs for damages caused by the recent adverse weather conditions.
To safeguard their insurance entitlements, the Central Bank urged the public to thoroughly review and understand their insurance policies. In case of any complaints or disputes with insurance providers, individuals are encouraged to seek assistance from SANADAK, the financial and insurance ombudsman.
#trending #latest #UAEWeather #CentralBank #LoanDeferral #InsuranceCoverage #HeavyRainfall #FinancialRelief #CustomerProtection #SANADAK #InsurancePolicy #AdverseWeather #PropertyDamage #FinancialSupport #dubai #uae #ueanews #dubainews #sharjahnews #abudhabinews #dnn #breakingnews #worldnews #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn
The partnership also aims for strong cooperation in translation, with Emirati graduates of MBRF’s Translation Programme joining ALC’s Kalima Translation Project...Read More.
Technology is Shaping the Future of Health and Revolutionizing wellness....Read More.
Three Dead in Seaplane Crash Off Australian Island
A small seaplane carrying European tourists crashed into the ocean off Western Australia, killing th
DAE Signs Agreement to Acquire Nordic Aviation Capital
DAE signs deal to acquire 100% of Nordic Aviation Capital, a 30-year-old leasing firm
SEC talks about releasing impounded vehicles and associated fees
Sheikh Sultan bin Mohammed Al Qasimi chaired a Sharjah Executive Council meeting on Tuesday
8th MOTN Festival Draws Over 259,000 Visitors
This year's MOTN Festival, themed "Out of This World," offered 350+ experiences, including rides, en
Dubai: Ministry, KHDA partner to support scholarship students' success
Agreement to simplify accreditation processes for higher education institutions in Dubai
Abu Dhabi Arabic Language Centre teams up with Mohammed bin Rashid Foundation
The partnership also aims for strong cooperation in translation, with Emirati graduates of MBRF’s Translation Programme joining ALC’s Kalima Translation Project
The Role of Technology in Shaping Wellness and the Future of Health
Technology is Shaping the Future of Health and Revolutionizing wellness.
M42 broadens services of Sheikh Sultan bin Zayed Hospital to all.
M42 is dedicated to setting new standards in patient care by embracing innovation and cutting-edge technology, improving accessibility, and ensuring better heal
UAE lifts partial ban on personal drone use, easing restrictions
The initiative aims to enhance the quality of life and support the goals of the "We the UAE 2031" vision, focusing on innovation and growth
Smart Solo Travel Hacks You Need to Know for a Safe and Fun Trip
Top Solo Travel Hacks for a Stress-Free, Enjoyable Trip
Second suspect in Liam Payne drug death case surrenders: Police
Argentine police confirmed Tuesday that the second man accused of supplying drugs to British singer Liam Payne, who tragically fell to his death from a hotel in
Rima Zanoun: Paving the Way for a Sustainable and Kind Future
Her work shows that success can be meaningful, kind, and sustainable.
How Root Canal Treatment Can Relieve Pain and Save Your Smile
Root Canal Treatment relieves pain, preserves teeth, and restores smiles.
German startup bets on remote driver tech with invisible man concept
German startup Vay unveils SUV with remote driver tech, resembling an autonomous robotaxi
Jennifer Lopez and Ben Affleck finalize their divorce settlement
Latin pop star Jennifer Lopez and her ex-husband, actor Ben Affleck, have reportedly reached a divorce settlement, five months after filing
3001E, 30 Floor, Aspin Commercial Tower, Sheikh Zayed Road, Dubai, UAE
+971 52 602 2429
info@dxbnewsnetwork.com
© DNN. All Rights Reserved.
