Doha, Qatar – Qatar Islamic Bank (QIB) has launched the Life Continuity Takaful Plan in partnership with Damaan Islamic Insurance Company (Beema), expanding its range of protection solutions aimed at supporting customers’ long-term financial security.
The Life Continuity Takaful is a term-based takaful plan designed to provide financial protection to a customer’s family in the event of death or permanent total disability. The plan is intended to help beneficiaries maintain their standard of living and meet financial obligations during unforeseen circumstances.
The plan is available to individuals aged between 18 and 64 and offers coverage of up to QAR 1 million. Benefits are structured to provide both immediate and ongoing financial support, including a lump-sum payment issued within 15 days of submitting all required claim documents to Beema, as well as monthly income payments to support families over an extended period.
Customers can subscribe to the Life Continuity Takaful instantly through the QIB Mobile App using a fully digital process. The application journey outlines the plan’s benefits and coverage, allows customers to add beneficiary details, and confirm payment terms, with the policy issued immediately upon completion.
Additional benefits under the plan include medical expense coverage of up to QAR 10,000 for accidental injuries, as well as coverage of up to QAR 10,000 for the repatriation of mortal remains, helping to ease financial burdens during difficult circumstances.
D. Anand, General Manager – Personal Banking Group at QIB, said the bank remains committed to supporting customers at every stage of life by providing access to protection solutions that offer financial stability and peace of mind for individuals and families across Qatar.
The Life Continuity Takaful Plan is issued and fully underwritten by Damaan Islamic Insurance Company (Beema) and is distributed exclusively by QIB through its mobile banking platform.