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Key Facts Statement
Credit Shield Credit Shield

Credit Shield

Covers you against involuntary loss of employment, death or permanent total disability.

Key Benefits

Involuntary loss of employment

Involuntary loss of employment

Payout of monthly minimum installment due up to AED 5,000 per month for a maximum period of 12 months.

Death due to accident

Death due to accident

Payout up to AED 100,000 of outstanding balance in case of Primary Cardholder’s death due to an accident.

Death by any cause

Death by any cause

Payout up to AED 100,000 of outstanding balance in case of Primary Cardholder’s death.

Permanent Total Disability

Permanent Total Disability

Payout up to AED 100,000 of outstanding balance.

Emirates Islamic Credit Cards offer you cover against involuntary loss of employment, death or permanent total disability. This comprehensive Card Takaful cover "Credit Shield" is specifically designed to cover your Card outstanding balance for a nominal monthly fee on your outstanding balance in case of an unforeseen event.

Note: Credit Shield product will not be offered to new credit card customers from October 16th, 2020.

If at any time you wish to cancel the option, please call 600 599 995.

Salient Features

  • 24 hours worldwide cover for Death, Permanent and Total Disablement.
  • No Medical Certificate is required.
  • Low Monthly rate of 0.99% of outstanding amount.
  • Card Spend by Supplementary Cardholders is also covered.

Important Notice

  • The cover automatically starts from the card issuance date.
  • 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 rejoin the scheme.
  • The Cardholder's age must be between 18 and 65 years in respect of Death & Disablement covers
  • 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 &/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 in his/her credit card account.
  • The Bank is not at any time considered as an agent of Dar Al Takaful, the "Insurance provider".
  • Any claims or contestations for an insurance coverage can however be negotiated directly with Dar Al Takaful, through the Bank's offices.

Frequently Asked Questions

The comprehensive Card Takaful cover "Credit Shield" is specifically designed to cover your Card outstanding balance for a nominal monthly fee on your outstanding balance in case of an unforeseen event. This offers you cover against involuntary loss of employment, death or permanent total disability.

You are automatically entitled to Credit Shield as an EIB Cardholder for an initial period of 2 months, absolutely free. If at any time you wish to cancel the option, please call 600599995.

Credit Shield Coverage Benefits
Involuntary loss of employment Payout of monthly minimum installment due up to AED 5,000 per month for a maximum period of 12 months.
Death due to accident Payout up to AED 100,000 of outstanding balance in case of Primary Cardholder’s death due to an accident.
Death by any cause Payout up to AED 100,000 of outstanding balance in case of Primary Cardholder’s death.
Permanent Total Disability Payout up to AED 100,000 of outstanding balance.

You are automatically enrolled into Protect Plus from the time of card activation. You enjoy complimentary cover for two months after which a nominal rate of 0.99% is charged on a monthly basis based on the outstanding balance on your card.

Validity of credit shield takaful cover is subject to fulfilment and receipt of card approval from the Bank and on monthly contributions paid towards the cover.

Bank at its discretion may change the Takaful provider during the tenure of the customer association with the Bank. Any such change will be automatically binding on all cardholder who have availed credit shield takaful Policy from the date of the change of the Takaful provider.

One year with the same employer.

Yes, there is a waiting period of 30 days.

Claims to be reported to the Bank as early as practically possible as but not later than 180 days from the event date and all the related documents should be submitted within 90 days from the date of reporting claim to the company.

Please check Claims Procedure on the Claims and T&C document for details regarding the documents which are required for the approval of claim as well as the process of claim.


For Claims Procedure and Terms & Conditions, please click here.

Enquiries:

Please contact us by email or telephone on the contact details below:

Subject to policy terms, conditions & exclusions.