Home > Products & Services > Financial Planning & Insurance
Credit Cards
Loans
Personal Accounts
CitiGold
Investment & Treasury Center
CitiBusiness
Insurance
Life Insurance and Financial Planning
General Insurance
Credit Insurance
Bon Voyage Travel Services
CitiPhone Banking
Citibank Alerting Services
Email Statements
Citibank Online
Financial Planning & Insurance
At Citibank, we realize that your future is as important as your present.

Credit Shield Plus
Credit Plus

Credit Shield Plus

What is it:

Credit Shield Plus is an optional insurance program designed to protect you from the liability of paying the outstanding amount on your credit card in the event of Involuntary Loss of Employment, Temporary Disability, Permanent Disability, Critical illness and at the unfortunate event of death.

Credit Shield Plus thus provides you peace of mind to tide over emergency situations by taking care of your Citibank credit card dues.

How it works:

Credit Card Outstanding (up to specified limits) are paid by the insurance company in the event of Involuntary Loss of Employment, Temporary Disability, Permanent Disability, Critical illness and at the unfortunate event of death of the Citibank Credit Card customer.

Critical Illness means the first diagnosis of any of the following illnesses first occurring after the acceptance date (DATE OF ENROLLEMENT)

  • Blindness
  • Malignant Cancer
  • Chronic Renal Failure
  • Coronary Artery Bypass Surgery
  • Heart Attack
  • Major Organ Transplant Surgery or
  • Stroke
Eligibility

Available to all Citibank Credit Card Customers within the ages of 18 and 64

What you Pay:

You pay as low as 0.79% of your credit card outstanding and what's more; if you have no outstanding on your card, you pay absolutely nothing and still enjoy the cover.

^Top

Insurance products are subject to exclusions, special terms and conditions, contained in the Policy document.
Insurance products are optional and underwritten by Insurers, subject to terms & conditions of each policy. Citibank N.A. does not offer insurance advice nor underwrite or issue insurance policies. Citibank N.A. is not responsible for rejection of any application/claim. Citibank N.A. provides customer support to the by way of receiving payments from the customer and forwarding them to the Insurer, in addition to making such insurance products available to the customers. Policies can be cancelled at anytime. If cancelled within 30 days of enrollment, customers are entitled to a full refund of premium collected with in that period. If cancelled after 30 days, there will be no refund of premium as this is not an investment product and does not accumulate a cash value. Unless specified, insurance products are not bank deposits or obligations of, guaranteed or insured by Citibank, N.A., Citigroup Inc. or any of their affiliates or subsidiaries, or any local governmental agency. The foregoing does not constitute making of any offer or invitation to subscribe for insurance products nor does it amount to solicitation by Citibank NA, Citigroup Inc or any of its affiliates. In addition to terms and conditions of the Insurer under each policy, Citibank terms & conditions apply and are subject to change without prior notice. The Insurer assumes full responsibility for the contents of insurance products mentioned above. The information mentioned above is for reference only and is not a contract of insurance. Please call Citiphone at 04-3114-000 should you have any queries or complaints


Credit Plus

What is it:

Citibank requires your loan to be covered by life insurance which will repay the outstanding balance of your loan in case of the borrower’s death due to accident or sickness.
This product features pre-approval and guaranteed issuance of cover.
The premium on the loan amount will be deducted from your original loan amount for such coverage unless you have assigned your existing life insurance policy.

How it works:

  1. It provides Protection, Security and Safety.
  2. Provides peace of mind for you and your family against financial loss in covered event such as unfortunate event of death & permanent disability.
  3. Guaranteed acceptance & no medical examinations required.
Eligibility

Citibank Loan Customers between the ages of 21 and 60 at the time of entry.

What you Pay:

Premium on Credit Plus will vary based on the tenor of the Loan.

The below table will give you a fair idea of the premium:
Loan term Single premium rates as a percentage of the Face Amount of each Loan
Up to 12 months 0.44%
13 - 24 months 0.91%
25 - 36 months 1.43%
37 - 48 months 2.02%
49 - 60 months 2.66%

What you get:

You can safe guard your family with an incredible CREDIT PLUS plan that offers to pay off your Citibank Loan outstanding (up to specified limits) in the unfortunate event of death, permanent total disability. The Loan Outstanding will be paid off by the Insurance Company.

^Top

For more information, please send us an email.

Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please click here. Effective April 1, 2008, customers applying for loan will be subject to a mandatory insurance provided by American Life Insurance Company. A maximum premium of 2.66% on the loan amount will be deducted from the original loan amount for such coverage unless customer assigned his/her existing life insurance policy. All insurance policies are subject to the specific terms and conditions of the insurer. Loan Insurance premium outstanding will be settled against the pre-payment penalty in cases of premature loan closures. Credit Plus is not the obligation of Citibank or Citigroup or any of their affiliates or subsidiaries. All obligations under the products offered are payable solely at and by Citibank N.A., subject to the laws of UAE (including any governmental actions, orders, decrees and regulation).