Smart Assure

Smart Assure gives you the option to have the outstanding balance on your Credit Card waived off in case of some unforeseen circumstances loss of life due to accident or permanent disability. You will also be covered against "Loss of Employment" and will be provided cash benefit in case of hospitalization.

Up to AED 48,000 coverage

In the unfortunate event of involuntary loss of employment, Smart Assure covers the minimum monthly outstanding on your credit card up to a maximum of AED 4,000 per month for a maximum period of 12 months.

Up to AED 12,000 coverage

Smart Assure covers your medical expenses in the case of hospitalization for an amount of AED 200 per day for up to 60 days.

Death or Disablement Cover Up to AED 50,000

24 hours worldwide cover in case of permanent disability. This cover extends to the case of accidental death as well.

Terminal Illness

Pay-off 50% of outstanding Mashreq Bank credit card account balance up to a maximum of AED 25,000.

Claim Procedure

In case you need to launch a claim, simply dial 04 424 4444 within 30 days of the unforeseen event to seek assistance.

Claim Form For Smart Assurance

Contact Information

For any queries related to coverage, benefits, claims procedure or policy administration you may contact Oman Insurance Company at the toll free no. 800 4746.

Disclaimer: Mashreq Bank PSC is acting as a distributor for Pay Protect and shall not be responsible for the insurance company's actions or decisions nor shall Mashreq Bank PSC be liable regarding payment of claims under the policy/Insurance contract issued by Oman Insurance Co. The insurance feature of Smart Assure, Pay Protect, Pay Protect Lite (“Product”) is being provided by Oman Insurance Co. PSC (“OIC”) pursuant to terms and conditions of the insurance policy (“Insurance Policy”) found on this page. It must be noted that the Insurance Policy relating to this Product may be amended by OIC from time to time. The customer understands and acknowledges that any amendment or modification to the Insurance Policy will be updated on this page without further notice to the customer. The customer hereby confirms that it shall be its duty to be informed of the contents of the Insurance Policy (including any amendments thereof) at all times by visiting this page. For all intents and purposes, nothing contained on this page or Mashreqbank’s website and/or the Insurance Policy shall be deemed to create an agency, joint venture, amalgamation, partnership between Mashreqbank psc and OIC. OIC shall be solely responsible for any and all claims by the customer under the Insurance Policy and payout of any claims to the customer shall at all times be subject to the terms of the Insurance Policy provided by OIC, over which Mashreq exercise no control whatsoever.

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