- Orient Insurance Company partners with Mashreq to launch low-risk investment growth and insurance plan for life-long planning and financial security
Dubai, UAE: Orient Insurance Company (Orient) part of Al-Futtaim Group, has partnered with Mashreq, one of the leading financial institutions in the UAE, to launch Orient Educare – a new guaranteed returns savings, investment, and insurance plan.
Orient Educare is designed to provide Mashreq customers with a low-risk savings plan that offers investment growth and insurance alongside a guaranteed maturity that delivers long-term financial security. The new product is designed for individuals and families looking to build a worry-free financial future for significant life events such as education fees or retirement.
President of Orient Insurance Group, Omer Elamin, said: “We are delighted to partner with Mashreq and provide its customers with a wider array of our solutions. This partnership will help further strengthen our distribution and provide growth opportunities through Mashreq’s wide network. With customer-centricity at the heart of everything we do, we constantly endeavour to provide effective savings solutions to our customers based on their evolving needs. Our insurance product portfolio will complement Mashreq’s existing offerings and empower their customers to develop a robust financial plan.”
Executive Vice President, Head of Mashreq Gold, Aladdin AL Deesi, said: “We would like to extend a warm welcome to Orient as a new insurance partner to Mashreq. The collaboration is just the latest in a series of moves designed to enrich Mashreq’s already comprehensive suite of insurance products, which include health insurance plans, critical illness cover, lifestyle protection schemes and life insurance solutions. Orient’s expertise perfectly complements our approach to delivering the best digitally-enabled customer experiences.
The development of Orient Educare sets out to provide our customers with an investment solution that offers peace of mind, financial security, and guaranteed returns. Whether they are looking to save for their children’s school fees or retirement, this innovative new savings and investment product delivers long-term financial stability with minimal risk.”
Part of the Al-Futtaim Group, Orient is the leading customer-oriented insurer with over 40 years of experience in the UAE insurance market. A robust composite insurer, Orient has excellent expertise in Commercial, Technical, Life, and Retail Insurance with the highest rating in the region and has recorded the highest growth, equity, technical, and net profit in the UAE.
Orient offers both conventional as well as bespoke products for corporates and individuals. The company plays a significant role as an insurer in the growth of the regional economy through its innovative products, such as Credit Insurance, Event Cancellation, Professional Indemnity for various business segments, Strata Insurance for jointly owned properties, and Energy Insurance.
About Al-Futtaim Group:
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.
Structured into five operating divisions; automotive, financial services, real estate, retail and health; employing more than 33,000 employees across more than 20 countries in the Middle East, Asia and Africa, we partner with over 200 of the world’s most admired and innovative brands.
Al-Futtaim Group’s entrepreneurship and relentless customer focus enable the organisation to continue to grow and expand, responding to the changing needs of our customers within the societies in which we operate.
By upholding our values of respect, excellence, collaboration, and integrity, Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.
Mashreq is more than half century old bank, yet proudly thinks like a challenger, start-up, and innovator. Mashreq pioneered key innovations and developments in banking, starting with entry-level digital-first customers, all the way to powering some of the region’s most prominent corporations and wealth accounts.
The bank’s mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them reach fulfilment, achieve financial goals, and unlock their vision of success.
Reassuringly present in major financial centres of the world, Mashreq’s home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers.