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We at the Saudi National Bank continuously strive to provide our clients with insurance offerings that are Shariah compliant and customizable. The offering is to be uniquely defined by each client based on their financial needs, which aim to provide them with financial security as per the selected program design.​

PROTECTION & SAVING PROGRAMs

Retirement Program

The protection and saving retirement program is designed to support clients in planning their retirement financial goals.​



Program Benefits:

    • ​Protection Policy: in the event of the passing away of the policyholder (God forbid), the full protection benefit to the beneficiaries of the policyholder which is to financially secure them as planned by the policyholder on application to the program.

    • ​​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment or in installments as selected by the policyholder when creating the contract.

Education Program

The protection and saving retirement program is designed to support clients in planning for their financial goals for their children's education.



​Program Benefits:

    • ​Protection Policy: in the event of the passing away of the policyholder (God forbid), the full protection benefit to the beneficiaries of the policyholder which is to cover their educational expense needs at the time they come of age to require higher education as planned by the policyholder on application to the program.

    • ​​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment as selected by the policyholder when creating the contract.

      ​ 

Marriage Program

The protection and saving marriage program is designed to enable the client plan for the expenses related to marriage of their dependents.​​



Program Benefits:

    • ​Protection Policy: in the event of the passing away of the policyholder (God forbid). The full protection benefit to the beneficiaries of the policyholder which is to secure them financially as planned by the policyholder on application to the program.

    • ​​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment or in installments as selected by the policyholder when creating the contract. 

Ladies Program

The protection and saving ladies program is designed to assist a client in the event of medical expenses related to specific cancer diagnosis. The policy has a 90 day waiting period from signing where any diagnosis within the period shall not be cover.


​Program Benefits:

    • ​Protection Policy: in the event that she suffers, (God forbid) with one of the cancer diseases specified in this program, the policyholder gets a maximum amount of SAR 200,000.

    •  ​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment.

    • ​​ Subscriptions are flexible and may be paid as monthly, quarterly, semi-annually or annually.


Subscription 

  • Program Fees

Fees​
Register Fees592.50 SAR (taken in the first year divided into 12 months, 49.37 SAR each month)
Acquisition Fees2% of total subscriptions (maximum 15 years)
Protection FeesFees are calculated according to the subscriber's  age, benefit  and Underwriting provisions
Admin Fees35 SAR or 0.075% of the investment value, (upon higher amount)
SAMA Fees0.5% of the total subscription

Admin Fees for investment

(Depend on the client's choice of investment fund)​

1.00% AlAhli Multi-Asset Conservative Fund

1.25% AlAhli Multi-Asset Balanced Fund

1.50% AlAhli Multi-Asset Growth Fund

Fees for change the investment fund

(Start detected with second change of the investment fund)

0.03% AlAhli Multi-Asset Conservative Fund

0.05% AlAhli Multi-Asset Balanced Fund

0.09% AlAhli Multi-Asset Growth Fund

 

  • Subscription Fees 


Subscription Amount
Minim No Of Years
900 SAR
8 Years
​750 SAR
9 Years
​650 SAR
10 Years
​550 SAR
11 Years
​500 SAR
12 Years​

 

  • ​Clearance fees (from the investment value) Cancellation:

      • ​​18% for the first year + 275 SAR
      • ​​15% for the second year + 275 SAR
      • ​​​12% for the third year + 275 SAR Fourth year and beyond 275 SAR (fixed)


    Disclosure of APR on savings products

    • ​Protection and saving programs in general

    Min. Deposit AmountMaturity YearsAnnual RateNo. of Withdrawals Permitted in 1st YearNo. of Withdrawals Permitted in 2nd Year
    50085.9%No limit Only  Condition keeping 1000 in the balanceNo limit Only  Condition keeping 1000 in the balance

     

    • Retirement Program
    Min. Deposit AmountMaturity YearsAnnual RateNo. of Withdrawals Permitted in 1st YearNo. of Withdrawals Permitted in 2nd Year
    50086.0%No limit Only  Condition keeping 1000 in the balanceNo limit Only  Condition keeping 1000 in the balance

     

    • Education Program
    Min. Deposit AmountMaturity YearsAnnual RateNo. of Withdrawals Permitted in 1st YearNo. of Withdrawals Permitted in 2nd Year
    50085.2%No limit Only  Condition keeping 1000 in the balanceNo limit Only  Condition keeping 1000 in the balance

               

    • Marriage Program
    Min. Deposit AmountMaturity YearsAnnual RateNo. of Withdrawals Permitted in 1st YearNo. of Withdrawals Permitted in 2nd Year
    50085.4%No limit Only  Condition keeping 1000 in the balanceNo limit Only  Condition keeping 1000 in the balance

     

    • Ladies Program
    Min. Deposit AmountMaturity YearsAnnual RateNo. of Withdrawals Permitted in 1st YearNo. of Withdrawals Permitted in 2nd Year
    50086.8%No limit Only  Condition keeping 1000 in the balanceNo limit Only  Condition keeping 1000 in the balance​

    ​CONTACT US

    For more information, we are happy to welcome you at any of the Saudi National Bank branches.

    In addition, you may contact us through:

    Contact Center: 920000891

    Email: Bancassurance@alahli.com




    Protection and Saving Programs

    After filling the form below, an SNB Service Representative will contact you within 24 hours (during working days)

    PROTECTION AND SAVING PROGRAMS


    • Retirement Program 
    • Education Program
    • Marriage Program
    • Ladies Program​


    ​Protection & Saving Program

    • Retirement Program





    The protection and saving retirement program is designed to support clients in planning their retirement financial goals.​

    • Program Benefits
        • ​Protection Policy: in the event of the passing away of the policyholder (God forbid), the full protection benefit to the beneficiaries of the policyholder which is to financially secure them as planned by the policyholder on application to the program.

        • ​​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment or in installments as selected by the policyholder when creating the contract.

    • Education Program





    The protection and saving retirement p
    rogram is designed to support clients in planning for their financial goals for their children's education.

    • ​Program Benefits
        • ​Protection Policy: in the event of the passing away of the policyholder (God forbid), the full protection benefit to the beneficiaries of the policyholder which is to cover their educational expense needs at the time they come of age to require higher education as planned by the policyholder on application to the program.

        • ​​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment as selected by the policyholder when creating the contract.

          ​ 
    • Marriage Program





    The protection and saving marriage program is designed to enable the client plan for the expenses related to marriage of their dependents.​​

    • Program Benefits
        • ​Protection Policy: in the event of the passing away of the policyholder (God forbid). The full protection benefit to the beneficiaries of the policyholder which is to secure them financially as planned by the policyholder on application to the program.

        • ​​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment or in installments as selected by the policyholder when creating the contract. 

    • Ladies Program




    The protection and saving ladies program is designed to assist a client in the event of medical expenses related to specific cancer diagnosis. The policy has a 90 day waiting period from signing where any diagnosis within the period shall not be cover.
    • Program Benefits
        • ​Protection Policy: in the event that she suffers, (God forbid) with one of the cancer diseases specified in this program, the policyholder gets a maximum amount of SAR 200,000.

        •  ​Saving Policy: a matured contract shall have the invested values payable to the policyholder as a single payment.

        • ​​ Subscriptions are flexible and may be paid as monthly, quarterly, semi-annually or annually.