Apply for protection for as little as AED 6 a day

Apply for protection for as little as AED 6 a day

And live your life while we take care of the rest

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How much Insurance cover do you need?

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Life Insurance plans that suit your needs.

As a Citibank customer, you can choose and compare the Insurance plan you need & find out more though our Relationship Managers who are available to assist you in providing more information.

Our Solutions

The coverage and solutions described below are only available to residents of the UAE.

Life Long

Key Benefits

Key Benefits Insurance with investment options

Life Long offers life coverage with an option to add critical illness and permanent total disability to your life coverage for a medium term or for the rest of your life based on your needs. Parts of the premiums you pay go towards the cost of insurance and the rest go towards underlying investments which may provide a return that can be used to fund the cost of Insurance.

Insurance with investment options
  • Minimum age

    18 years old

  • Minimum premium

    USD 150 per month, you can also choose to pay your premium as a onetime lump sum rather than on a monthly basis.

  • Product Provider

    This product is provided by Zurich International Life. This product is not available to US Citizens or residents.

Overview Of Costs

  • The cost of insurance varies from person to person and depends on the client's health, lifestyle and other factors including the term the insurance coverage is required for.
  • As an example if a 35 year old male married smoker chooses a life cover of a USD 1,000,000 with a USD 250,000 critical illness benefit then the premiums may be approximately USD 2,601 per month for 10 years ... Read More This assumes that part of the premiums paid will earn a 5% rate of return. This is an assumed rate of return selected to serve as an example only and the returns can be lower as well. (The amounts of premium you have to pay for obtaining this coverage and the assumed rate of return are decided by Zurich International Life and not Citibank UAE).
  • In this case, no more premiums would need to be paid thereafter and coverage would last until you reach the age of 95. In case the premiums paid earn less than 5% you may need to contribute more premiums at a later stage
  • The policy has a 'cash value' after the first 24 months which means you have the option of surrendering your policy for a cash amount only after this time period is completed. The premiums paid in the first 24 months do not go into accumulating any cash value and are charged as fee and expense. After this time a part of the premiums is applied to the policy account and your cash value can start to accumulate.
International Term Assurance

Key Benefits

Key Benefits Pure life insurance

A pure life insurance product, premiums can be paid monthly to provide for financial protection for you and your loved ones. The product offers comprehensive life insurance with an option to add coverage for critical illness & disability.

Pure life insurance
  • Minimum age

    18 years old. The maximum term of the life cover is until you reach 80 years of age or 35 years from the date you purchase the plan, whichever comes first.

  • Minimum premium

    USD 50 per month

  • Product Provider

    This product is provided by Zurich International Life.

Overview Of Costs

  • The cost of insurance varies from person to person and depends on your health, lifestyle and other factors including the term the insurance coverage is required for.
  • As an example if a 35 year old male married smoker chooses a 20 year life cover of a USD 1,000,000 with a USD 250,000 Critical Illness benefit then the premiums may be approximately USD 304 per month. The amounts of premium you have to pay for obtaining this coverage are decided by Zurich International Life and not Citibank UAE.
My Life

Key Benefits

Key Benefits Insurance with investment options

My Life offers Life coverage with additional benefit for critical illness care and permanent disability and long term care costs arising from an illness or disability. Parts of the premiums you pay go towards the cost of insurance and the rest go towards underlying investments which may provide a return that can be used to fund the cost of Insurance. You may also get a discretionary loyalty bonus at the end of every 5 years if you keep paying your premiums regularly without a break. Such bonus is at all times subject to the sole and absolute discretion of Metlife Alico.

Insurance with investment options
  • Minimum age

    18 years old.

  • Minimum premium

    USD 1,200 per year.

  • Product Provider

    This product is provided by MetLife Alico. This product is not available for US Citizens or residents.

Overview Of Costs

  • The cost of insurance varies from person to person and depends on the client's health, lifestyle and other factors including the term the insurance coverage is required for.
  • As an example if a 35 year old married smoker male chooses a life cover of a USD 1,000,000 with a USD 250,000 critical illness benefit then the premiums may be approximately USD 2,253 per month for 10 years ... Read More This assumes that part of the premiums paid will earn a 5% rate of return. In this case, no more premiums would need to be paid thereafter and coverage would last until you reach the age of 95. In case the premiums paid earn less than 5% you may need to contribute more premiums at a later stage. The amounts of premium you have to pay for obtaining this coverage are decided by MetLife Alico and not Citibank UAE.
  • The policy has a cash value after the first 24 months which means that your policy can be surrendered partially or completely for a cash amount after the deduction of surrender charges. You may lose some or all of your premiums depending on when you decide to surrender.
Prestige for Life

Key Benefits

Key Benefits Insurance with guaranteed minimum rate of return

Prestige for Life is available for high net worth individuals who need a large amount of insurance protection. This product offers a guaranteed minimum rate of return of 2% on the premiums after deduction of the cost of insurance. This rate is guaranteed by Metlife Alico and Citibank UAE makes no guarantee in relation to the minimum rate of return.

