UAE-based lender FGB has partnered with LIC International, a subsidiary of Life Insurance Corporation of India, to introduce a new co-branded credit card.
The new FGB LIC International credit card provides complimentary LIC International life insurance coverage, interest-free payment plans, reward points among other benefits.
FGB head of the consumer banking group Hana Al Rostamani said: "This product is another first for us in the region. This strategic partnership leverages the synergies of both organisations to offer tailor-made and innovative insurance solutions that are simple and hassle-free.
"This new credit card offers life protection coverage for AED1 per month in addition to a 0% Easy Payment Plan on LIC International premium payments at no extra cost.
"The FGB LIC International credit card also offers multiple complimentary lifestyle benefits, not just locally but also in India, Egypt and the Philippines, including free money transfers, pick-up and drop-off at airports, flight discounts and more."