Credit-life insurance · Regulatory layer

Unified Credit Life Insurance Policy

Standardises loan-linked life insurance in the relationship among borrower, lender and insurer.

Material typeRegulatory decision

Legal branchCredit-life insurance

Legal layerRegulatory layer

Source languageOfficial FSA material or catalogue; the full text of an individual decision must be checked at source

Review dateSeptember 13, 2026

Document overview

Standardises loan-linked life insurance in the relationship among borrower, lender and insurer.

Scope and exclusions

Applies to

Applies to credit agreements and related policies within the decision from 1 June 2024.

Limitations and exclusions

The official notice states that earlier credit agreements are outside scope unless the parties agree otherwise. Benefits, exclusions, underwriting and claims must be checked in the policy wording and decision.

Official source

CMA Decision 4/2024 · 4 January 2024 · implemented from 1 June 2024 · Oman Financial Services Authority

September 13, 2026

Open official source ↗

This editorial overview explains the instrument's subject and scope but does not replace the authoritative Arabic text or the current consolidated version.

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