Insurance Plans offered by EIB
Emirates Islamic Bank is one of the most reliable financial organisations in the Middle East thanks to innovative products and services that cater to an extensive range of customers. The bank has designed a comprehensive set of insurance policies so that every group of customers has something that can help them have better control on their finances and savings. Following are insurance packages that can be taken out from Emirates Islamic Bank.
This insurance policy is tailored to provide customers with protection for the future by creating a pool of savings for any goals and plans they may have for the future. The family of the policyholder is financially secure in case of the unfortunate permanent disability or death of the life assured. The policyholder is also protected against critical illnesses, and has the flexibility to select the funds of their preference.
Takaful Emarat Secure Term Protection Plan
This policy has been specially tailored to offer financial stability and full protection to the policyholder’s family in case there is an unfortunate event such as the permanent total disability or accidental death of the policyholder. The family of the policyholder is protected from long-term expenses like children’s education, mortgage and other financial needs arising from the policyholder’s untimely death. Upon maturity of the policy, the policyholder can receive a no-claim bonus provided he/she has made all contributions and there is no claim under the policy.
Takaful Emarat Secure Life Plan
This is a saving and protection plan that is designed to offer financial protection to the family of the policyholder. The participants in the plan are also covered as the policy offers financial security for financial goals like marriage, child education and retirement. The minimum term for the payment of contributions is set at five years, and customers can enjoy benefits until they turn 85 years of age. Customers also have the freedom to change the protection benefits as well as decrease or increase the contribution value.
Momayaz is a distinctive investment plan that makes it easy for customers to manage and increase their wealth thanks to the expertise offered by the bank. The plan requires only a single contribution and is a simple yet effective means of wealth management as it offers the growth potential, security and flexibility needed to increase returns on your investment.
Idikhar Plus Savings Plan
This plan is tailored to help customers meet their financial aims effortlessly and swiftly. Not only does it offer financial protection to your family, but also helps in protecting your wealth and the financial future of your family in case there is an unfortunate event such as the accidental death or permanent total disability of the policyholder.
Ethra’a is an interesting combination of Takaful policies that are designed to enrich the customer’s life. These long-term savings plans come with takaful protection and a predetermined maturity period. The aim of the plan is to help customers save money on a regular basis and invest it with the intention of earning Sharia’ah-compliant returns.
Auto Takaful is a motor vehicle insurance policy that has been created by Reinsurance Company and Dubai Islamic Insurance in collaboration with Emirates Islamic Bank. The policy provides financial cover to the holders in case of road accidents, personal injuries, breakdowns and losses incurred due to third party damages.
With as many insurance packages as provided by Emirates Islamic Bank, customers will find it relatively easy to find the deal that best suits their financial requirements, be it for life insurance, home insurance or motor vehicle insurance.