National Bank of Abu Dhabi launches bancassurance product

Developed in partnership with Friends Provident International Limited (FPI Limited), NBAD's Bancassurance product is exclusive to the UAE Market. Offered on very 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."