Qatar National Bank (QNB) has signed a strategic master agreement with QLM, the leading life and medical insurer in the region, to deliver innovative insurance solutions to SMEs (small and medium enterprises).
The partnership marks a key milestone in QNB’s mission to provide cutting-edge financial solutions to the SMEs community. Under this move, SME customers can meet their financial & insurance needs from QNB and QLM, as one stop shop. The offerings include ‘Keyman’ protection as well as Group protection with tailored coverage that cater to their unique business needs.
The SME Owner protection cover is specifically crafted to provide 24X7 worldwide insurance protection to key individuals within small and medium enterprises. This plan ensures business continuity by protecting against unexpected circumstances that could affect the operations of SMEs.
The SME Group Protection Plan addresses the needs of both employers and employees, providing comprehensive coverage that enhances employee welfare and supports business stability. This is perfect for SMEs looking to provide added value to their workforce while securing their business’s future.
QNB is also introducing its medical center financing campaign to support healthcare providers, solidifying its commitment to empowering businesses by enhancing financial flexibility and driving sustainable growth.
Mr. Yousef Mahmoud Al-Neama Group CBO – QNB
“Our partnership with QLM underscores our commitment to offer innovative solutions to SME market. These high-quality insurance packages will ensure business continuity by safeguarding themselves against unforeseen circumstances that could affect the leadership and operations of SMEs. In addition, our medical center financing campaign reflects QNB’s commitment to supporting the healthcare sector. By offering discounted interest rates, we aim to ease financial pressures on medical centers and hospitals, allowing them to focus on providing quality care to their communities”
Fahad Al Suwaidi, Chief Executive Officer of QLM Life & Medical Insurance Company, added that, “QLM, the leading specialty insurer is delighted to announce another innovative initiative to mitigate the risks of SME Business Owners as well as Employees of SME by providing a financial safety and sustainability. QLM believes that Partnerships rooted in Trust will advance by aligning their products with financial inclusion necessities of the community. A bouquet of customized insurance solutions made to meet the financial needs at different stages of life cycle of SMEs will be made available to the customers of our trusted partner QNB. This service is part of a strategic effort to meet the growing demand for protection insurance solutions in the banking sector, making it easier and more convenient to customers to protect themselves and their businesses.”
