Credit Card Insurance
Alico‘s credit card insurance solution is a market leader, not only due to the coverage it offers but also due to the comprehensive set of benefits it provides to the policyholder and the insured.
The following features make our solutions unique and exclusive in this market:
- Our products are competitively priced, making them affordable to your card customers - across all segments
- We offer high levels of insurance cover on credit card outstanding
- Our payout in the event of an involuntary loss of employment (ILOE) is amongst the highest offered by any insurer in the UAE.
- We provide a 100% payout of the outstanding amount on the credit card in the event of the card holder's death or if the card holder suffers a Permanent Total Disability or Critical Illness.
- We pay double the amount of cover in case of death or permanent total disability due to an accident
- If the card holder suffers from a Temporary Total Disability or Involuntary Loss of Employment, we pay the minimum outstanding amount due for the next 6 months
Coverage
Our solutions are tailor-made to suit your requirements and can cover the following :
- Death due to any cause
- Permanent Total Disability due to accident or sickness
- Temporary Total Disability due to accident or sickness
- Critical Illness
- Terminal Illness
- Hospitalisation due to accident or sickness
- Involuntary Loss Of Employment
Eligibility
Any customer of the bank or financial institution, between the ages of 18 and 65
Medical Requirements
None
Payment Modes
Premiums can be paid on a monthly basis.
Claims
You will enjoy a high level of services, together with efficient claims settlement.
Alico group insurance policies contain certain exclusions, reductions, limitations and terms for keeping them in force. Contact your Alico representative for more information.
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