This plan covers one insured person only.  However, you can extend protection for your family by adding optional riders such as Immediate Family Support or Family Income Benefit, which provide extra financial support in case of your death.

The plan is available to Omani nationals and expatriates with valid residency, between 18 and 54 years of age.  The maximum maturity age is 70, making it suitable for working individuals looking to save while protecting their families.

There is no restriction on the number of policies you can take, as long as you meet the medical and financial requirements.  Many people choose multiple plans to cover different financial goals such as retirement, education, or wealth creation.

The plan guarantees 100% of the sum assured at maturity, plus any bonuses declared.  In case of death, future premiums are waived and the maturity benefit remains payable. 

Additional rider Benefits: 

Immediate Family Support:
An immediate payment of the sum assured in the event of the policyholder’s death.

Family Income Benefit:
10% of the sum assured will be paid annually to cover family expenses for a maximum of 10 years from the date of the policyholder’s death.

Guaranteed Installment Benefit GIB on Total & Permanent  Disability due to Accident or Sickness:
In the case of total permanent disability due to an accident or illness, the company will pay all future installment premiums due from the date of disability of the Insured followed by the maturity benefit, payable at the maturity date.

Loans and Financial Flexibility:
Need funds for unexpected expenses? With our Endowment Plan, you can borrow up to 80% of the policy’s surrender value, ensuring liquidity without sacrificing your long-term savings.

The Endowment Plan is underwritten by Dhofar Insurance Company SAOG, a well-established and regulated insurer in Oman with strong financial stability and a trusted reputation.

Your coverage starts from the policy commencement date mentioned in your schedule, once the first premium has been received. From this point, your savings and protection benefits are active.

Coverage begins once 1 st premium is paid.

The policy is issued in Omani Rials (OMR). All premiums and benefits are calculated and paid in this currency.

Enrollment is easy: you complete the application form, provide required documents such as ID or residency card, and pay the first premium with a standing order for payments may be requested, then your application will go to Dhofar Insurance for evaluation, medical requirements may be required depending on the sum assured of the cover. 

You can choose a policy term between 10 and 25 years, depending on your financial goals and needs.

Yes, the policy provides worldwide coverage throughout the selected term, giving you peace of mind even if you travel or live abroad.

Yes, you may choose the sum assured and optional riders according to your budget and goals, subject to underwriting approval.

Premiums can be paid monthly, quarterly, semi-annually, annually, or as a single lump sum. Minimum amounts apply for each frequency.

You have a 60-day grace period to pay without losing coverage. If not paid, the policy may lapse, but it can be reinstated within 24 months. If the policy has gained a surrender value, it may become a paid-up policy.

You can nominate one or more beneficiaries to receive the death benefit.  Beneficiaries can be changed during the policy term, and if none is nominated, benefits go to your legal estate.

The policy excludes cases such as fraud, misrepresentation, non-disclosure of material facts, and active involvement in war or terrorism. Full details are listed in the policy document.

You can cancel the plan within the 30-day free-look period and get a refund of premiums (minus medical costs, if any).  After this period, you can surrender the policy, but surrender values are available only after two years of payments.

In case of a claim, you or your beneficiary should notify Dhofar Insurance as soon as possible and provide the required claim documents within the allowed reporting period.

Claims are settled as quickly as possible once all documents are provided and verified, in line with company and regulatory standards.

The policy can end at maturity, on death of the insured, upon surrender by the policyholder, if premiums remain unpaid without reinstatement, or in cases of fraud or misrepresentation.

No, the investments of the policy are not linked to to the Financial stock markets.

Yes, customer can avail loan on the Endownment plan, mentioned in the policy document.