ADCB Savings and Protection Plans
ADCB’s savings and protection solutions offer you a chance to safeguard all your belongings while providing the opportunity to help you plan for the future. There are comprehensive insurance packages that offer extensive benefits. Not only are they affordable, but also Sharia’ah compliant and the choices on offer prove that the bank has done its best to meet the demands of an extensive customer base.
The Life Insurance package from ADCB ensures that the policyholder’s family will continue to be financially stable if the holder’s income stops due to critical illness, disability or death. The company has made available two unique life insurance policies for customers to choose from.
Term Life Insurance
As the name of the policy suggests, Term Life insurance covers the policyholder for a specified term. Protection is provided so long as the holder makes premium payments on a regular basis. In case of death of the life assured during the term of the policy, the sum insured will be handed over to the beneficiaries, but if the policyholder survives the policy term, the policy will expire following cessation of premium payments.
Whole Life Insurance
This policy covers the life assured until he/she turns 95 years of age. Premium payments must be made for a specified term for the holder to enjoy benefits for the entirety of his/her life. This package is ideal for optimum coverage particularly if the holder is at high risk of death. Customers can also eligible for extra optional benefits such as critical care, waiver of premium, accident and hospital care, spouse rider terms, income benefits and permanent total disability.
Secure Life Insurance
An affordable and simple life insurance plan, premium payments towards the Secure Life policy is as low as AED 20. Customers have the option to choose their own cover and increase it or decrease payments thanks to the policy’s flexibility.
Family Protector Plus Accident Insurance
An easily accessible plan for accident insurance, Family Protector Plus offers distinctive benefits and protects the financial future of your family against natural calamities and accidents. Premium payments are as low as AED 25 per month, making it easily affordable and accessible to a wide range of customers.
The future of your family can be protected if the policyholder suffers from any of the 37 critical illnesses covered under the plan. The illnesses include heart attack, coronary artery bypass surgery, cancer, kidney failure, multiple sclerosis, etc.
This policy covers the contents of your home against unfortunate situations like theft, pipe burst or fire that can potentially destroy or damage your house. Optional cover can also be availed if the accident causes fatal injuries to the insured individual or his/her spouse.
The car insurance packages offered by ADCB include Comprehensive Insurance which offers comprehensive cover against third party liabilities as well as own damages, and Third Party Liability Insurance that offers cover against third part liabilities when there are accidents.