<div style="display:inline;"&gt; &lt;img height="1" width="1" style="border-style:none;" alt="" src="//googleads.g.doubleclick.net/pagead/viewthroughconversion/992001261/?value=0&amp;amp;guid=ON&amp;amp;script=0"/> </div> Waladi Plus | BLOM Bank Retail
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  • Waladi Plus

Waladi Plus

”Waladi” is a USD saving program coupled with a life insurance that guarantees education continuity in case of death or total permanent disability...
DO YOU HAVE CHILDREN?
DO YOU HAVE BIG DREAMS FOR THEIR FUTURE?
DO YOU CONSIDER PLANNING THEIR SCHOOLING AND UNIVERSITY TUITION?
“WALADI PLUS” IS THE ANSWER TO ALL YOUR CONCERNS

What do you have to know about Waladi Plus?

  • Waladi Plus is an investment program in USD, coupled with a life insurance from Arope that guarantees continuity of the program in case of death
  • The premium insurance policy from Arope covers death. The insurance may also cover Passive War Risk, Personal Accident insurance and Schooling upon your discretion.
  • The investment in this program will guarantee a minimum return set for 1 year currently 4% and rescheduled yearly throughout the program's lifetime. 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.
  • Waladi Plus offers the ultimate payment flexibility as the deposits may be paid monthly, quarterly, semi-annually or annually and you can choose to automatically transfer the money if you have a personal account in BLOM Bank
  • The child can be aged between 1 day and 17 years old.
  • The subscriber to the program must be between 18 and 60 years old
  • The program will mature no sooner than 5 years and no later than 21 years
  • The policy can be amended once a year before maturity at the subscriber’s discretion. In addition; You can chose 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* (2% commission)
  • You can deposit a minimum payment of USD 25 per month

* subject to the approval of the Arope

 

Why should you choose Waladi Plus?

  • Waladi plus insures your life and your savings. The program continues in case of death or total permanent disability until maturity
  • Waladi plus ensures that you save for your child’s education or his/her future needs
  • You can amend the conditions of coverage or payment yearly
  • At maturity the money will be collected as a lump sum
  • Waladi plus also provides you with liquidity with the capacity to borrow on your cash value

What does the schooling option in Waladi Plus cover?

  • The schooling insurance option cover’s your child’s educational expenses in case of the account holder’s death or total permanent disability up to the covered amount
  • You can a schooling option for an additional payment starting at USD 1 per month
  • The Schooling coverage ranges from USD 500 to USD 6000 per year

What extras do you get with “Waladi 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 the beneficiary at maturity
  • A BLOM credit card with a credit limit up to 50% of the ending cash value
  • Loan up to 50% of the ending cash value

How do you apply for “Waladi Plus”?

  • Pass by any of our branches and get assistance from our customer service officers.
  • Contact our 24-hour Call Canter at: 01-753000


For more information, head towards the nearest BLOM Bank branch, or contact our 24/7 Call Center on +961-1-753000 anytime, any day.

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