Laying a life insurance program for Emirati citizens up to 95 years old

“Abu Dhabi National Insurance Company”, one of the leading companies in the region in the field of multiple insurance for individuals and companies, entered into a strategic partnership with the “Sheikh Zayed Housing Program”, to launch a life insurance program for qualified Emirati citizens.

The official signing of the agreement was made during a special ceremony held in Dubai, marking the start of the implementation of the program.

Abu Dhabi National Insurance Company will organize the insurance program in partnership with the most prominent local insurance companies related to the program in the country.

The new program provides insurance coverage that extends up to the age of 95, exceeding the maximum approved in the market, which is 70 years, which enables citizens until the age of 70 to apply for residential loans for a period of payment of up to 25 years.

This expansion reflects an important shift that enhances the levels of financial inclusion, and expanded the scope of benefiting from residential financing solutions to a wider segment of citizens.

The housing financing loans are managed within the framework of the Sheikh Zayed Housing Program in cooperation with the most prominent local banks participating in the program.

On this occasion, Charlamebus Milonas, CEO of Abu Dhabi National Insurance Company, said: “Based on our role as an insurance company that plays an important and pivotal role in the service of society, we are fully aware of the deep impact that life insurance has in promoting financial stability of families. Our cooperation with the Sheikh Zayed Housing Program embodies this perception, by providing a protection umbrella that contributes to the consolidation of economic safety and reassurance in the future, as we adhere to the National Insurance Company to provide integrated insurance solutions that take into account the needs of individuals, and provide a comprehensive protection umbrella for income, assets, health and life.

The signing ceremony was an occasion for the official announcement of the insurance program, in order to establish the position of Abu Dhabi National Insurance Company as a leading institution in creating insurance solutions that support national priorities and keep pace with the increasing needs of citizens.