Group Credit Life Coverage

Bancassurance

Comprehensive protection tailored for our valued customers

Group Credit Life Coverage

At ahlibank, we prioritize your financial security and peace of mind. Our Group Credit Life Coverage is designed to offer robust protection for you and your family, ensuring that your financial commitments are safeguarded in the event of unforeseen circumstances. Here’s everything you need to know about our comprehensive coverage:

Why choose ahlibank’s Group Credit Life Coverage?

Comprehensive Protection: Covering death, permanent total disability, and permanent partial disability.
Flexible Age Limits: Catering to a wide range of borrowers, including retirees.
High Benefit Payouts: Generous maximum benefit payouts to ensure adequate coverage.
Competitive Rates: Affordable monthly rates starting from 0.385 per mille starting from 1^st August 2024.

Age Limits

Minimum Age at Entry: 18 completed years of the borrower
Maximum Age at Entry: 64 completed years of the borrower for Death & Disability Benefits
Maximum Cover Age:
- 70 completed years of the borrower for Death benefits
- 65 completed years of the borrower for Disability benefits

For Retired Borrowers

Death: Coverage up to the age of 75 years for an existing loan or rescheduling of an existing loan
Permanent Total Disability Benefit: Coverage up to the age of 70 years

Benefits Covered

Our Group Credit Life Coverage provides extensive benefits, ensuring comprehensive protection against various risks:

Death: Covered
Permanent Total Disability: Covered
Permanent Partial Disability: Covered

Maximum Benefit Payout Under the Policy

Up to RO 375,000 for Loans
Up to RO 25,000 for Credit Cards

Affordable Rates for Peace of Mind

Starting from August 2024, our Group Credit Life Rate will be 0.385 per mille per month on the outstanding balance. This competitive rate ensures that you can protect your financial future without burdening your present.