Dubai, United Arab Emirates - 11th December 2011: Mashreq, one of the UAE's leading financial institutions announced a distinctive insurance cover for its valued customers. This new and unique offering now provides assurance to customers through convenient job loss insurance when applying for a Mashreq personal loan.

The job loss cover is designed to ease financial stress on customers, by covering their monthly loan installment till they get re-employed or for as much as six months. The cover extends for installment amounts up to AED 3,000. Customers can keep covering their loan payment installment if they lose their jobs due to any unforeseen circumstances.

Nimish Dwivedi, Head of Personal Banking, Mashreq, said, "We aim to provide a complete lending solution to our customers. This unique offering combined with faster turnaround times allows customers to get a holistic borrowing solution with absolute peace of mind. We empathies with the immense pressure that customers' face in the unfortunate incidence of a job loss and this offering reflects our commitment to extend banking products that understand and fulfill our customer's needs."

The process for availing this relevant benefit is very simple, where customers can apply at the time of availing a personal loan and can get the coverage at a minimal premium along with a life insurance.

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About Mashreq:
Mashreq is one of the UAE's leading National 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. According to independent research it has more ISO certifications than any bank in the region by a wide margin. It's most recent acknowledgement was Best Consumer Internet Bank in Qatar and Best Consumer Internet Bank regionally by Global Finance Awards 2009.

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.

Faten Abdullah
Gulf Hill & Knowlton
Tel: 04 334 4930
Email: Faten. abdullah@hillandknowlton.com

© Press Release 2011