Only bank to offer Gold investment with free life insurance
Dubai, UAE, 18th October 2011: Mashreq, one of the UAE's leading financial institutions announced the launch of a unique Gold Investment product that comes packaged with a free life insurance policy. This first of its kind, this new bundled product allows customers to invest in Gold bullion through a fund thereby giving them the opportunity to access one of the preferred asset investments categories during these uncertain times.
Mashreq's Gold Investment product is offering customers the opportunity to invest either lump sum of AED 26,000 or monthly investments starting from AED 1, 200. The free life insurance bundled with this product amounts 10 times if the investment is made as lump sum and 100 times if made on monthly basis. The maximum limit of the life insurance capped AED1 million.
Nimish Dwivedi, Head of Personal Banking, Mashreq commented, "Gold has emerged as an important asset class during these turbulent times. With this offering customers not only get the benefit of investing in Gold but also get the dual advantage of a free life insurance cover with their investment. This is a unique and relevant offering that will appeal to all investors looking at including gold as an asset class in their investment portfolio."
This product has no lock in period allowing customers the flexibility to, invest in the scheme as long as they prefer and redeem the value of their savings at anytime.
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About Mashreq:
Mashreq is one of the UAE's leading financial institutions. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts, it was the first to launch such products as travelers' cheques, credit cards and ATMs.
Mashreq has received numerous international awards such as the Best Bank in the UAE in 2008 from Euro money and various awards particularly for quality management. It's most recent acknowledgement was Best Consumer Internet Bank in Qatar 2009 & 2010, Best Consumer Internet Bank regionally by Global Finance Awards 2009 and Best Emerging Market Banks Middle East by Global Finance Awards 2010.
As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.
© Press Release 2011
