Personal Banking Protection & Saving Programs

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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 Fees	592.50 SAR (taken in the first year divided into 12 months, 49.37 SAR each month)
Acquisition Fees	2% of total subscriptions (maximum 15 years)
Protection Fees	Fees are calculated according to the subscriber's age, benefit and Underwriting provisions
Admin Fees	35 SAR or 0.075% of the investment value, (upon higher amount)
SAMA Fees	0.5% 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 Amount	Maturity Years	Annual Rate	No. of Withdrawals Permitted in 1^st Year	No. of Withdrawals Permitted in 2^nd Year
500	8	5.9%	No limit Only Condition keeping 1000 in the balance	No limit Only Condition keeping 1000 in the balance

Retirement Program

Min. Deposit Amount	Maturity Years	Annual Rate	No. of Withdrawals Permitted in 1^st Year	No. of Withdrawals Permitted in 2^nd Year
500	8	6.0%	No limit Only Condition keeping 1000 in the balance	No limit Only Condition keeping 1000 in the balance

Education Program

Min. Deposit Amount	Maturity Years	Annual Rate	No. of Withdrawals Permitted in 1^st Year	No. of Withdrawals Permitted in 2^nd Year
500	8	5.2%	No limit Only Condition keeping 1000 in the balance	No limit Only Condition keeping 1000 in the balance

Marriage Program

Min. Deposit Amount	Maturity Years	Annual Rate	No. of Withdrawals Permitted in 1^st Year	No. of Withdrawals Permitted in 2^nd Year
500	8	5.4%	No limit Only Condition keeping 1000 in the balance	No limit Only Condition keeping 1000 in the balance

Ladies Program

Min. Deposit Amount	Maturity Years	Annual Rate	No. of Withdrawals Permitted in 1^st Year	No. of Withdrawals Permitted in 2^nd Year
500	8	6.8%	No limit Only Condition keeping 1000 in the balance	No 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)

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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 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

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.