Income Shield Insurance

High cover,

affordable premiums

Indemnity

for loss of life

Cover

for permanent disability

Coverage of AED 1 M+

for just AED 95 a month

Financial support and important protection when you need it.

In the event of total and permanent disability due to an accident continuing for more than 12 months, you can expect a lump-sum amount and a monthly benefit for 20 years.

Total permanent disability cover supporting you and your loved ones

Income Shield offers support in the event of total and permanent disability due to an accident. When disability has continued for a period of twelve (12) consecutive months, the insurance provider MetLife will pay a lump- sum amount and a monthly benefit for 20 years ( 240 months).

Loss of life indemnity

Income Shield covers loss of life due to accident, and provides a lump-sum coverage amount and a monthly benefit for 20 years (240 months).

Big Cover for small premiums

You can be covered for over AED 1 million for as little as just AED 95 per month.

Features

Flexible payments

Pay your premiums on a monthly basis, there’s no need to pay your premiums annually. Pay at your convenience

Low premiums

Premiums are conveniently low and start at as little as AED 16 per month.

Convenient cover options

Choose the cover that suits your needs. Select from a comprehensive choice of 6 tiers.

Provided By

Income Shield is provided by MetLife

The insurance coverage that the policy provides shall be at all times subject to the terms and conditions of the policy contract issued by MetLife.

Transparency

Claims process

To find out more, click here.

Disclaimer
Takaful/Insurance products are offered by renowned international and regional Takaful/ Insurance companies. All product features, benefits, and returns are offered by the Takaful/Insurance company and not by Mashreqbank psc. Mashreqbank psc shall not be responsible for Takaful/Insurance provider's actions or decisions, nor shall Mashreqbank psc be liable regarding payment of loss/claims or services under the Takaful/Insurance contract. Terms and Conditions apply. *0% Easy Payment Plan for up to 6 months is valid on purchase of comprehensive policies through Mashreq credit card only. Insurance is the subject matter of solicitation. Mashreqbank psc is the authorized distributor (as a broker on per sale, commission basis) for Salama Islamic Arab Insurance company, Sukoon Takaful, Sukoon Insurance Company, Qatar Insurance Company, Orient Insurance PJSC, Al Ittihad Al Watani Insurance Company & GIG GULF. Participation for purchase of Takaful/Insurance by Mashreq customers shall be purely on voluntary basis. For complete details on the benefits, coverage, terms & conditions and exclusions, customer is advised to read the Key Fact Statement, Terms & Condition (available on Insurer’s website as well) before concluding sale. Customer understands that, to issue the policy, Personal information collected in the sales process, has to be shared with Takaful/ Insurance company. The contract of Takaful/Insurance is between Takaful/Insurance Company and the insured, and not between Mashreq and the insured. Sukoon Insurance is a subsidiary of Mashreq. Sukoon Insurance is a key stakeholder in Sukoon Takaful. Mashreq Al Islami is the Islamic Window of Mashreqbank PSC.

Still got questions?

: It is an accidental insurance plan underwritten by MetLife that pays a lump sum amount and a monthly payment for 240 months to you or your designated beneficiary as stated in the Schedule of Benefits.
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: It provides insurance cover in the event of:

Loss of life due to accident

Permanent total disability due to accident

Dismemberment, loss of sight and hearing due to accident

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: The plan is available for customers who are between the ages of 18 to 64 years, holding a valid UAE residence Visa and having Mashreq relationship.
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: Spouse means the Insured Person’s legally married husband or wife between the ages of 18 to 64 years and is named in the Certificate of Insurance.
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: You can continue the policy until you are 70 years old.
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: Income Shield provides a 24 hrs worldwide cover except sanctioned countries. Below mentioned is the current Sanctioned countries list: (Subject to changes*) and high risk countries which are Iraq & Afghanistan.

Iran

North Korea

Cuba

Syria

Crimea region

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: Please note that MetLife will NOT provide COVERAGE AND/OR PAYMENT under the Policy and/or any Supplementary Contract if the policyholder, insured, or person entitled to receive such payment is residing in any sanctioned country or claiming the payment for any services received in any sanctioned country.
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: A grace period of thirty (30) calendar days will be granted for the payment of each premium falling due, during which time the policy shall be continued in force, however the policy will terminate if the premium is not paid within the grace period.
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: Some of the exclusions under the policy are:

Intentionally self-inflicted Injury/suicide.

Active participation in terrorism.

Nuclear/Biological/Chemical radiation

Alcohol/Narcotics

For detailed information about exclusions refer to the policy Terms & Conditions.
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: You can cancel the policy at any time. The cancellation request can be placed by calling +9714 415 4777 or by sending an email to MetLife_DtC.Gulf@metlife.ae and there will be no requirement to fill any form for the policy cancellation.
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: You or your beneficiary can submit the claims request through the MetLife website (metlife.ae). After receiving the request, one of MetLife’s claims representatives will coordinate with you to process the claim.
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