What do I have to know about “Damanati Plus”?
* Subject to the approval of Arope
- Damanati Plus is an investment program in USD, coupled with a life insurance from Arope Insurance
- The premium insurance policy covers death. The insurance may also cover passive war risk, accidental death, total permanent disability and partial permanent disability
- The investment in this program will guarantee a minimum return set yearly for the upcoming year and rescheduled yearly throughout the program’s lifetime currently 4%. The investment will be set by a common steering committee consisting of BLOM Bank sal and Arope Insurance so as to ensure that you receive the optimum return with minimal risk.
- Damanati Plus offers the ultimate payment flexibility as the deposits may be paid monthly, quarterly, semi-annually or annually
- The policy can be amended once a year before maturity at the subscriber’s discretion (premium, coverage, indexation etc…)
- You must be aged between 18 and 65 years to benefit from this program
- You can withdraw the accumulated cash value any time before maturity
- The program matures when the subscriber is 75 years old
- You can choose to increase the policy premium or the policy coverage by any percentage of your choice
- Additional payments can be deposited and will accumulate the same interest rate*
- The deposits may start from USD 30 per month
Why should I choose “Damanati Plus”?
- Damanati plus insures your life and your savings and ensure that you save for your retirement or other major events.
- Damanati plus offers you a multi-coverage insurance policy from Arope Insurance. In addition you have the option to amend conditions of coverage or payment yearly
- The monthly or yearly deposits can be automatically transferred if you have a personal account at BLOM Bank
- The life insurance covering death may have the face value from USD 10,000 to USD 1,000,000
- Damanati plus also provides you with liquidity with the capacity to borrow on your cash value
What extras do I get from “Damanati Plus”?
- A free un-embossed MasterCard or Visa Electron for the first year
- A free BLOM debit card free for the first year is offered to you at the end of the 3rd year
- A BLOM credit card with a credit limit up to 50 % of the ending cash value*
- A loan up to 50% of the ending cash value*
*Terms & conditions apply.
How do I apply for “Damanati Plus”?
- Pass by any of our branches and get assistance from our Customer Service Officers
- Apply from your e-blom Internet Banking
For more information, head towards the nearest BLOM Bank branch, or contact our 24/7 Call Center on +961-1-753000 anytime, any day.