Partnering with global insurance provider, American Life Insurance Company (ALICO), the NBD Savings Plans package will provide a variety of insurance options for the protection of NBD customers and their families.
The new product allows customers to combine regular savings and insurance to fund long-term investments in education, home purchase, marriage, family protection and retirement. The insurance protection to be provided by ALICO covers a range of eventualities including death, critical illness and disability. With low monthly payments and flexible terms, NBD Savings Plans enables customers to accumulate their savings into tailor-made investment strategies that range from conservative to aggressive.
"Our main objective is to provide a platform for customers to better plan for their financial future," stated Suvo Sarkar, Head of Retail Banking, National Bank of Dubai. "We are constantly expanding our range of value added products, and NBD Savings Plans will bring customers the combined strength of two reputed organizations in the region - NBD and ALICO."
NBD Savings Plans are available for terms ranging from 1 year to 20 years, and returns are linked to a number of international portfolios of equity and fixed income managed by professional fund managers. All customers are also eligible to benefit from a free NBD savings account and a free-for-life NBD credit card. The product is available through NBD's network of over 40 branches in the UAE.
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National Bank of Dubai launches insurance-linked savings plans
- United Arab Emirates: Wednesday, June 15 - 2005 at 14:03
- PRESS RELEASE
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National Bank of Dubai today announced the launch of NBD Savings Plans, a range of insurance-linked long term savings plans for customers throughout the UAE.
national Bank of Dubai has launched NBD Savings Plans.
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Posted by Christine H. Andersen, Assistant News EditorWednesday, June 15 - 2005 at 14:03 UAE local time (GMT+4)
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About the National Bank of Dubai
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 40 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.
American Life Insurance Co. (ALICO)
ALICO is among the largest international life insurance companies in the world. ALICO has operations in more than 50 countries. ALICO is licensed and regulated by the Delaware Insurance Department, as well as by other jurisdictions around the world. ALICO is a subsidiary of the American International Group (AIG), the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world.
Issued on behalf of the National Bank of Dubai by Hill & Knowlton.
For further media information please contact:
Nada Lotfy
Tel: + 971 5 455 6757
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 40 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.
American Life Insurance Co. (ALICO)
ALICO is among the largest international life insurance companies in the world. ALICO has operations in more than 50 countries. ALICO is licensed and regulated by the Delaware Insurance Department, as well as by other jurisdictions around the world. ALICO is a subsidiary of the American International Group (AIG), the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world.
Issued on behalf of the National Bank of Dubai by Hill & Knowlton.
For further media information please contact:
Nada Lotfy
Tel: + 971 5 455 6757
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