Life Insurance Corporation (International) (LIC), has tied up with First Gulf Bank (FGB), in a new partnership designed to enhance existing insurance and retirement plan offerings to customers in the UAE. Capitalising on both entities' experience in offering comprehensive insurance schemes, this Bancassurance partnership will see the creation of a new and wide range of innovative products tailored to meet the needs of different customer segments. LIC will offer FGB customers the opportunity to invest in international capital and debt markets through its existing product range.

Over the next few weeks, FGB will market a series of products starting with traditional plans (Cash Back Plan, Jeevan Anand, Professional Education Plan and Jeevan Aastha 3) and investment-plus-protection plans (Fortune Builder and Gold Plus) amongst others.