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UAE's Mbank offers digital access to insurance solutions
Partnership with Policybazaar.ae allows bank clients to gain optimal coverage at competitive rates
The Asset 11 Jun 2024

Mbank, a digital bank in the United Arab Emirates (UAE), has teamed up with insurance aggregator Policybazaar.ae to provide insurance solutions with digital convenience.

The partnership allows Mbank customers to seamlessly explore, compare, and purchase car, health, travel, and life insurance products directly from the bank’s mobile application. The service offers benefits such as effortless navigation, competitive rates, informed decisions, and ultimate convenience.

Clients can compare a wide range of insurance options by simply scrolling through the Mbank mobile application. Policybazaar.ae's extensive marketplace aggregates the best insurance deals from leading providers, ensuring that the bank’s customers receive optimal coverage at the most competitive rates, maximizing their savings potential.

The user-friendly platform empowers customers with clear comparisons, detailed features, and transparent policy information, making way for informed insurance decisions tailored to customers’ personal needs and budgets.

Mbank chief executive officer Mohammed Wassim Khayata says: "At Mbank, we constantly strive to simplify our customers' lives and be their one-stop solution for all their financial needs. Integrating Policybazaar.ae's leading insurance platform aligns perfectly with this vision. Their cutting-edge technology and market leadership made them the ideal partner. This is the first of many integrations planned for the Mbank UAE app, and we are confident this partnership will deliver exceptional value to our customers."

Neeraj Gupta, CEO of Policybazaar.ae, adds: “Policybazaar.ae is delighted to be Mbank's partner in this journey, and we are confident that together, we will revolutionize the way UAE residents secure their financial future through seamless car and health insurance options".

Mbank, or Al Maryah Community Bank, is the first fully integrated digital bank in the UAE, providing an omnichannel experience for both individual consumers and small businesses.

Policybazaar.ae, launched in 2018, is the first overseas venture of Indian insurer PB Fintech. It is an online financial products marketplace aimed at educating people on the importance of insurance as a protection tool and becoming a platform for consumers’ personal financial needs in the UAE market. 

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