Wedding Savings Plan
Wedding time is a time to rejoice. It is filled with moments
of festivity and togetherness. The entire large family comes
together and everybody shares your happiness. But in order to
cherish true happiness there must be no financial worries.
After all there are the costs of Mahar, Wedding Cards, Clothes
(for Bride, Groom and Family), Jewelry, Decoration, hotel
charges, Hijla, Catering, Transport and Accommodation for
outstation relatives, Religious functions, honeymoon expenses
(Singapore, Malaysia, Iran, Dubai and Cairo) etc., that have to
be taken into consideration.
Being the day or your dreams, it would be intelligent to
plan in advance, lest you suffer or make a compromise on the
day of your dreams for want of funds. You need to ask
- When do I want to get married?
- What is it going to cost me considering all the aspects
that I need to make it truly memorable?
- Will I have to manage the entire sum myself or will my
parents share the required funds?
- What is the shortfall?
- What plans do I have to take care of the short
Start now and have your dream wedding
The Wedding Savings Plan enables one to plan for ones
wedding expenses by way of systematically setting aside some
money. The maturity amount and additional bonuses are received
during the wedding time and helps to take care of the
exorbitant wedding expenses. The benefits are: An investment
fund and yearly bonuses that will mature at the time of
wedding. In case of an unfortunate event it offers protection
to the beneficiaries. This Plan offers peace of mind and good
return on investment.
- Affordable Premiums
- Building a Disciplined savings habit
- Control at the time of wedding
- Additional Protection for family members
What you need to do?
Choose the duration of the plan (the term), the total Sum
required to be available during the education years (the sum
assured) make the decision and start the contributions
(premiums) on a monthly, quarterly, half- early or annual
What you get?
- On the date of maturity, one gets the total of the Sum
Assured and the accumulated reversionary bonuses to provide
for your marriage expenses.
- In case of an untoward event prior to the date of
maturity beneficiary gets the sum assured and the
Let's take an example
Majid is a young man aged 22 from Muscat. He has just
completed his BA in Business Administration from Sultan
Qaboos University. Further, he received a job offer from
OMANTEL and has been working there for one month. Now Majid
is considering getting married in five years (when he would
be 27 years old). Majid is aware about the increasing
expenses incurred for an Omani Marriage. Majid takes a
Marriage Plan from National Life for a SA of RO 8000 aimed
at his marriage. This will give him peace of mind and a
sense of control that he has planned for his marriage.
Q: At age 27 what will Majid receive from the company?
A: Majid will receive the Sum Assured of RO 8000 on
Q: Any thing else?
A: In addition to the Sum Assured, Majid would receive
Reversionary bonus as a percentage of the Sum Assured for 5
years. Further, from the date of his wedding, he has more
income (because his contributions have stopped) to match
with more responsibility (that of his wife and
Q: What happens in the unfortunate event of death?
A: Immediately Majid's family would receive the Sum Assured
of RO.8000 and all the accumulated bonuses.