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Credit Shield
 

The "Credit Shield" & "Credit Shield unemployment" programs are innovative provisions that are offered to our customers with low cost, in co-operation with the insurance company ALICO Life (119, Kifisias Ave., 151 24 Marousi, Athens - Greece) and MetLife Insurance Limited (8th Floor, ÕŌ1 Minster Court, Mincing Lane, London, EC3R7YL) respectivly. The "Credit Shield" program covers you in case of loss of life, serious injuries and particular diseases and the "Credit Shield unemployment" program covers you apart from all the above and in the additional event of loss of job.

With either of these programs you are protected whatever happens to you, since your card will be paid off from your bank, as long as you are enrolled in a plan.

Your participation to any of the aforementioned programs is not obligatory for the card acquisition and retention.

Below you will find a short description of each programís covers.

Ń. Provisions

1.† LIFE COVERAGE
In case of death from any cause, the outstanding balance of the credit card, including EPP (Extended Payments Plan), will be paid on your account to Citibank International Plc. as it appears on the statement that has been issued prior to the event.

2. PERMANENT TOTAL DISABILITY COVERAGE
In case of Permanent Total Disability due to Accident or Sickness, the outstanding balance of the credit card, including EPP (Extended Payments Plan), will be paid on your account to Citibank International Plc. as it appears on the statement that has been issued prior to the event.

3. TEMPORARY TOTAL DISABILITY COVERAGE
In case of Temporary Total Disability, after the 31st day of disability, for maximum 12 months, the minimum outstanding balance of the credit card, including EPP (Extended Payments Plan), will be paid on your account to Citibank International Plc. as it appears on the statement that has been issued prior to the event.

4. CRITICAL ILLNESS INSURANCE
If the customer suffers of Critical Illness, after of three months of coverage, and more particularly from any of the following illnesses, blindness; malignant cancer; chronic renal failure; coronary artery bypass surgery; heart attack; major organ transplant surgery; stroke, the outstanding balance of the credit card, including EPP (Extended Payments Plan), will be paid on your account to Citibank International Plc. as it appears on the statement that has been issued prior to the event.

For your more complete protection even for the incident of unemployment, we designed the "Credit Shield unemployment program" that apart from the aforementioned provisions offers you coverage in case of involuntary unemployment.

5. INVOLUNTARY UNEMPLOYMENT INSURANCE
In the event that the insured, during the course of his insurance, is working and becomes Involuntarily unemployed, a monthly benefit equal to the minimum amount of the credit card debt, will be paid on your account to Citibank International Plc. as it appears on the last bill issued prior to date of the commencement of such unemployment.

 

 

For more information about "Credit Shield" & "Credit Shield unemployment" please:

  • Contact any branch of Citibank or
  • Call 210 8938100

 

 

 

 

 

 

 

 

 
 
 
 
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