QNB and QLM partner to deliver innovative insurance packages

27/03/2025 05:00 AST

QNB announced the signing of a strategic master agreement with QLM, the leading specialised insurance company to provide innovative insurance solutions to SMEs (small and medium enterprises). This marks a significant milestone in QNB's mission to deliver innovative financial solutions to the SMEs community.

As part of this collaboration, SME customers can meet their financial & insurance needs from QNB and QLM, as one stop shop. The offerings include but not limited to Keyman protection as well as Group protection with tailored coverage that meets their unique business needs.

The SME Owner protection cover has been specifically designed to provide 24X7 worldwide insurance protection to key individuals within small and medium enterprises.

Commenting on this partnership, Yousef Mahmoud Al Naema, Group Chief Business Officer at QNB, added: "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."

Commenting on the launch, Fahad Al Suwaidi, Chief Executive Officer, QLM Life & Medical Insurance Company said "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."

The Peninsula