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 Alahli Protection and Savings Program 

 
 

Alahli Protection and Savings Program

AlAhli Protection and Savings Program is based on the principle of cooperative insurance, which was adopted by the Shariah Committee. A collaborative program depends on the participation of members to take responsibility and cooperate to give attention to each other's needs and to cover any financial implications that may result from emergency events such as death (God forbid).

This system is managed on the basis of the attorney and works through the participants donating a fraction of their contributions to the protection contributions fund, which takes care to cover the financial consequences resulting from the death of a participant, and in the event of a surplus in the fund by the value of his contributions paid.

Shariah compliant

  • Flexibility and affordability: Any NCB customer participating in the program eligible to subscribe with contribution as low as SR280 monthly, SR840 quarterly, SR1,680 semi-annually or SR3,360 yearly for a minimum duration of 7 years
  • Maturity benefits: by investing the regular contribution in various investment strategies for a long term savings that would allow you to reach your objectives
  • Death benefits: In case of death before the end of the program (God forbid), it provides an instant comprehensive cover for all paid and future contributions so as to maintain participant’s initial goal
  • Possibility of assigning up to 8 beneficiaries and change or delete the beneficiary at any time upon customer request.

*Terms and conditions apply.

Getting the Insurance

To apply for Takaful Insurance, you will need: 

  • To be 18 or over
  • NEED ELEGIBILITY DETAILS FROM NCB

Download the Terms & Conditions >

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