Credit Shield

Introducing Credit Shield from Dubai First - No other credit card protects you better.

 

For the unforeseen circumstances that may prevent you or your family from meeting your financial commitments, Dubai First introduces Credit Shield - a comprehensive credit card insurance cover that offers you complete protection against life's adversities. Credit Shield* covers you in the event of the below unfortunate events:

  • Natural Death (sickness)
  • Accidental Death
  • Permanent Total Disablement (Sickness/Accident)
  • Involuntary Loss of Employment
  • Temporary Total Disability (Sickness/Accident)
  • Critical Illness
  • Terminal Illness
  • Repatriation of Mortal Remains
  • Hospitalization Benefit due to accident

 

  Event   Benefits
       
  Natural Death & Permanent Total Disablement (due to sickness)   Coverage of total amount outstanding on Dubai First credit card as on date of death / permanent total disability (due to sickness) of the insured, subject to maximum of  credit card limit or AED 200,000/-, whichever is lower
       
  Accidental Death & Permanent Total Disablement (due to accident)   Coverage of total amount outstanding on Dubai First credit card as on date of death / permanent total disability (due to accident) of the insured, subject to maximum of  credit card limit or AED 200,000/-, whichever is lower. In addition a fixed amount of AED 200,000/- shall also be payable to the cardholder
       
  Temporary Total Disability (TTD)   Minimum monthly instalment (5% or AED 1,000/- for Platinum & AED 100 for Classic & Gold whichever is higher) due to the bank, excluding first 30 days of TTD, for a period not exceeding three months
       
  Critical Illness  

Coverage of 100% of the Sum Insured subject to a maximum of AED 200,000/-

       
  Terminal Illness  

Coverage of 50% of the Sum Insured, subject to a maximum of AED 100,000/-

       
 

Hospital Cash Benefit (due to accident)

  In an event of hospitalization of the card holder as a result of an accident a daily benefit of AED 100 for maximum period of 30 days
       
  Involuntary Loss of Employment (age 18-60 years)   In the event of involuntary loss of employment (ILOE) of the insured, the insurance company shall pay each month 10% of the outstanding on Dubai First credit card as on the date of the event or AED 4,000, whichever is lesser, for a maximum period of 12 months. The maximum benefit per insured cardmember shall not exceed AED 48,000
       
  Repatriation of Mortal Remains  

Coverage Actual expenses subject to a maximum of AED 15,000 per insured Primary Credit Card Holder

       

 

All these benefits come to you for a nominal monthly charge as per the Schedule of Charges and will apply on your monthly credit card balance. Secure the future of your family with Credit Shield from Dubai First, and give yourself the peace of mind you deserve.

*Policy Terms and Conditions apply. For further details click here