Credit Shield is an insurance benefit available on your Credit Card which offers protection to you and your family from the liability of paying the outstanding amount on your Credit Card in case of unforeseen eventualities.
Credit Shield covers the following eventualities worldwide:
- Accidental or Natural Death
- Permanent Total Disablement
- Critical Illness
The Credit Shield Cover is for an amount of AED 100,000 per Primary Card up to a maximum of AED 300,000 per individual under Death, Permanent Total Disablement and Critical Illness.
You are automatically enrolled into Credit Shield from the time you activate your Card. You enjoy complimentary cover for 2 months after which a nominal rate of 0.60% is charged every month on the outstanding balance on your Card.
Please call us on 600 54 0000 within the first 2 months of card activation to opt out of Credit Shield. However, once you opt out, you will not be able to rejoin into Credit Shield..
The minimum age is 18 years and the maximum is 70 years for Death and Permanent Total Disablement, and 59 years for Critical Illness.
The following ailments are covered under Critical Illness:
- Stroke
- Kidney Failure (End Stage Renal Disease)
- Coronary Artery Bypass Surgery
- Cancer
- Major Organ Transplant
- Multiple Sclerosis
No, the cover is applicable only for Primary cardholders. Supplementary cardholders are not covered.
In case of Critical Illness, Permanent Total Disablement or Death, you or your family need to do the following:
1. Call 600 54 0000 within 30 days of the eventuality.
2. Complete the Claim form and send it to PO Box 777 with appropriate documents as specified below
- Police Report (if eventuality was due to an accident)
- Medical Report from a registered medical officer with detailed
- Diagnosis and Cause of eventuality
- Copy of passport with visa page
- Disability Certificate from an authorized medical practitioner(for disability claim)
- Death Certificate and Post Mortem Report (for Death claims)
