[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder
0
+
sales/service touch points in the region
0
+
Dedicated Staffs
0
+
Happy Corporate Clients
OMR
0
Million
GWP in 2021

INDIVIDUAL CREDIT LIFE (ICL)

Housing, Personal, Vehicle and other type of loans are taken from banks and financial institutions to enhance the living standards and to ensure your family gets a comfortable lifestyle. Financial Protection to the family is the key objective of Individual Credit Life Insurance.

Individual Credit Life Insurance ensures that the family is safe guarded against any loan liability. The Insurance cover helps compensate the member who has taken the loan in case of disability or loss of earning due to an unfortunate event.

National Life and General Insurance Co. ensures that the Individual Credit Life Insurance helps you during such difficult times and offers the required cover, in line with the bank or finance company’s requirements.

GET A FREE ICL INSURANCE QUOTE
[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder
Individual Credit Life (ICL)

LOANS COVERED UNDER INDIVIDUAL CREDIT LIFE

  1. Personal Loans
  2. Housing Loans
  3. Overdraft
  4. Vehicle Loans
  5. Business Loan
  6. Any other Loans not mentioned above

 

SUM ASSURED

  • Up to Maximum Loan amount RO 250,000/- per Insured person (Loan above RO 250,000/- can be considered on a case-to-case basis)

HOW TO BUY?

CALL EMAIL CONTACT YOUR NEAREST BRANCH

+968 24730939

onlinesales.oman@nlicgulf.com

Contact Us Now

MAXIMUM PERIOD OF LOAN

Up to 360 months Including waiver of repayments.

BENEFITS

Benefits Payable to the Grantee(Banks / financial institutions) :

  • Death
  • Permanent Total Disability (Accident & Sickness)
  • Permanent Partial Disability
  • Passive War Risk (Death & PTD)

Benefits Payable to the Legal Heirs:

  • Burial Expenses

ELIGIBILITY

  • Residents of Oman can avail this policy.
Minimum age at entry 18 Years
Maximum age at entry 69 years
Maximum maturity age 70 yrs* ##

Disclaimer: The above information is just indicative in nature and for more details on the coverage, terms and exclusions please read insurance policy.

Refer to the Individual Credit Life Insurance Plan – Terms and Conditions for further details

## cessation of cover at age 70th birthday for death benefits and 65th Birthday for disability benefits.

 

WHY NATIONAL LIFE & GENERAL INSURANCE CO. SAOG

  • Highly competitive premium rates
  • Comprehensive Loan protection gives complete peace of mind to customer
  • Hassle-free policy administration
  • Portability of insurance
  • Refund of premium on loan pre-closure

Related Articles

Individual Credit Life (ICL)

3 Ways to Thank Your Domestic Helper in 2022

Over 60 million domestic workers are employed at homes worldwide. They take care of our homes in multiple ways. Women generally take on the responsibilities of cleaning, doing the dishes,…

Individual Credit Life (ICL)

3 Mistakes to Avoid While Planning Your Insurance

An insurance plan is beneficial to protect you and your family on rainy days. Based on your requirement, they can cover debts and EMIs, medical emergencies, home contents damage, travel…

Individual Credit Life (ICL)

How to Protect and Safeguard the Life of Your Domestic Helpers

Domestic helpers are the backbone of households. They ease the burden of chores and help us focus on our personal and professional goals. It is necessary on our part to…