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Strategic Alliance Formed Between Emirates NBD and MetLife For Bankassurance Products

MetLife insurance, one of the largest insurance company across the world has signed a deal with Emirates NBD, the leading bank group across the Middle East, Turkey, and North Africa, to provide insurance products and service to the bank’s extensive wealth, SME customer and retail customer base across the United Arab Emirates.

This strategic alliance will ensure a comprehensive range of customized protection and saving solutions for the customers and introduce a new secured banking process. MetLife will be covering accident, life, and health insurance to the customers.

Suvo Sarkar, Senior Executive Vice President and Head of Retail Banking and Wealth Management of Emirates NBD said that with gradual awareness of financial literacy, Emirates NBD is happy to provide a new set of services in collaboration with MetLife. He further explained that the bank is offering customer-focused financial solutions being committed to helping customers in meeting their protection and saving needs in the best possible way.

Dimitris Mazarakis, General Manager of MetLife Gulf told that it is a demanding time for customers as they confront unprecedented challenges that are brought about by the current situation. He further stated that he is proud to partner with Emirates NBD who shares common values, vision, and priorities, and this alliance will keep the customer on the priority ultimately benefiting them.

Bank’s customers will have access wide range of term plans that will provide a high range of protection covers with the options that will insure them against any sort of critical disability and illness. Similarly, customers can also purchase a whole life protection plan that will permit contributions that can be made to a limited number of years and then get insured for lifelong coverage. It can also be treated as a saving solution.

There are schemes available for SME customers as well to cover business-related liabilities and then to provide key person insurance coverage across.

It has been found that 60% of UAE residents have remained insured and they lack coverage against emergencies like accidents, critical illness and the charm of insurance is gradually increasing throughout the country.

It is believed that this strategic alliance will provide customers increased flexibility regarding payment options and also cover the terms that are transparent with a charge of 30 days free look period during which customers can return the plan without any sort of commitments or charges.

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