QLM LIFE & MEDICAL INSURANCE CO QPSC

What QLM LIFE & MEDICAL INSURANCE CO QPSC does

QLM Life & Medical Insurance Company QPSC is a Qatar-based, publicly listed insurance carrier (QPSC structure, ticker QLMI on the Qatar Stock Exchange) regulated by the Qatar Central Bank and rated A- with a stable outlook by S&P. The company underwrites and distributes life and medical insurance products to three primary customer segments: corporate employers (group medical and group life), individual consumers (individual medical, individual life, senior citizens insurance, and the SeQure Retirement and Education savings series), and visitors to Qatar covered under the mandatory health insurance scheme mandated by Law No. (22) of 2021. In FY2025 QLM generated QR1.49 billion (~USD 409 million) in insurance revenue, up 22% from QR1.22 billion in FY2024, with net profit of QR65.54 million.

QLM's product portfolio spans eight core insurance lines: Group Medical, Individual Medical, Senior Citizens, Visitors Mandatory Health, Group Life, Individual Life, SeQure Retirement, and SeQure Education. The underlying technology is a conventional insurance platform comprising a web-based member and provider portal (qlm-online.com), dedicated mobile applications on iOS and Android, claims processing systems, and provider network management tools that connect to a healthcare provider network spanning 190+ countries. The platform also integrates with Apple Health, Google Fit, Fitbit, and Garmin to ingest user-consented health and wellness data, positioning the company for future personalized offerings. Underwriting is supplemented by self-service portals for members, corporate clients, network providers, employees, and agencies.

QLM makes money primarily through recurring insurance premiums billed annually for group plans and via direct-to-consumer online purchases for retail and visitor products. Distribution is hybrid: group plans are sold through an enterprise sales motion, while individual and visitor products are sold through a self-serve online channel, mobile apps, and a network of insurance agencies. The company's scale (101-250 employees), disclosed FY2025 financials, and continued dividend distribution (QR35 million, 10% payout approved at the March 2026 AGM) indicate a mature, profitable operating model serving both domestic Qatari and expatriate populations in the State of Qatar.

Name

QLM LIFE & MEDICAL INSURANCE CO QPSC

Legal name

QLM Life & Medical Insurance Company QPSC

Website

https://qlm.com.qa

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

QLM Life & Medical Insurance Company QPSC is a publicly listed Qatar-based insurer offering group and individual medical and life insurance, the SeQure retirement and education savings series, and mandatory visitor health insurance, serving corporate employers, individual consumers, and inbound visitors to Qatar.

Ownership category

akta.pro rank

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: QLM generates revenue primarily through insurance premiums collected from policyholders. The company reported insurance revenue of QR1.49 billion in fiscal year 2025, a 22% increase from QR1.22 billion in 2024. Premiums are collected from both group (corporate) and individual medical and life insurance policies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

QLM Life & Medical Insurance Company QPSC is the leading life and medical insurer in the State of Qatar, offering a comprehensive portfolio of insurance solutions including group and individual medical insurance, senior citizens insurance, mandatory visitors health insurance, group and individual life insurance, and the SeQure branded retirement and education savings plans. Coverage is delivered through a global network of trusted healthcare providers spanning 190+ countries, supported by online portals and mobile applications for member self-service.

Product overview

QLM Life & Medical Insurance Company QPSC is a leading life and medical insurer in Qatar offering a comprehensive portfolio of insurance solutions organized into two main categories: Medical Insurance and Life Insurance. The Medical Insurance portfolio includes Group Medical Insurance, Individual Medical Insurance, Senior Citizens Insurance, and Visitors Mandatory Health Insurance (mandated by Qatar's Law No. 22 of 2021). The Life Insurance portfolio includes Group Life Insurance, Individual Life Insurance (both term and permanent), and the SeQure branded savings series comprising the SeQure Retirement Series and SeQure Education Series. The company provides personalized coverage options backed by a global network of healthcare providers.

