Credit Life

Rest assured you’ll be insured.

With our unique Credit Life Insurance Benefit plan, any outstanding financial obligation you may have with us will be written off in the unfortunate event of loss of life.

Eligibility

  • Salary account with QNB
  • Existing facility, loan or credit card with QNB
  • Applicant must be 18 to 65 years old

Benefits and Features

The maximum amount (Cap) of life insurance coverage for each customer having a credit facility included in the coverage is as follows:

  • Coverage up to QR1.5m for personal loan, time loans, overdrafts and credit cards
  • Coverage up to QR3m combined for mortgage loans per borrower
  • No application required

This product is marketed and distributed by QNB (Bancassurance) on behalf of QLM Life& Medical Insurance company

Frequently Asked Questions

How to Apply?

You can apply via an email with your personal details (nationality, employer, phone number, email), visit any of our branches, or contact our Customer Care Center on 4440 7777.


Is this a mandatory product for mortgage loans?

Life insurance is mandatory for all customers aged between 18 and 70 (excluding company accounts) with an outstanding mortgage loan, personal loan, overdraft, or credit card.

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