Covers you against involuntary loss of employment, death or permanent total disability.
Payout of monthly minimum installment due up to AED 5,000 per month for a maximum period of 12 months.
Payout up to AED 100,000 of outstanding balance in case of Primary Cardholder’s death due to an accident.
Payout up to AED 100,000 of outstanding balance in case of Primary Cardholder’s death.
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.
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.
Please contact us by email or telephone on the contact details below: