CBI and Zurich International Life sign agreement to distribute Life Insurance products
Monday, February 17, 2014
Commercial Bank International (CBI) has signed an agreement with Zurich International Life (Zurich) to market and distribute Zurich’s range of Life Insurance products, including protection, investment and savings plans, through its retail distribution network.
CBI will offer Zurich’s market-leading products to its retail customers through its Direct Sales team and expanding network of branches across the United Arab Emirates. These products include Futura, Vista, International Term Assurance and Global Choice. The products will enhance the existing saving schemes available to CBI customers and provide additional value to its Retail Bank offering.
- Futura: A flexible whole of life, unit-linked protection policy designed to accommodate changes to benefits as the circumstances of your life change.
- Vista: A regular premium savings policy with inbuilt life insurance that provides flexibility and a strong choice of funds.
- International Term Assurance: A simple and cost effective way to provide future financial security for dependents, where the policy runs for a fixed term and will payout a pre-determined cash sum over the term of the policy.
- Global Choice: A flexible and portable medium- to long-term investment plan.
Commenting on the occasion, David Power, Head of Retail Banking at CBI said: “We are very 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.”
Shabnam Ansari, Head of Local Bank Distribution, Zurich International Life, commented: “We are delighted to formalize our relationship with CBI by signing this agreement- the start of a productive and long lasting alliance. Zurich has been providing life insurance in the Middle East for 25 years and we look forward to sharing our experience and expertise with CBI’s Retail Bank team. We are confident of CBI’s strong focus on customer centric products and services. 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.”