NBAD Savings Plan is a regular, monthly savings plan designed with long-term savings objectives in mind whilst providing the customer with a choice of insurance protection options.

Key Features

• Payment currency: US Dollar
• Minimum monthly contribution: US $150
• Contribution frequency: Monthly
• Payment method : Monthly standing order from an NBAD current account
• Plan Term: Minimum 5 years, maximum 25 years or to the age of 75 if earlier
• Lump sum additional payments : permitted at any time, minimum US$4,000
• Withdrawals : Any withdrawal must be at least US$ 500
• Contribution increase: Can be at any time, minimum increase US$ 100
• Contribution decrease: Can be at any time after completion of the initial Allocation period (the first 15 months of the plan commencement)

Insurance Options

Our range of insurance options includes Life Cover, premium protection cover and terminal illness.

Optional Life Cover : this feature provides a lump sum to your named beneficiaries in the event of your death during the term of the savings plan. You can select any amount to suit your needs from US$25,000 and up. You may also increase, decrease or terminate your life cover at any time.

Premium Protection Cover :with this option your monthly premiums are paid for you in the event that you become disabled resulting in your inability to work and earn your normal income.

Terminal Illness : this is provided to you at no cost if you choose optional life cover. This feature provides for payment of optional life cover up to 12 months in advance of death should you be diagnosed with a terminal illness.

Managed Fund Choices

We offer a choice of three managed National Bank of Abu Dhabi funds each designed with its own investment strategy to suit the preferences of a range of investors. Whether your preference is for a high level of capital security, for capital growth or for a balance between these, we have the solution. We also provide the flexibility for you to switch between funds should your preferences change over time.

• Its open for both, Locals and Expatriates
• Residents and non-residents
• Existing NBAD Clients and Non-NBAD clients.
• Minimum age of the plan holder: 21 years at start of the plan
• Maximum Age of plan holder : 70 Years at the start of the plan
  

• Evidence of applicant’s identity :
  * Current valid passport or,
  * National Identification card or,
  * UAE driving license
• Proof of Applicant’s residential address is preferable but not required
  

• All plans are issued and underwritten by Friends Provident International Limited (FPIL), Isle of Man. United Kingdome
• FPIL´s underwriting decisions are final and non-negotiable. NBAD authorized sales agents may not under any circumstances provide the customer with any indications or personal assessment of the possible out come, since the outcome rests entirely with FPIL