The Bank may close the account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request of regulatory or judiciary entities.
Chequebooks and debit cards are issued only for AED-denominated accounts.
If a cheque issued on the account is returned, the following may apply:
You are required to:
In case of your unfortunate death, your chosen beneficiary can receive a lump sum payment (no limit for maximum cover).
If the Benefit is paid, the Plan ends.
In case of a diagnosis of terminal illness with a life expectancy of less than 12 months, you can receive a lump sum payment.
If the Benefit is paid, the Plan ends.
Accidental Death: In case of your unfortunate death due to an accident, your beneficiary can receive an additional lump sum payment.
Permanent and Total Disability: You can get a guaranteed lump sum payment in case of Permanent and Total Disability (PTD) due to accident or sickness. If PTD claim is paid, the Family Takaful cover will be reduced by the amount paid.
Waiver of Contribution: In case of unfortunate permanent and total disability, SALAMA will continue paying for all the remaining regular contributions to guarantee that the Plan remains in force.
Critical Illness: You can avail a guaranteed lump sum payment if you’re diagnosed with any of the 36 covered critical illnesses subject to a minimum survival period of one month. If critical illness claim is paid, the Family Takaful cover will be reduced by the amount paid.
Family Income Benefit: In case of your unfortunate death, this provides fix annuity payments to your family for a period chosen by you, between 1 and 40 years.
Hospitalisation Income Benefit: In case of your hospitalisation for a continuous period of over 3 days, you can get a fixed income payable for each day (up to 30 days per year).
Accidental Total or Partial Permanent Disability (Accidental Dismemberment Benefit): You can receive a guaranteed lump sum payment in case of Permanent Partial or Total Disability due to an accident. The benefit amount is scaled and is linked to a predetermined list of disabilities.
