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Awaeed and Protection Savings Product

Diversify your investment to achieve optimal returns

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AlRajhi bank brings yet another exciting bundle campaign for its customers.

Customers can now earn up to 2% separate gift profit on top of existing Awaeed account profit rate upon purchasing Protection & Savings Deposit

What is Awaeed account?

Awaeed is an investment product dedicated to help Alrajhi bank customers to reach their financial goals. It increases the capital in investment in short to medium run with almost non-risky investment. To apply for the bundle campaign, customers must invest deposit for 6 months duration.For further information, please visit Awaeed Account | Alrajhi Bank

What is Protection & Savings Single Premium product?

Protection & Savings insurance is AlRajhi Takaful’s product. This insurance product provides both protection (the safety net required for family to maintain standard of living in case of death –God forbid) and savings, which helps to prepare for the future.Single Premium Protection & Savings allows the customer to pay the entire premium payment upfront.

More about the product

How to apply?

  • Visiting the Branch:
      • The client visits any branch of Al Rajhi Bank.
      • The client asks Awaeed and Protection & Savings Bundle.
      • The client issue protection and savings policy.
      • The client opens a Awaeed account for 6 months and adds the protection & savings policy number as the account name through the app.
  • Through alrajhi bank application:
      • The client goes to the insurance page in Al Rajhi Bank app and selects the protection and savings product.
      • Completes the policy issuance procedures.
      • In the last page of issuance, an icon "Earn More Profit" will appear, which the client selects.
      • The client agrees to open a Awaeed account.

Terms and Conditions

  • The customer must invest equal amounts in Term Deposit & Protection & Savings Single premium
  • The minimum investment amount in Protection & Savings Single Premium is SAR 100,000
  • The customer cancelling the Protection & Savings Single Premium insurance in first 21 days of purchase will not be eligible for gift profit rate
  • The customer withdrawing the Awaeed account deposit before 6 months will not be eligible for gift profit rate. Standard rules pertaining to Awaeed account will apply in this case as well.
  • The customer is eligible for the additional gift profit rate on only 1 Awaeed account against each Protection & Savings Single Premium policy
  • Upon Awaeed account maturity, the standard AlRajhi bank’s rate will be applicable for new bookings/auto rollover

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