RAKBANK inks 10-year life insurance agreement with MetLife

The bank's customers will be introduced to Mpower

Abu Dhabi – The National Bank of Ras Al Khaimah (RAKBANK) has entered into a 10-year strategic partnership with MetLife, a global life insurance company, to offer the bank's customers comprehensive life insurance solutions.

Under the partnership, MetLife will provide the bank's customers with life insurance services with a non-medical underwriting limit of $1.25 million, according to a press release on Monday.

Meanwhile, the bank's customers will be introduced to the digital sales and service platform, Mpower.

Commenting on the partnership, the General Manager of MetLife Gulf, Dimitris Mazarakis, said: "Through this partnership, we will ensure that we offer products that deliver more features that reassure our policy holders that they’ll be covered, no matter what."

The Managing Director of Personal Banking at RAKBANK, Frederic de Melker, commented: "The digital and price efficiencies that result from our partnership will integrally translate into customer value through efficient product propositions."

Source: Mubasher

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