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Bahrain National Life Insurance: Extends life insurance policies for individuals without additional fees

In accordance with the royal directives of His Majesty King Hamad bin Isa Al Khalifa, the beloved King of the country, to unify national efforts to address the repercussions of the global spread of the Coronavirus at the local level, and in accordance with the Bank's directives Central of Bahrain issued on March 19, 2020 on delaying dues for a period of 6 months without commissions, without commissions. With interest on interest and no increase in earnings / interest rate, Bahrain National Life Insurance (bnl) has taken steps to ease financial pressures on our individual clients.

As part of bnl's efforts to support its individual clients at these critical times, the company will bear all additional insurance costs resulting from deferred mortgage payments for individual holders of existing insurance policies who have chosen to take advantage of this benefit. .

BNL General Manager Inas Asiri commented: “Through this initiative, we would like to thank the Rational Government and the Central Bank of Bahrain for their exceptional and continuous efforts to address this global crisis, and we would like to extend our support. to our loyal customers who have chosen bnl insurance. We know that we are in an exceptional position to help our clients during this unprecedented crisis, and that is why we are taking this action to help reduce the financial burden on our clients. " He added: "Life insurance policies in force for individuals related to home loan protection will be extended without additional fees, and the policy term will be modified to fit the modified period, and we will reschedule the policy's gradually decreasing amounts. to match the gradually declining amounts after the deferral. "