Credit Cards Credit Shield Insurance

ADCB

Protect your ADCB Credit Card payments with Credit Shield Insurance

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

1.0395 %
Monthly nominal premium
100 %
of Sum Insured
24 hour
worldwide cover

Keep in mind

  • New: Customers enrolled into the scheme are eligible for Complimentary (Free) Life cover including Natural Death and Top-Up Life cover
  • Although only Primary cardholders 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.
Policy Coverage

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 Insured subject to the maximum indemnity limit 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: Critical illness condition shall mean the Insured Member having suffered or developed one of the following critical illnesses during the period of cover of this benefit up 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 Policyholder or any named beneficiary a maximum indemnity limits set of each type of card.

Coverage Limits

Policy Coverage World Elite World/ Infinite/Signature Platinum Gold/Titanium Classic
Natural Death/Total & Permanent Disablement due to Sickness AED 500,000 AED 200,000 AED 100,000 AED 75,000 AED 50,000
Accidental Death/Total & Permanent Disablement due to Accident AED 500,000 AED 200,000 AED 100,000 AED 75,000 AED 50,000
Critical Illness AED 500,000 AED 200,000 AED 100,000 AED 75,000 AED 50,000
Top-Up Life Cover Not Applicable AED 200,000 AED 100,000 AED 75,000 AED 50,000
Involuntary Loss of Employment Not Applicable In the event of involuntary Loss of employment of the primary Cardholder, ADCB shall pay 10% of the Sum Insured as on the Date of Event not exceeding a maximum amount payable of AED 4,000 for each month of the primary Cardholder’s 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

Premium

On enrolling for Credit Shield you will be charged a monthly nominal premium of 1.0395% (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 Credit Shield premium for that month will be AED 104

Terms and conditions

  • Please click here for Complimentary Life Cover Terms and Conditions
  • Please click here for Main scheme Terms and Conditions

Disclaimers

ADCB is only the distributor of Credit Shield Insurance scheme which is issued by Abu Dhabi National Insurance Company (ADNIC) as per their policy terms and conditions. ADCB does not offer insurance advice, nor does it manage, underwrite or issue insurance policies. Accordingly, ADCB 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 ADNIC Credit Shield Insurance Terms & Conditions

Claim Procedure

The credit card holder or his/her beneficiary should contact Abu Dhabi National Insurance Company
Tel.: 02 408 0100 or Fax: 02 626 8600, toll free no. 8008040/,or send an email to consumerlinesclaims@adnic.ae or mail_insurance@adcb.com

Or visit any ADCB Branch to report the claim.
Please click here to print the claim form.
Upon receipt of claim notification, ADNIC would register the claim, allocate & advice a claim number and required documents. 

Please remember that you have 30 days from the date of the covered event to report the claim and all requested documents are essential for processing the claim by ADNIC.

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.

Visit us

Visit us

We will be happy to receive you in any of our branches. Find the closest one to you