Citibank launches 'My Child Plan'

Parents who subscribe to this pioneering plan can choose among four different cover levels which will ensure 10 years of payments towards children's education in case of parent's permanent disability or death, and an annual medication reimbursement sum in the event of a child's accident.

Underwritten by American Life Insurance Company (ALICO), MY CHILD Plan falls under the comprehensive FAMILY PROTECTION PLAN, which addresses family insurance needs through a variety of choices.

"At Citibank, we strive to constantly meet the evolving financial needs of our discerning customers," according to Mr. Rajeev Kakar, Regional Head for Citibank's Consumer Bank in Turkey,Middle East & Africa, who is based in the UAE. "In response to a growing demand among our customers for tailored protection programs designed to meet their specific goals, we have designed MY CHILD Plan to provide caring parents with peace of mind as they plan for the future growth and progress of their children."

Citibank's offer provides tailor-made banking solutions to a diverse clientele. Keeping apace with the fast developing UAE market, Citibank has introduced a broad spectrum of innovative personal banking products including credit cards, consumer loans, Citigold priority banking and investment services, in addition to tailored insurance products. Today, the bank dominates UAE's credit card market and is currently a leading provider of consumer credit services including personal and auto loans. The personal banking offer is backed by the sophisticated CitiPhone Banking service, a virtual branch meeting all banking needs over the telephone.