Alternative Investments

ALTERNATIVE INVESTMENTS BUSINESS

 

Family Takaful

Takaful to help you protect those you love and look to the future with a strong sense of security. Stay covered and protected around the globe by choosing a customized plan according to your needs. With a little foresight and some advice income to your family can be guaranteed, If something happen to you

 

Your Plan can be used to:

  • Make up for lost income
  • Pay for children's education
  • Clear any outstanding loans or credit cards
  • Pay off the mortgage

 

       I.            Saving & Protection Plans

 

a)     Term Coverage

Pure Protection plan gives you the opportunity to protect your family’s dreams and wellbeing should your unexpected death occur.

This plan is affordable and offers a protection for your loved ones for a time period chosen by you provided you pay all your contributions.

This plan can be well suited for short-range goals such as Takaful coverage to pay off a financing so that your loved ones dreams are not at stake in the event anything unfortunate happens to you.

b)      Saving Plans

Saving plans designed to help you invest and save your money on a regular basis to meet your future financial needs. The plan offers various benefits

  • Get started with a minimum of AED 200 per month
  • Get life cover and critical illness
  • Global coverage
  • Affordable
  • Liquidity
  • Transparency
  • Choose your investment funds

c)     Education Plans

This plan designed to help you invest and save your money on a regular basis to meet your child’s future college educational expenses. The plan will protect you and your child from the covered unforeseen events that may occur to you or your child during the term of the plan. The company will pay a lump sum benefit in case of your death or disability and will ensure that the plan remains in force.

  • Monthly instalments starting from AED 200
  • Continued Savings
  • Both father and child are covered
  • Unmatched flexibility

d)     Whole of Life plans

It’s an investment-linked plan designed to provide cover for life. It provides Takaful cover which helps you to protect your loved ones financially for the whole of your life. The sum covered is paid to your loved ones following your death at any time. Highlights of the plan are as follows:

  • Lifelong protection
  • Plan available up to 99 years of age
  • Flexible payment options of Monthly, Quarterly, Semi Annual or Annual contributions
  • Minimum payment from as low as five years
  • Additional protection with the option to choose additional riders
  • Option to increase or decrease benefits at any contribution due date
  • Worldwide coverage
  • Inbuilt passive war risk

     II.            Medical Plans

 

a)     DHA Takaful

In line with the DHA’s rollout of mandatory health insurance Ajman bank, is offering Mandatory Insurance for Dubai Residency issuance and renewal. The insurance is for Individuals and specifically tailored for spouses, dependents and domestic/basic workers with residential visas in Dubai. The product is in line with the continued rollout of the Dubai Health Authority’s (DHA) mandatory health insurance scheme, which requires all Dubai visa holders to have access to medical insurance by 30 June 2016. The mandatory insurance provides visa sponsors with an affordable scheme which meets the DHA’s Essential Benefits Plan requirements for employees earning AED 4,000 or less per month as well as domestics workers such as housemaids, drivers, cooks, nannies and gardeners.

 

b)     Female Care Takaful plan

Female Care Takaful Plan is a Critical Illness plan designed to provide a lump sum Takaful benefit especially for the female customers by protecting against:

1.        First Ever Diagnosis of Female Cancer.

2.       Pregnancy Complications

Benefits of the plan:

  • Simple & Innovative Product.
  • High Takaful Benefit Amount – Up to AED 200,000.
  • Low Annual Takaful Contribution – Starting from AED 500 only.
  • 24/7 around the Clock Coverage.
  • Simple enrolment Process – No Medical Examinations.
  • Hassle Free Claims Settlement.

c)     Male Care Takaful Plan

Male Care Takaful Plan is a Critical Illness plan designed to provide a lump sump Takaful benefit especially for the male customers by protecting against:

1.        First Ever Diagnosis of Critical illness.

Benefits of the plan:

  • Simple & Innovative Product.
  • High Takaful Benefit Amount – Up to AED 200,000.
  • Low Annual Takaful Contribution – Starting from AED 500 only.
  • 24/7 around the Clock Coverage.
  • Simple Enrolment Process – No Medical Examinations.
  • Hassle Free Claims Settlement.

   III.            Embedded Products

 

a)     Invest in Peace

 

An opportunity to secure your investment and enjoy free Life Family Takaful Cover offered throughout the deposit* tenor!!

 

Invest in a Mudaraba or Wakala term deposit and receive a free Life Family Takaful Cover.

Additionally, customers with deposits of AED 1,000,000 and above will receive a free Travel Takaful Cover.

