Gone are the days when credit cards were just plain old credit cards. The cards of today offer cardholders a plethora of features and facilities one of which is the insurance credit card which basically offers you the benefits of an insurance policy along with those of a credit card. They offer protection for cardholders and their families through features like credit shields that will protect you against situations like unexpected loss of jobs to critical illnesses and disabilities. They even offer protection for the family through features like family protectors that offer a life insurance cover in the unfortunate event of the cardholder’s death. At times these cards may even go so far as to provide insurance covers that will even cover certain hospital expenses.
Top insurance credit cards in the UAE
With the ever changing environment that we live in, it is necessary that we are prepared for any and all eventualities and that is exactly what these cards offer. The insurance offered by these cards is meant to cover eventualities ranging from personal accidents and natural death to a sudden loss of employment.
Emirates NBD Titanium Credit Card
The titanium credit card offered by Emirates NBD is a card that comes with a credit shield that ensures that in case something were to happen to you, the balance due on your credit card won’t become a headache for you. This credit shield protects against situations like death, disabilities and critical illnesses. The cover can be taken against the payment of a nominal premium and will cover outstanding balances up to AED 100,000 to AED 300,000.
Dubai Islamic Bank Prime Infinite Card
The Prime Infinite Card offered by the Dubai Islamic Bank provides cardholders with a Credit Shield Takaful that can be taken for a fee that is equal to 0.39% of the outstanding amount. This credit shield will cover you for AED 30,000 in case you lose your job and for AED 200,000 in case of death or permanent disabilities. It is completely compliant with the Sharia laws of family Takaful.
Emirates Islamic Skywards Infinite Credit Card
This is a card that is meant for those who like to live life with a bit of luxury around them. It offers, among its many features, a credit shield that will cover the outstanding balance on your credit card in case of death or permanent disabilities. The shield is optional and can be opted out of at any time. The fee charged for this cover is 0.75% of the outstanding balance however, for the first two months the cover is offered for free.
Mashreq the FIFA World Cup Mashreq Visa Card
This card is ideal for FIFA fans, especially those who tend to travel a lot because not only does this card offer various features like lounge access, it also offers cardholders travel insurance which can cover eventualities like cancelation of trips or loss of luggage or emergency medical expenses. In case of death or a permanent disability this card offers AED 200,000. In case of partial disabilities it offers AED 100,000. For emergency medical expenses the card offers AED 60,000 and AED 12,000 for emergency evacuation.
CitiBank PremierMiles Elite Credit Card
The CitiBank PremierMiles Elite credit card offers a double benefit to cardholders. Not only does it offer the benefits of a credit shield to cover outstanding balances, it also provides travel insurance for frequent travellers. The credit shield will cover up to AED 350,000 of the outstanding balance. It also offers cardholders a payment of 5% of the outstanding balance for personal use in case they have lost their job. The fee charged for the credit shield is 0.