Arab Bank Credit Shield
With Arab Bank Credit Card, you can now take advantage of our comprehensive Credit Shield program which covers 100% of the outstanding credit card balance, in the event of death or permanent total disability of the Primary cardholder.
For a nominal monthly premium you can enjoy complete peace of mind knowing that your outstanding balance is covered should the worst happen.
All Arab Bank Credit Cardholders between the age of 18 and 60 are automatically eligible to benefit from the Credit Shield Cover.
The cover will cease when the Cardholder attains 60 years of age.
The premium is charged at 0.35% per month of the Cardholder’s monthly outstanding balance and will appear on the Card Statement.
Making a Claim
By simply calling our Contact Center our customer service representative will provide all the necessary assistance to complete the claims process and follow up with the insurance company.
The insurance cover is subject to the terms and conditions of the insurance policy. The maximum insurance cover is $75,000 (or equivalent in local currency).
For a full insurance policy terms and conditions and all exclusions, please click here.