 

Eligibility Conditions:

  • Invest in a deposit of AED 100,000 or above and receive a free Life Takaful Cover equal to the amount of your deposit, up to an amount of AED 1,000,000.
  • Invest in a deposit of AED 1,000,000 or above and also receive a free Travel Takaful Cover for yourself and up to 5 family members.

 

*Limited period offer, starting 26th May 2016.

 

b)     Credit Shield

 

Credit Shield protection gives you the option to have the outstanding balance on your Credit Card waived in case of some unforeseen circumstances of loss of life due to any cause and permanent disability.

 

Ajman Bank also is offering the benefit of involuntary loss of employment and Critical illness cover along with the basic death and disability cover. The cover for the first two months will be free for the customers and it will be chargeable going forward.

 

Convenient Payment Option:

 

Once you enroll for Credit Shield, your subscription will be automatically renewed for a monthly fee of 0.6% of your monthly outstanding balance. The fee will be conveniently billed through your Credit Card. This amount will be reflected in your monthly Credit Card Statement.

 

The Benefits under the product:

1-        Death due to any cause (Death) and Permanent Total Disability (PTD)

In the event of the death or the Permanent Total Disablement of a cardholder due to injury or illness arising out of a cause not specifically excluded under this policy after the Commencement Date and during the policy period, Takaful Provider shall indemnify the bank the actual outstanding balance amount including accrued profit as at date of event subject to a maximum of AED 100,000/- per customer.

 

2-       Critical Illness

In the event of a Cardholder being diagnosed with one or more of the Critical illnesses covered after the commencement date and during the agreement period, Takaful Provider shall indemnify the Bank the actual outstanding balance amount including accrued profit as at the date of event subject to a maximum of 120% of the Credit Limit and subject to an overall cap of AED 100,000/- per customer. Critical illness covered under this section are; Heart Attack, Stroke, Kidney failure, Coronary Artery Bypass Surgery, Cancer, Major Organ Transplant and Multiple sclerosis

 

 

 

3-       Involuntary Loss of Employment (ILOE)

In the event of involuntary unemployment of a Cardholder after the commencement date and during the agreement period, Takaful Provider shall indemnify the Bank 10% of the actual outstanding balance as on the date of notice of termination served to the Cardholder, subject to a maximum of AED 4,000/- per month, subject to a maximum of 12 months, i.e. AED 48,000/- in all per Cardholder.

 

 

4-      Purchase Protection

In the event of a Covered Purchase being stolen or damaged means during the covered period Takaful Provider shall pay the amount of the Covered Purchase indicated on the Eligible account; or the actual cost to repair or replace the Covered Purchase with an item of like kind and quality.

 

5-       Extended Warranty

To indemnify the cardholders of the assured if the items purchased anywhere in the world with the aid of the Insured’s issued credit cards:

Would have been subject to a claim under the original manufacturer’s warranty, if the loss had occurred within the manufacturer’s warranty, if the loss had occurred within the manufacturer’s original warranty period. Period of this coverage would be the double the manufacturer’s warranty but no more than 24 months from the original date of purchase.

 

6-      Secure Wallet

In the event of the wallet of the Cardholder is being lost or stolen anywhere in the world; Takaful Provider will indemnify any loss other than those specifically excluded as a result of misuse of the Credit Card(s) issued within UAE in the wallet by any unauthorized person subject to a maximum of AED 10,000/- during the agreement period. However losses incurred within 48 hours prior to the time the wallet is reported lost or stolen only will be covered.

 

7-       Credit Card Travel Accident

In the event of any emergency medical expenses, Takaful provider will indemnify the card holder in respect of the emergency medical expenses consequent covered trip.

 

 

General Takaful

  1. 1.       Motor Takaful

Drive with peace of mind

Whether you need to insure your first car or renew your existing car insurance, Ajman bank is providing car insurance policies from the Best Takaful service providers in the market to suit your requirements and offer great product benefits.

 

Advantages

  • Easy payment plan
  • Comprehensive cover
  • Replacement of vehicle service at nominal cost
  • AAA , Road - side assistance 24 hours a day, 7 days a week, free of cost.
  • Fast claim processing
  • No deductible in case insured /driver is not at fault if claim is recoverable
  • Cover for injury to the Driver & to the Passengers
  • Door to Door car registration renewal service at nominal cost
  • Coverage is extended to include riots, strike and civil commotions
  • Off road cover for 4X4 Vehicles at nominal cost
  • Agency repair for two years from first registration as new subject to a satisfactory claim ratio

 

 

  1. 2.      Property All Risk Takaful

Buying is an overwhelming experience for individuals. The property all risk cover policy provides all risk coverage to property whilst situated at the described premises against loss and/or damage due to any accident or misfortune.

 

 

 

Apply Online

We are delighted to assist you in all your financials needs.

Please Select Option