Deals of the Week: First Gulf Bank launches new insurance account

The First Insure account allows customers to manage multiple insurance payments through one source, plus UAE Exchange launches a reward draw for customers.

The Abu Dhabi-based First Gulf Bank (FGB) has launched a new account for busy customers looking to streamline multiple insurance payments.

The First Insure account allows FGB customers to manage and consolidate their insurance-related payments through one source and is linked to both savings and current accounts.

The bank, which was established in 1979 and is majority owned by the Abu Dhabi royal family, says the account is part of its First Insure umbrella that "offers insurance and protection-related products and services" to customers.

First Insure also offers a range of insurance products and services, including education plans, life insurance, retirement solutions, critical illness plans and car insurance.

"Our customers lead a very hectic lifestyle today and we felt there was a huge need for a product which helps streamline all insurance- related payments through one channel," says Mufazzal Kajiji, the head of wealth management and bancassurance at FGB.

"The First Insure account is simple and easy to use and comes with a dedicated relationship officer, which we think will go a long way in making our customers' banking experience easy to use and stress free."

Customers can also gain loyalty points by maintaining a monthly average account balance of Dh5,000 or above, by making insurance payments through their First Insure account, or purchasing an insurance plan through FGB.

For more information, go to www.fgb.ae.

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There's still time to enter the New Year Fest, a promotion organised by UAE Exchange that gives customers the chance to win cash and cars by simply remitting their money.

UAE Exchange, one of the oldest currency exchange and remittance houses in the country, says customers need to make just one transaction to qualify to enter the draw. The competition ends on February 3.

A total of 100 customers can win their transaction amount back in their respective payout currencies (to a maximum of Dh10,000), UAE Exchange says, while the mega draw will see one customer win a Nissan Xterra. Two Nissan Sunny cars are also up for grabs.

"We have recently completed 31 years of eventful service and each year has been a milestone in the success of UAE Exchange," says Y Sudhir Kumar Shetty, the chief operating officer of UAE Exchange. "This promotion is our way of saying thank you to our customers, who are the reason for our success."

For details about the competition, go to www.uaeexchange.com.