Insurance with guaranteed minimum rate of return
  • Coverage options

    An exclusive life insurance plan combing the best of both worlds, the protection of life insurance with the added benefit of a secure investment plan.

  • Minimum age

    18 years old.

  • Minimum premium

    There is no minimum premiums however there is a minimum coverage amount you must opt for which is USD 2 Million of Life Insurance.

  • Product Provider

    This product is provided by MetLife Alico. This product is not available for US citizens or residents.

Overview Of Costs

  • The cost of insurance varies from person to person and depends on the client's health, lifestyle and other factors including the term the insurance coverage is required for, as an example if a 35 year old male married smoker chooses a life cover of a USD 2,000,000 then the premiums may be USD 439,119. This assumes that part of the premiums paid will earn a 5% rate of return, the remaining premiums will be the cost of Insurance and fees and administrative expenses. The amounts of premium you have to pay for obtaining this coverage are decided by MetLife Alico and not Citibank UAE.
  • The policy has a cash value which means that your policy can be surrendered partially or completely for a cash amount during the first 15 years after the deduction of surrender charges. You may lose some or all of your premiums depending on when you decide to surrender.
Insurance Calculator

How much Insurance cover do you need ?

The amount of insurance cover that you need depends on a number of factors- Your expenses, liabilities and the time that you need the cover for. Use our Insurance calculator to understand your needs by filling in 3 simple steps:

  • 1

    Your Long-term Commitments

  • 2

    Your Expenses

  • 3

    Duration of cover

Your Long-term Commitments

WHAT ARE YOUR LONG-TERM COMMITMENTS?

AED
AED
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Terms and Conditions

For all the above listed products, choosing a life cover is mandatory other coverage's are optional and come at an additional cost. The actual cost for the insurance depends on the coverage you choose and your current health and life style. AED 6 per day is for illustrative purposes using the minimum premium for International Term Assurance from Zurich. Actual premiums will vary.

You must be a Citibank customer to make a final purchase of these life insurance solutions distributed by Citibank UAE, however if you are not yet a customer then we can assist in opening your account subject to our terms and conditions (as well as other legal/internal requirements). The coverage and solutions described below are only available to residents of the UAE.

Insurance are subject to exclusions, special terms and conditions and medical underwriting requirements (as applicable) which are contained in the policy document. All insurance products are optional and underwritten by Insurers, subject to terms and conditions of each Policy. Citibank N.A. does not underwrite or issue insurance policies. Citibank N.A. is not responsible for rejection of any application and/or claim made to the insurer. Citibank N.A. provides customer support 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 any time. If cancelled within 30 days of enrollment, customers will be entitled to a refund of premium collected within that period  as per the terms and conditions of the plan, however, transfer charges may still apply. Unless specified, investment and insurance products are not bank deposits or obligations or guaranteed by Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries unless specifically stated. Investment, investment linked insurance and treasury products are not insured by government or governmental agencies. Investment, investment linked insurance and treasury products are subject to investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments, investment linked insurance and/or treasury products denominated in foreign (non-local) currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investors’ home currency. Investment, investment linked insurance and treasury products are not available to U.S. persons. All applications for investments, insurance,  investment linked insurance and treasury products are subject to terms and conditions of the individual insurance, investment,  investment linked insurance and treasury products. It is the customer’s responsibility to seek independent legal and/or tax advice regarding the legal and tax consequences of his/her investment, insurance and investment linked insurance transactions and decisions. If the customer changes residence, citizenship, nationality, or place of work, it is his/her responsibility to understand how his/her insurance,  investment linked insurance and/or investment is affected by such change and comply with all applicable laws and regulations as and when such becomes applicable. Customer understands that Citibank does not provide legal and/or tax advice and are not responsible for advising him/her on the laws pertaining to his/her insurance, investment,  investment linked insurance. In addition to terms and conditions of the aforementioned products, Citibank terms and conditions apply, are subject to change and can be found at www.citibank.ae. Please call our 24-Hour CitiPhone Banking Service on +971 4 3114 000 should you have any queries or complaints.