Differentiator

Problem solved

Functional benefit

Brands

• SeQure Child Series: Child insurance plan providing financial protection for a child including life insurance, health insurance, education savings, and other benefits. The policy can be purchased by the child's parent or guardian.
• SeQure Retirement Series

Products and services

• Group Medical Insurance Comprehensive medical insurance coverage for groups of individuals, typically employees of a company or members of an organization, offering customizable coverage options. Sold to employers and organizations through corporate sales.
• Individual Medical Insurance Personalized medical insurance policy providing financial protection for an individual's healthcare expenses, with coverage tailored to individual needs and budget. Available via online quotes for individual retail consumers.
• Senior Citizens Insurance Specialized medical insurance designed for senior citizens, providing coverage for age-related healthcare needs and medical expenses. Targeted at elderly individual consumers.
• Visitors Mandatory Health Insurance Mandatory health insurance for visitors to Qatar required under Law No. (22) of 2021. First phase covers all types of visitors (except GCC residents), providing mainly emergency and accident coverage with additional benefits. Purchasable online.
• Group Life Insurance Life insurance coverage for groups of individuals, typically employees of a company or members of an organization, where the policyholder is the employer or organization and insured individuals are employees or members. Offers affordable and customizable death benefit protection.
• Individual Life Insurance Personal life insurance policy providing financial protection for an individual in the event of death, with coverage continuing for the entire life of the insured or for a specified term. Beneficiary is typically a family member or loved one.
• SeQure Retirement Series Retirement savings plan designed for today's global workforce, offering flexible currency options (start saving in one currency and continue in another) and investment components to secure financial future during retirement. Targeted at individual consumers planning retirement.
• SeQure Education Series (Child Plan) Child insurance plan providing financial protection for a child through life insurance, health coverage, and education savings components. Policy can be purchased by the child's parent or guardian. Targeted at parents and guardians.

Quantifiable outcome

• Insurance revenue grew 22% from QR1.22 billion in 2024 to QR1.49 billion in fiscal year 2025
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Qatar Insurance Company (QIC): QIC is the largest insurer in Qatar and the broader GCC, offering life, health, and P&C lines. It is the most direct domestic peer to QLM, competing head-to-head on group and individual life and medical in the same regulatory and employer market.
• Daman (National Health Insurance Company): Daman is the leading dedicated health insurer in the UAE, providing individual and group medical coverage. It is a strong functional peer to QLM's medical insurance franchise given similar employer-led distribution and regulator-driven scheme experience.
• Bupa Arabia: Bupa Arabia is the largest specialized health insurer in Saudi Arabia, focused on employer-sponsored group medical. Comparable to QLM in its medical-first product mix, GCC regulatory environment, and reliance on corporate accounts.
• Tawuniya (Company for Cooperative Insurance): Tawuniya is one of Saudi Arabia's largest composite insurers with significant health and group life books. It mirrors QLM's combination of group medical, group life, and individual lines serving both employers and retail customers in the GCC.
• Abu Dhabi National Insurance Company (ADNIC): ADNIC is a major UAE composite insurer offering life, medical, and general insurance to corporate and retail customers. It is a close comparable in product mix, employer-led distribution, and regulatory regime to QLM.

Broad incumbents

• Gulf Insurance Group (GIG): GIG is a large, regionally diversified GCC insurer with composite life, health, and P&C lines across multiple MENA markets. It is comparable to QLM as a broad-line Gulf insurer but operates at materially larger scale and across more jurisdictions.
• AXA Cooperative Insurance (Saudi Arabia): AXA's Saudi franchise offers life, health, and motor coverage through a global brand with multinational employer relationships. It is comparable to QLM as a composite life and health carrier with global-network distribution, but operates at larger scale and under a different brand.

Emerging players

• Saudi Enaya Cooperative Insurance: Saudi Enaya is a specialized health-focused insurer in Saudi Arabia offering group and individual medical coverage. It is comparable to QLM's medical core but is smaller and narrower in product scope.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Qlm_insurance
• Facebookfacebook.com/QlmInsurance
• LinkedInlinkedin.com/company/qlm-insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QLM LIFE & MEDICAL INSURANCE CO QPSC