Personal Banking

Jana El Omr

We all dream of comfort and well-fare for our future. But nowadays, it is becoming difficult to keep up with the constantly increasing cost of living. Did you think of ways to maintain a good standard of living in your golden years?

Arab Bank in cooperation with Al Nisr Al Arabi Insurance Company offers you, a Retirement plan which provides you peace of mind whilst saving for your retirement whereby you deposit regular monthly payments, depending on your monthly income, into your Jana El Omr Plan. These monthly payments accumulate over the years added to them the dividends declared to formulate a bulk amount of money which will help finance your golden years and protect your family.

Coverage of this Program:

  • Sum assured paid to your family in the event of accidental death or sickness to your beneficiaries
  • Optional: Sum assured paid in the event of total permanent disability due to sickness or accident to your beneficiaries 
Advantages & Benefits of this Program:
  • Moderate monthly premiums, automatically debited from the bank account with no additional banking charges
  • Possibility to choose the Currency of the Plan: JOD or USD
  • Possibility to choose the premiums payment: monthly, quarterly, half yearly or annually 
  • Possibility to protect the assured amount and the investment amount from inflation through an annual variation rate of 1% to 10%
  • Possibility to choose the passive war risk coverage
  • Minimum guaranteed annual rate of return on investment of 4% on JOD or 2% on USD 
  • Take advantage from the extra return on the investment amount of money according to the dividends declared annually by Al Nisr Al Arabi insurance company
  • Payment of a Lump Sum of Money in the unfortunate case of Death to the Family to compensate the income lost
  • All Interest rates declared are free of any tax and the investment amount to be received at maturity or the insurance amount to be paid in the case of death are also tax free

Illustrative Table:
Figures are based on a monthly premium of JOD 50 with an annual variation rate of 3%.

Age
Total Paid Premiums (JOD)
* Sum Assured (JOD)
** Retirement Amount at age 65
4% minimum guaranteed annual return on investment on JOD
6% annual return on investment on JOD

25

51,360

30,000

89,220

134,112

30

40,620

25,000

64,721

92,227

35

31,500

20,000

45,730

61,794

40

23,760

15,000

31,265

40,022

45

17,220

10,000

20,615

25,021

50

11,700

5,000

12,974

14,945

* Paid as lump sum in case of death, or in 5 annuities in case of disability.
** Paid as lump sum or in 10 annuities starting from the age of 65, which increases its total value.

Conditions of this Program:

  • The insured should be an account holder at Arab Bank. 
  • The age of the insured should be between 18 and 55 years. 
  • The minimum monthly premium is JOD 15 or USD 20.

The plan offers you three ready made options (starting from JOD 15 or 25 or 40 per month) especially designed to suit your monthly income. More

How to Apply
  • Through our Online Application Form
  • Call our Contact Center on 4600900
  • Visit any of our branches (visit our Branch Locator page here)

For more information, please call our Customer Contact Center on 4600900, or call our toll free number 0800 22222 if calling from any city outside Amman (within Jordan). Or visit any of our branches.

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