Abu Dhabi National Insurance Company (Adnic), one of the region’s leading multi-line insurance providers, has joined hands with Emirates Development Bank (EDB) to provide comprehensive protection to the bank’s housing finance customers.

The insurance policies that Adnic will provide covers the bank’s Emirati customers in the unfortunate event of death or disability, while also providing them property cover against all risks during the construction and post-completion phase, stated CEO Ahmad Idris after signing the deal with Rashid Mahboob, the acting chief executive of EDB.

"We are delighted to enter into this partnership with EDB and to support the bank’s initiative to help UAE nationals secure housing finance," he noted.

Mahboob said the agreement aims at providing integrated insurance services to facilitate procedures for the clients according to the highest standards and management practices.

"The signing of this agreement comes into force to empower the role of the bank that operates under a clear, well-defined, and effective vision and mission, which will in return help build a national economy that is distinguished for its diversity, innovation, and sustainable growth to vital sectors," he noted.

"In addition, this will allow Emiratis to attain adequate housing and establish developmental projects that ensure a sustainable high standard of living for them. The bank also offers financing and savings solutions to help nationals obtain suitable accommodation at reasonable costs, as well as implement developmental projects in the country," he added.-TradeArabia News Service