Retirement Insurance

Packages

Are you planning for your retirement years? Are you planning to give your children the chance to build their career and families? Are you thinking of buying your own house to become the place of joy and happiness for your family and loved ones? Are your financial resources available to satisfy your ambitions and future hopes?

Then it's time for you to discover what we can offer through the Liberty program.

Our Liberty retirement savings programs are tailor-made contracts that suit your own choice to provide peace of mind whilst saving for retirement and protection for your family.

Liberty

Benefits of the Plan

•Protection & savings

•Comfortable retirement at your chosen age

•3.5% minimum guaranteed return on your investment in JD

•Cash Value after the settlement of two annual premiums

•Protection against inflation

•Convenient payment facilities

•Loans facilities from your investment 

•Guaranteed peace of mind
 

Covers of the Plan

•Natural or accidental death coverage

•Total permanent disability coverage due to sickness or accidents (Optional)

•Death, total permanent disability, partial permanent disability coverage due to an accident (Optional)

•Death, total permanent disability coverage due to passive war (Optional)
 

Liberty Elite

Benefits of the Plan

•Protection & savings

•Comfortable retirement at your chosen age

•3.5% minimum guaranteed return on your investment in JD 

•Cash Value after the settlement of one annual premium

•Protection against inflation

•Convenient payment facilities

•Loans facilities from your investment 

•Guaranteed peace of mind

Covers of the Plan

•Natural or accidental death coverage

•Total permanent disability coverage due to sickness or accidents (Optional)

•Death, total permanent disability, partial permanent disability coverage due to an accident (Optional)

•Death, total permanent disability coverage due to passive war (Optional)

Jana Al Omor

This plan can be purchased only through the Arab Bank branches.

Benefits of the Plan

•    Moderate monthly premiums automatically debited from the bank account with no additional banking charges

•    Possibility to choose the premiums payment: monthly, quarterly, half yearly or annually 

•    Possibility to protect the assured amount and the investment amount from inflation through an annual variation rate of 1% to 10%

•    Possibility to choose the passive war risk coverage

•    A minimum guaranteed annual rate of return on investment of 3.5% on JOD 

•    Take advantage of the extra return on the investment amount of money according to the annual dividends declared

•    Payment of a lump sum of money in the unfortunate case of death to the family to compensate the income lost

•    All interest rates declared are free of any tax and the investment amount to be received at maturity or the insurance amount to be paid in the case of death are also tax free


 

Covers of the Plan

•    Sum assured paid to your family in the event of accidental death or sickness to your beneficiaries

•    Sum assured paid in the event of total permanent disability due to sickness or accident to your beneficiaries (Optional)

FAQs

  • Can I make an amendment on the policy?
    Yes, you can do so by filling the amendment request form and sending it by e-mail to customerservice@al-nisr.com at least two months before the policy anniversary so we can study it, and if the amendment was approved, it will take effect on the policy anniversary date provided that the fees are paid.
  • What are the amendments that I can make on the policy?
    You can make many amendments such as amending the annual premium, the sum insured, the frequency of payment, or the policy beneficiaries.
  • How can I receive the surrender value when the policy expires?
    You can choose to receive the surrender value as a lump sum payment or as a fixed-term retirement annuities.
  • How can I benefit from the available amount in the investment portfolio?
    You can request a loan from the available amount in the investment portfolio in case you need it by sending us the loan request by e-mail to customerservice@al-nisr.com.
  • How can I pay the premium of my retirement plan – Jana Al Omor?
    Premiums due under this policy are payable by direct debit from the bank account only.
  • What happens to the policy if I didn’t settle the premiums?
    The premiums will be settled automatically from the available amount in the investment portfolio, if any, and in case the amounts in the investment portfolio are not enough to settle the premiums, the policy will be cancelled automatically by the company after the grace period, and you will be notified of this cancellation in writing by sending an official letter to your mail address.
  • Are the sum insured/ the investment amounts subject to income tax?
    According to the current laws, neither the sum insured nor the investment amounts are subject to income tax.
  • Will my contract be valid outside Jordan?
    The contract is valid all over the world taking into consideration any special requirement or exclusion applied on it.
  • Can I request a copy of my contract in case it was lost?
    In the event of loss of the contract, you have to notify us by e-mail to customerservice@al-nisr.com and fill the contract copy request form, and we will provide you with a copy of the original contract within maximum 3 working days provided that the fees are paid.

Let’s help you decide what’s the best plan for you

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