QNB

SME Group Protection Plan – QNB QLM

Protect your business, secure your future.

PRODUCTS: 
SME Group Life & Keyman
BENEFITS:

BENEFIT

BASIS OF COVER

SME Group: 

Death Any cause

100% of Sum Insured

Terminal Illness 
(Accelerated)

50% of Sum Insured

Permanent & Total Disability
(PTD) – Accident 

Any occupation 6 months

deferment period - 100%

of Sum Insured

Permanent Partial Disability
(PPD) – Accident

As per Continental Scale

Temporary Total Disability 
(TTD) – Accident

100% of weekly basic salary

subject to a maximum of 1% of DAC

sum assured for

max of 52 weeks, nil waiting period

Repatriation Expenses

of mortal remains

Actuals subject to a max of 
QAR 10,000 per person

Medical Expenses 
(Accident)

Actuals subject to a max of 
QAR 15,000 per person per annum

Workmen’s

Compensation (Top Up)

As per the Qatari Labour Law

SME Keyman:

Death Any cause

100% of Sum Insured

Terminal Illness -Accelerated (Optional)

100% of Sum Insured

Permanent & Total Disability (PTD) – Accident (Optional)

10% to 50% of Sum Assured of DAC

Sum Assured:

PLAN

SUM ASSURED

SME Group 

QAR 50,000
QAR 100,000
QAR 150,000
QAR 200,000
QAR 250,000
QAR 300,000
(No Medical Required)

SME Keyman 

Above QAR 300,000 upto QAR 1,000,000
(Medical Questionnaire/ Tele MER

QAR 1,000,000 to 
QAR 3,000,000
(Medicals as per the Medical Grid)

Above QAR 3,000,000 (Refer to QLM for Medical)

Premium:

Options 

Sum Assured

Premium per year per member

Option 1

50000

90

Option 2

100000

180

Option 3

150000

270

Option 4

200000

360

Option 5

250000

450

Option 6

300000

540

Keyman

Depends on individual

keyman UW

Medical Grid:

Sum Assured (QAR) 

Age up to 
45

Age 
46 to 64

1,000,000 and above

PF + MER + Bloods + TMT

PF + MER + Bloods + TMT

+ PSA + MU + LF + UREA test

+ Creatinine test

Eligibility:
1.    Compulsory cover for all employees of the policyholder.  
2.    Minimum group size 5 & Maximum 250.
3.    Cover is subject to all members being actively at work at inception date.
4.    Company is the Master Policy Holder. Any claim proceedings shall be paid to the Master Policy Holder only.
5.    Total Keyman Sum Assured should not exceed the Finance amount.
6.    Keyman policy will be assign to the bank and any claim proceedings shall be paid to the Bank.
7.    Reference to QLM required for the following Industries:

  • Airlines / Aviation related activities

  • Military, Defence, Police and members dealing with Arms and Ammunition

  • Port and dock services/underwater activities

  • Professional Sports Personnel

  • Oil Exploration & Production

  • Off-shore risks, Mining 

  • HMO Schemes

Exclusion:
Irrespective of industry classifications following job roles are excluded from coverage.

  • Window Cleaners, jobs involving scaffolding, Cleaners, Drivers, Delivery boys, staff drivers, company drivers, Construction worker, Welder, Mason Plumber, Electrician. [Exclusion can be waived off, If the admin staff is a part of the company itself and their % should not exceed 5% of the total employee count]. 

  • Offshore Drillers [including Supervisors & Support Staff]

  • HV Electrical Operators

  • Professional Diving related jobs [For organizations like Uber etc will be on special approval basis.]

  • Extreme adventure related jobs [Tandem parachute jumpers/ sea diving/para gliding]

  • Mining related jobs

  • Fireman

How to Apply:

  • Open a QNB bank account

  • Complete the Merchant Agreement with form and provide the following documents:

1.    Valid Commercial Registration copy
2.    Valid ID copy of the authorized signatory
3.    Filled policy application forms •    
For more details, contact the QNB team via email: smefinancing@qnb.com

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