Gulf Bank signed a distribution agreement with American Life Insurance Company (Alico), one of the region’s leading insurance companies.
The distribution agreement will allow Gulf Bank to offer its customers the most innovative insurance plans currently available in Kuwait. Gulf Bank will be offering three types of insurance plans namely: Income Builder Plan, Super Life and Super Saver.
The Income Builder Plan (IBP) provides regular income starting from end of payment period. This plan provides a great education for your children, a pension until the age of 99 years; eliminates uncertain returns and covers unfortunate events. IBP allows you to plan your own package, target savings, income, cash value, an excess return bonus, and death benefits.
The second insurance plan is Super Life, which is designed on a win-win basis, protecting your family in times of need, complementing your investment objectives, while having a segment for financial based solution needs. Payment modes are on a monthly, quarterly, semi-annual and annual basis with a flexible premium up to age 95 for 10 years and above.
The third insurance plan is Super Saver. This is a unit linked investment savings plan allowing you to build for the future and to create, accumulate and protect your wealth. The Super Saver plan is the ideal solution if you are considering starting to plan for your children’s education, have mortgage down payments, wedding or retirement plans, or just wish to have a general savings plan to help you achieve your future goals.
For further info visit any of Gulf Bank branches or simply call 1 805 805.