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Dubai Islamic Bank Unveils Shariah-compliant Product
DUBAI - Dubai Islamic Bank, or DIB, launches a new Shariah-compliant insurance product that provides accidental cover of Dh100,000 at low annual premium.
The product called: ‘Al Islami Takaful Riayati’, an accidental death and disability insurance plan, is underwritten by SALAMA-Islamic Arab Insurance Company, and complements the bank’s existing portfolio of different products and services.
“Al Islami Takaful Riayati has been designed keeping everyone in mind. Therefore, it is not only affordable, but also extremely simple and convenient. Customers can walk into any DIB branch and walk out with their policy and the peace of mind that they are instantaneously covered - it is that simple!” DIB Chief of Retail and Business Banking Dr Adnan Chilwan said.
The coverage offered by Al Islami Takaful Riayati includes family takaful benefit of Dh100,000 in the event of accidental death, or permanent total or partial disability caused by an accident. Additionally, plan holders are eligible for weekly benefits in the unfortunate event of temporary total disability due to an accident, as well as the reimbursement of medical expenses, including hospital stays and repatriation/transportation of the body.
Al Islami Takaful Riayati offers peace of mind to individuals and families by providing significant benefits in the unfortunate event of accidental death or disability. With annual contributions payable at just Dh250 for an individual, and Dh400 for a plan holder plus spouse, this unique programme is within everyone’s reach.
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