Protection & Saving Programs

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.

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Protection and Saving Programs

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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.

Retirement Program - "Monthly pension"

It is a protection and savings program that is compliant with the provisions of Islamic Sharia. It is designed to help you save and achieve your financial goals for the retirement phase by providing a monthly pension to cover the gap resulting from the decrease in monthly income due to retirement.

Program Benefits:

Monthly income is paid for a period of 10 to 20 years. The program is available for subscribers between the ages of 18 and 60.
The option to invest savings in various investment funds managed by AlAhli Capital.
Flexibility in subscription amounts accordingly with the subscriber's ability.
Availability of the "protection" benefit in case of the subscriber's death (God forbid).

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.