DIB Insurance Plans
Dubai Islamic Bank has designed a variety of top notch products that comply with the Sharia’ah law and offer quality protection to customers. Whether you wish to save for your child’s education at a world-renowned university, for your child’s marriage, for your dream home, or for your retirement, DIB has an extensive range of insurance policies that will ensure financial security for the future.
DIB Al Islami Takaful Riayati
In case of the unfortunate disability or death of the policyholder, Al Islami Takaful Riayati secures the financial future of the beneficiaries. A special fund called Tabarru is opened to store your premium payments, and benefits are paid out of it. The programme is highly transparent and is among the most innovative and distinctive products that offer top quality financial protection.
Auto Takaful is a motor vehicle insurance that can be availed at an affordable price. DIB’s partnership with Dubai Islamic Insurance and Reinsurance Company (AMAN) offers customers a chance to take out the policy for rates as low as 2.35% per annum. Not only can you insure a brand new vehicle, but also reinsure an existing one while making the most of several different benefits including roadside assistance, medical expenses cover and agency repair.
DIB Al Islami Takaful Nama’a
DIB has partnered with Islamic Arab Insurace Company (SALAMA) to provide its customers with Al Islami Takaful Nama’a – a savings plan that offers investment and savings with protection. The policy helps customers to better plan for the future while putting them in better financial control of their lives. This comprehensive plan is tailored to help customers plan for their dream home, their children’s education and marriage, or secure their retired life. Premium payments are affordable and monthly contributions over a period of time promise high returns at maturity.
Osrati is a savings policy wherein customers must make contributions for at least five years or a predetermined period of time to enjoy benefits that last for the entire lifetime of the policyholder (until they turn 99 years of age). The regular contributions to be made towards this policy are affordable and cover is provided to the extent of AED 20 million. The plan also offers extra options to increase the customer’s protection benefits.
DIB Heba – Pure Protection
Heba was designed with the intention to protect the financial future of your family in case of unfortunate disability or death of the policyholder. The policy is ideal for medium and short term financial planning, whether it is to pay off your debt or save up for your children’s educational needs. Your family will be well covered even in your absence provided contributions have been made on a regular basis.
DIB Job Loss Takaful
Individuals who earn a monthly salary lower than AED 3000 can apply for the Job Loss Takaful plan. There are no enrolment fees and fees will be charged only after a month-long free-look period, following which customers must make a minimum payment of AED 8 per month. The accidental death benefit you can receive from this policy is AED 25,000 and involuntary loss of employment will deliver AED 1000 each month for a maximum of three months. The insurance policy can also be taken out by individuals who earn a monthly salary of AED 3000 to AED 5000.