Credit Cards Takaful Credit Shield

ADCB

Protect your ADCB Islamic Banking Credit Card payments with Takaful Credit Shield

With the Takaful Credit Shield facility on your ADCB Islamic Banking Credit Card, you don't need to worry about the unforeseen.

0.9345%
Monthly nominal premium
100%
of Sum Insured
24 hour
worldwide cover

Keep in mind

  • Although only Primary cardholder is covered for the benefits under this insurance, the credit card spend by supplementary cardholder is also covered.
  • The premium billed is on the total credit card outstanding and will reflect on your monthly credit card statement.
Benefits

Involuntary Loss of Employment: 10% of credit card account outstanding balance or credit limit whichever is lower, but not exceeding AED 4,000/- for each month of the primary credit card holder’s unemployment and the total period of such indemnity shall not exceed 12 months from the date of actual unemployment.

Natural Death & Permanent Total Disablement due to sickness: 100% of Sum Covered subject to the maximum indemnity limits of each type of card.

Accidental Death and Permanent Total Disablement (accident): 100% of Sum Insured subject to the maximum indemnity limit of each type of card.

Critical Illness: 100% of the sum covered subject to the maximum indemnity limit of each type of card.

Top Up Life Cover: In addition to the above benefits in case of Death by Any Cause (either natural or accidental causes) the Company shall pay to the certificate holder or any named beneficiary the maximum indemnity limits set of each type of card.

Additional benefits

Enjoy complete control of your card transactions and set spend limits with the Card Control feature through the ADCB Mobile App.

Policy Coverage World/ Infinite Platinum Gold/Rewards Classic
Natural Death/Total & Permanent Disablement due to Sickness AED 200,000/- AED 100,000/- AED 75,000/- AED 50,000/-
Accidental Death/Total & Permanent Disablement due to Accident AED 200,000/- AED 100,000/- AED 75,000/- AED 50,000/-
Critical Illness AED 200,000/- AED 100,000/- AED 75,000/- AED 50,000/-
Top-Up Life Cover AED 200,000/- AED 100,000/- AED 75,000/- AED 50,000/-
Involuntary Loss of Employment In the event of involuntary Loss of employment of the primary Cardholder after the Commencement Date and during the Policy Period of Takaful Insurance, the Company shall pay 10% of credit card account as at Date of Event or credit limit whichever is lower but not exceeding AED 4,000/- for each month of the primary credit Cardholder’s unemployment payable and the total period of such indemnity shall not exceed 12 months from the date of actual unemployment.

Eligibility

Death, Disability & Critical Illness Benefit Involuntary Loss of Employment (ILOE)
Minimum Age at Entry 18 Years 18 Years
Maximum Age at Entry 69 Years 59 Years
Maximum Age at Claim 70 Years 60 Years

Convenience

On enroling for Credit Shield you will be charged a monthly nominal premium of 0.9345% (includes Value Added Tax (VAT) at the rate of 5%) of your total credit card outstanding balance. The premium billed will reflect on your monthly credit card statement.

Example: If your credit card outstanding balance for any given month is AED 10,000. Your Takaful Credit Shield premium for that month will be AED 95

Terms and conditions

Click here to view Terms and conditions

Disclaimer

ADCB Islamic Banking is only the distributor of Credit Shield Insurance scheme which is issued by AMAN as per their policy terms and conditions. ADCB Islamic Banking does not offer insurance advice, nor does it manage, underwrite or issue insurance policies. Accordingly, ADCB Islamic Banking makes no representation or warranty whatsoever in respect of the cover and assumes no liability or obligation for rejected applications or claims in respect thereof. The cover shall be provided as per the AMAN Credit Shield Insurance Terms & Conditions as made available to you through ADCB website www.adcbislamic.com/cs

Claim procedure

Claim procedure For assistance in submitting a claim under this policy, please contact ADNIC.
Complete the Claim Form and directly forward the Originals to:
Abu Dhabi National Insurance Company
P.O. Box 839, Abu Dhabi, United Arab Emirates
Tel.: 02 408 0100 Fax: 02 626 8600 E-mail: nmc@adnic.ae Direct: 02 408 0551
Upon receipt of claim notification, ADNIC would register the claim, allocate & advice a claim number and required documents.

Interested? Request a callback.

For any queries related to coverage, benefits, claims procedure or policy administration you may SMS 'SHIELD' to 2626, call 600 2030
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Other ways to apply

Contact centre

Contact centre

Call our 24-hour contact centre on 600 50 2030.

Apply through SMS

Apply through SMS

SMS 'SHIELD' to 2626 from your registered mobile number.

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We will be happy to receive you in any of our branches.

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