Mbank partners with Policybazaar.ae to offer insurance solutions

Mbank-Policybazaar Partnership
Officials during the signing ceremony.
By Shilpa Annie Joseph, Official Reporter
  • Follow author on

Mbank, a leading digital bank in the UAE, and Policybazaar.ae, the UAE’s premier online insurance aggregator, have entered into a ground-breaking partnership that redefines insurance access for individuals and SMEs in the digital age.

This first-of-its-kind service empowers Mbank customers to seamlessly explore, compare, and purchase car, health, travel, and life insurance products directly from the Mbank mobile application.

This innovative partnership ushers in a new era of digital convenience for insurance in the UAE. Leveraging Policybazaar.ae’s robust online platform, seamlessly integrated into Mbank’s digital ecosystem, this collaboration offers Mbank customers unparalleled benefits such as effortless navigation, competitive rates, informed decisions, and ultimate convenience.

Mr. Mohammed Wassim Khayata_Corporate Banking Platform launched
Mohammed Wassim Khayata
CEO – Mbank

“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.”

Further, customers are now offered the possibility of effortlessly browsing and comparing a wide range of insurance options by simply scrolling through the Mbank mobile application.

According to the statement, Policybazaar.ae’s extensive marketplace aggregates the best insurance deals from leading providers, and this ensures Mbank 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

Neeraj Gupta, CEO of Policybazaar.ae, said that, “This collaboration provides Mbank customers with unparalleled access to a comprehensive range of insurance solutions within their trusted banking environment. 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.”

Related | Mbank signs MoU with DMCC to digitize business account opening

YOU MAY LIKE