As appointed representative for LIC (international) BSC(c) in the UAE, First Gulf Bank (FGB), one of the major leading banks in the UAE, recently organised an informative event for LIC policyholders and FGB Credit Card holders at Al Boom Tourist Village in Dubai to educate them about insurance and pension solutions. The event provided customers with valuable information on the insurance products offered through the partnership in addition to offering free consultation services for each customer.

During the event, FGB and LIC experts created tailored financial plans for each customer and answered questions from policyholders. In addition, a variety of benefits were communicated to customers, including discounts on leading brand purchases in diverse outlets such as Sharaf DG, Rivoli, Bellissimo, and Mom & Me, as well as the chance to win gold coins with every product sign up.

Commenting on the event, Mufazzal Kajiji, Head of Wealth Management and Bancassurance at FGB, said: “It’s important that we interact face-to-face with our customers. We don’t want only to understand their lifestyle, so that we can create innovative products matched to their needs, but we also want to make sure that our customers are fully aware of all related benefits and features that they can benefit from our product range. FGB already has a line of solid bancassurance products that have been specifically created to address UAE community needs. These include the Well Woman Plan for covering different types of female cancers, and Diabetes Care, for diabetes, both of which are prevalent issues in our community.”

LIC International and FGB joined forces earlier this year in a new partnership designed to enhance existing insurance and pension offerings to customers in the UAE. Through this partnership, FGB is offering a range of US Dollar-denominated products, including Guaranteed Return Plans, Traditional Plans and Unit Linked Plans, in the life insurance and annuity segments. In return, LIC will offer FGB customers the opportunity to avail the benefits of life insurance and meet their lifestyle needs with an option to continue these plans in their home country.

“Our partnership with LIC, combined with our understanding of the UAE, allows us to offer the right kind of products that match to the needs of local residents.” Mufazzal Kajiji, Head of Wealth Management and Bancassurance at FGB, commented.

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