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Article: Al-Futtaim Automotive introduces redundancy cover.
- Article from:
- CPI Financial
- Article date:
- June 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: news@cpifinancial.net (Staff Writer)
The group represents Toyota, Honda, Volvo, Chrysler, Jeep, Dodge as well as Automall, Al-Futtaim Automotive's pre-owned car division. The free redundancy insurance cover, a first in the UAE, gives Al-Futtaim customers the reassurance of a payout of 15 per cent of the invoice value of the vehicle purchased in the unfortunate event of them losing their job involuntarily.
The customer is free to use this payout as they wish. For example, if the vehicle was purchased on finance, the payout can be used to continue to make their monthly payments while they find new ...
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