Loan insurance
Do you have an installment loan from NBK or intend to take one?
Have you ever thought of what might happen if you were to pass away unexpectedly?
Enjoy the peace of mind your NBK loan insurance gives you, without worrying about unnecessary financial burden and paying off the balance of your loan in the unfortunate event of your death.
The Product
NBK’s loan insurance plan insures your loan so that in the event of death the loan outstanding is settled by the insurance company. You are required to pay a very minimal monthly premium depending upon your loan amount.
Product features
- In case of death, your loan outstanding will be settled.
- Your contribution is only 50% of the insurance premium. This amounts to 900 fils
per month for a 10,000 KD loan, equivalent to 0.009% of your outstanding balance
per month.
- NBK will bear the remaining half of your insurance cost.
- Premium decreases as loan outstanding decreases
How to apply?
For new customers, please ask any of our branch or direct sales staff at the time of application.
For existing customers, fill in the insurance consent form and submit it to any branch or direct sales staff.
Click here for the insurance consent form.
For more details, please call Hala Watani on 1801801.
*Terms & Conditions Apply