Dubai-based Commercial Bank International (CBI) has reached an agreement to market and distribute Zurich International Life's different insurance products, including protection in UAE.
Leveraging CBI’s retail distribution network, Zurich International Life plans to strengthen its insurance distribution network in the UAE.
Under the terms of the agreement, CBI will provide Zurich’s products to its retail customers through its Direct Sales team and expanding network of branches across the country.
The products that will be marketed under the bancassurance agreement include Futura, Vista, International Term Assurance and Global Choice.
The lender said that these insurance products will also improve existing saving schemes available to its customers, while delivering additional value to its retail bank offering.
Commercial Bank International retail banking head David Power said that the company is pleased to partner with Zurich International Life and offer their comprehensive range of products to our customers.
"Known to offer flexibility, financial advantage and competitiveness in terms of fees and fund selection, this association will further reinforce the Bank’s strategy to offer products that are easy to understand and yet still add considerable value to our customers," Power added.
Zurich International Life local bank distribution head commented, "Zurich’s flexible and tailored range of life assurance, investment and protection solutions will surely add value to CBI’s retail customers by catering to their financial protection needs."
Founded in 1991, Commercial Bank International manages 19 full-fledged branches across the UAE, and two subsidiary companies including Takamul Real Estate (TRE) and International Financial Brokerage (IFB).
————————————————————————————————————————————————————————————————Image: Zurich Corporate Center, Mythenquai 2, Zurich. Photo courtesy of Zurich Insurance Company Ltd.