Abu Dhabi Nationwide Insurance coverage Firm (ADNIC) has launched a specialised life insurance coverage providing for eligible UAE nationals via a strategic partnership with the Sheikh Zayed Housing Program (SZHP).
The initiative will present life insurance coverage protection as much as the age of 95, considerably extending past the market norm of 70 years outdated. This allows Emiratis, aged as much as 70, to nonetheless qualify for housing loans with a most tenure of 25 years, considerably enhancing monetary inclusion for older debtors.
ADNIC expands life insurance coverage phrases
The housing loans below the Sheikh Zayed Housing Program are administered via main native banks which were related to programme since its inception.
Charalampos Mylonas, Chief Govt Officer of ADNIC, commented: “As an insurer working on the very coronary heart of the group, we perceive why life insurance coverage is so vital because it ensures households a measure of safety towards the opposed monetary penalties.
“As such, we’re proud to work alongside the Sheikh Zayed Housing Program (SZHP) to present people a larger sense of financial safety and peace of thoughts. At ADNIC, our dedication stays to make insurance coverage actually about individuals by defending their revenue, property, well being, and lives.”
Whereas the scheme is already lively via the collaborating banks, the signing ceremony marked its official public announcement.
