Friends Provident International launches Decreasing Term Assurance

28 April 2014
Friends Provident International has launched a new Decreasing Term Assurance (DTA), which is available as part of the multi-award-winning International Protector Middle East protection plan.

DTA will complement the broad range of coverage offered by the existing plan, which includes life, critical illness, life or earlier critical illness and total and permanent disability benefit; and is a cost effective solution for customers that have a protection requirement that will reduce over time, for example a mortgage.

Matthew Waterfield, Friends Provident International's General Manager, Middle East and Africa said:-

"In response to demand from our distribution partners, we are pleased to introduce DTA as an option under the hugely successful International Protector Middle East protection plan.

With the currently buoyant housing market in the UAE, the introduction of DTA is very timely. The vast majority of banks in the region require their mortgage customers to have life and or critical illness insurance in place as a condition of the loan and DTA is an extremely cost effective way of meeting this requirement."

With a DTA plan, the sum insured reduces in line with the balance outstanding on a mortgage or loan, and is designed to clear the balance if the customer falls seriously ill or dies before the amount borrowed is fully repaid - provided no changes are made to the terms of the loan after the policy is taken out. This means that customers only pay for the cover they need.

International Protector Middle East is available exclusively through financial advisers holding terms of business with Friends Provident International and its bank distribution partners.

Matthew Waterfield commented:-

"We are proud that International Protector Middle East is consistently recognised as one of the best protection products available across the life insurance industry in the Middle East, and delighted to be able to strengthen the product even further with the addition of DTA."

Journalists requiring further information should contact:
James Bishop
Hill +Knowlton Strategies
james.bishop@hkstrategies.com
+9714 3344930

Tim Hughes
Friends Provident International
tim.hughes@fpinternational.com
+9714 4362883

Catherine Smith
Head of Communications
Friends Provident International
catherine.smith@fpiom.com
(t) +44 (0)1306 746 743
(m) +44 (0)7900 700 438
Ref: NI005

About Friends Provident International:
Friends Provident International provides competitive life assurance, pensions and investment products for Asia, Middle East, Europe, UK and other selected markets, and is part of the Friends Life group.

Friends Provident International benefits from a strong relationship with the Friends Life group, sharing a heritage that dates back over 200 years, a reputation of trust, commitment and integrity in providing financial solutions to customers throughout their lives.

We have more than 35 years of international experience, offices in the United Arab Emirates, Hong Kong, Singapore and the Isle of Man, and more than 400 staff worldwide.

See www.fpinternational.com for further information on Friends Provident International.

IMPORTANT INFORMATION
Friends Provident International Limited. Registered & Head Office: Royal Court, Castletown, Isle of Man, British Isles, IM9 1RA.
Telephone: +44 (0)1624 821 212
Fax: +44 (0)1624 824 405
Incorporated company limited by shares.

Registered in the Isle of Man No. 11494.

Authorised by the Isle of Man Insurance and Pensions Authority.

Provider of life assurance and investment products.

United Arab Emirates
Friends Provident International Limited's branch office:
Friends Provident International Limited
Emaar Square, Building 6, Floor 5, PO Box 215113,
Dubai, United Arab Emirates
Telephone: +9714 436 2800
Fax: +9714 438 0144
Email: dubaiservicing@fpinternational.com
Website: www.fpinternational.com/me

Registered in the United Arab Emirates as an insurance company (Registration No.76) and as a foreign company (Registration No. 2013).

Authorised by the United Arab Emirates Insurance Authority to conduct life insurance and savings business.