Credit Cards Takaful Credit Shield
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.
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.
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. | |||
| 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 |
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
Please click here for Complimentary Life Cover Terms and Conditions.
Please click here for Main scheme Terms and Conditions
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
The credit card holder or his/her beneficiary should contact Abu Dhabi National Insurance Company
Tel.: 02 408 0100 Fax: 02 626 8600, toll free no. 8008040/,or
Send an email to ConsumerLinesClaims@adnic.ae or mail_insurance@adcb.com
Upon receipt of claim notification, ADNIC would register the claim, allocate & advice a claim number and required documents.
Please click here to print the claim form
Interested? Request a callback.
Other ways to apply
Contact centre
Call our 24-hour contact centre on 600 50 2030.
Apply through SMS
SMS 'SHIELD' to 2626 from your registered mobile number.
Visit us
We will be happy to receive you in any of our branches.