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Ahli United Bank (AUB), one of Bahrain's leading banks, and Bahrain National Insurance Company (BNI), the kingdom's leading insurance provider, have entered into a strategic alliance to offer the first insurance co-branded credit card in the kingdom.
The launch of the AUB-BNI credit card was announced at a joint press conference at Gulf Hotel and attended by Abdulla Al Raeesi, deputy group CEO, AUB and Abdulla Al Suwaidi, general manager - Motor and Personal Lines, BNI and other officials from both AUB and BNI.
The new AUB-BNI co-branded credit card will offer customers considerable savings on insurance premiums together with the insurance benefits that an AUB gold credit card offers. The savings on insurance include 10 per cent on premiums for motor, medical and Al Dar home insurance and five per cent on premiums for life insurance with BNI. Besides this, AUB-BNI credit card holders have the option to have their insurance premium payments automatically charged to their card, under a direct debit facility.
This will ensure that the customer's insurance cover never ceases since premium payments will be automatic.
"AUB's alliance with BNI comes as part of its strategy to enhance its retail banking offerings", said Mr Al Raeesi. "With this strategic alliance with BNI, we are offering a credit card that provides unique insurance benefits including the insurance benefits of an AUB gold credit card. AUB looks forward to a mutually beneficial relationship with our esteemed partner whilst enhancing the attractiveness of our product range to our customers."
"In yet another pioneering step by BNI, we have partnered with AUB to provide Bahrain's first insurance co-branded credit card," added Mr Al Suwaidi. "This exciting move is an example of how two of Bahrain's top financial services providers can come together to offer innovative products."
AUB-BNI credit card customers will also benefit from the other features that AUB credit cards offer. These include comprehensive travel insurance including medical insurance of up to $50,000 and the opportunity to earn rewards for every dinar spent on the card with AUB's rewards programme, Pearl Rewards.
Accumulated Pearl Points can be redeemed for free air tickets, hotel stays or can even be used for payment of insurance premiums at BNI.
For more information visit any AUB or BNI or call 17221999.
