MUSCAT : BankDhofar is proud to announce the launch of Dhofar Insurance Company’s Endowment Plan, a unique savings and protection product designed to meet the evolving financial needs of individuals and families across the Sultanate of Oman.
Provided through BankDhofar’s robust bancassurance partnership, the new Endowment Plan combines the security of life insurance with a disciplined savings strategy, offering customers a powerful tool to secure their financial future while building long-term wealth.
It is a dual-purpose financial solution that guarantees a payout at maturity alongside a varied bonus structure. It safeguards families against the financial impact of death or disability while helping policyholders accumulate savings for important life goals such as education, retirement, or other milestones.
Commenting on the Endowment Plan, Ashraf Khalid Al Battashi, Head – Products, Segmentation, Cards & Bancassurance At BankDhofar said, “we understand the importance of securing a stable financial future for families across Oman. The launch of Dhofar Insurance’s Endowment Plan marks a significant milestone in offering our customers a comprehensive solution that combines protection with disciplined savings”.
The product combines long-term financial growth with stability and protection through a package of flexible and distinguished features. These include a guaranteed return at maturity, where the customer receives 100% of the insured amount at the end of the policy term — making it an ideal tool for organized, goal-based saving.
Additionally, the plan offers premium waiver in case of death: if the insured person passes away, the family is exempted from paying the remaining premiums, and they receive the full maturity benefit — ensuring income continuity without additional financial burden.
The product also provides multiple premium payment options (monthly, quarterly, semi-annual, annual, or one-time payment), starting from just OMR 50 per month, along with instant liquidity through the ability to obtain a secured loan of up to 80% of the surrender value to meet emergency needs.
Other benefits include enhanced protection through optional add-ons such as immediate family support, monthly family income, guaranteed premiums in case of disability, as well as annual and final bonuses — with cumulative annual bonuses and final maturity bonuses calculated based on the performance of the investment fund.
“As the saying goes, ‘In times of abundance, plan for tomorrow. The wise build a future today, securing peace of mind and prosperity for years to come.’ This plan is a testament to our commitment to offering innovative solutions that protect our customers’ wealth and their loved ones.”
In a society that deeply values family and long-term financial planning, the Endowment Plan aligns perfectly with customers’ aspirations by providing financial protection and wealth creation opportunities.
