Abu Dhabi National Insurance Company has entered into a strategic partnership with the Sheikh Zayed Housing Programme to introduce a life insurance initiative for eligible citizens. The official agreement was signed during a ceremony held in Dubai.
The Abu Dhabi National Insurance Company will manage the insurance program in collaboration with leading local insurance firms associated with the scheme in the country. This new program offers coverage that extends up to age 95, surpassing the market’s maximum age limit of 70. As a result, citizens aged up to 70 can apply for housing loans with repayment terms of up to 25 years.
Charalampos Melonas, the CEO of Abu Dhabi National Insurance Company, stated, “We fully understand the profound impact that life insurance can have in enhancing the financial stability of families. Our collaboration with the Sheikh Zayed Housing Programme exemplifies this understanding.”