National Bank of Abu Dhabi (NBAD) announced the launch of a new UAE- Bancassurance Regular Savings Plan designed to enable customers to save on a regular monthly basis to meet a range of investment needs.
Developed in partnership with Friends Provident International Limited (FPI Limited), NBAD’s Bancassurance product is exclusive to the UAE Market. Offered on competitive terms and providing a high degree of flexibility and choice, customers can tailor the Savings Plan to closely suit their individual needs and circumstance as they change over time.
NBAD’s Savings Plan is a regular premium, unit-linked, offshore life assurance policy offered solely through NBAD and issued by FPI Limited. As well as providing access to a range of NBAD investment funds, the Savings Plan incorporates a number of optional protection benefits providing financial security in the event of death or terminal illness.
Khalid Deemas, Head of NBAD’s Retail Banking Group: “This is a significant step for NBAD and we are very pleased to be forging a relationship with Friends Provident International Limited. I’m confident that this new venture will prove to be a very positive move for both companies and particularly for our customers. It reinforces our commitment to providing our customers with value for money, best-in-class products designed specifically to meet individual needs.” (menareport.com)
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