Dubai Islamic Bank (DIB) announced today the launch of Al Islami Takaful Riayati, a comprehensive accidental death and disability insurance plan offered at a very affordable annual premium. This innovative Sharia-compliant product is underwritten by SALAMA-Islamic Arab Insurance Company, and complements the bank’s existing portfolio of diverse products and services.
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 AED 250 for an individual, and AED 400 for a plan holder plus spouse, this unique programme is within everyone’s reach.
The coverage offered by Al Islami Takaful Riayati includes family takaful benefit of AED 100,000 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 .
“The importance of the peace of mind that comes with having arranged some security for family in the case of unforeseen events cannot be undermined. We are very pleased that the Al Islami Takaful Riayati product provides just that - peace of mind at a price that is easily affordable,” said Dr. Adnan Chilwan, Chief of Retail and Business Banking, Dubai Islamic Bank. “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!
“Takaful programmes are based on the Islamic principles of cooperation and shared responsibility, reflecting the underlying values of DIB, the world’s first Islamic bank”, Chilwan added. “We encourage all our customers to avail of Al Islami Takaful Riayati, so that they can benefit from the peace of mind that comes with a sense of security for loved ones.”
