UAE-based Commercial Bank International (CBI) has signed a bancassurance agreement with Zurich International Life, to market and distribute its life Insurance products, including protection, investment and savings plans in the country.
The new deal will enable Zurich to boost its insurance distribution network in the UAE, using CBI’s retail distribution network.
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As per the agreement, CBI will offer Zurich’s insurance products and services to its retail customers through its Direct Sales team and expanding network of branches across the country.
Zurich’s Futura, Vista, International Term Assurance and Global Choice as well other products will be marketed under the bancassurance agreement.
According to the bank, these insurance products will also enhance its 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.
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By GlobalData"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.
