Credit Shield
Life is all about being prepared and therefore it is important to plan ahead. We are pleased to inform you about our Credit Shield Insurance facility that has been specially designed to cover your credit card outstanding balance in case of an unforeseen event.
With Credit Shield you and your family can enjoy protection and peace of mind with respect to the outstanding balance on your Primary credit card. Credit Shield provides coverage of up to AED 100,000 on your outstanding balance in the unfortunate event of Permanent Total Disability, Critical illness or Death.
You are automatically enrolled into Credit Shield on activation of your Credit Card. The service will be complimentary for the first two months, after which you will be charged a nominal premium of 0.6% per month on the revolving balance outstanding on your Credit Card.
You can choose to opt out of Credit Shield Protection at any time by calling us at 600 54 0000. We will, based on your request cancel the Credit Shield protection on your account. Please note that once cancelled, you will not be eligible to enroll again.
- 24 hour worldwide cover for Death and PTD benefits
- Automatic enrolment
- No medical certificate is required
- 2 months free cover for new subscribers
- Low monthly rate of the revolve balance on your Credit Card
- Credit spend by supplementary cardholders is also covered
Important Notice
- Cover automatically starts from the Commencement Date.
- The first two months of the Cover is free of charge and thereafter a nominal rate will be applied on the revolve balance on your Credit Card.
- The Cardholder has the option to opt out of the scheme at any time. However, once opted out, the Cardholder will not be allowed to re-join the scheme.
- The cover is applicable for all Cardholders.
- The Cardholder should be of age between 18 to 65 years.
- The Territorial Limit is 'worldwide' in respect of Death and Disability cover.
- The Cover is subject to the Jurisdiction of the competent courts of Dubai
- The Bank reserves the right, at any time, to change the terms, conditions, rates and/or reject, discontinue or cancel the Cover applicable without assigning any reason thereof.
- Death or Disablement could be due to any cause except those expressly excluded.
- Benefits payable under this scheme shall be adjusted against the Cardholder's total amount outstanding with the Bank on his credit card account.
- The Bank is not at any time considered as an agent of National General Insurance Company the "Insurance Provider". Any claims or contestations for any insurance coverage can however be negotiated directly with National General Insurance Company, Dubai, through the banks offices.
- Failure to notify the Company shall render the benefits provided under this Cover fully recoverable without contestation.
