According to Citigroup, its Credit Plus insurance program is a unique service that protects Citibank loan customers against a host of risks including, for the first time in the UAE, the involuntary loss of employment.
The coverage program provides a fixed daily amount for hospitalization, and monthly payments for involuntary loss of full-time employment caused by business closure or company layoffs.
Furthermore, Credit Plus covers outstanding balances against permanent and temporary total disability, and against death with an additional flat benefit of $5,000 payable to the assigned beneficiary.
The bank says that subscription to Credit Plus requires no medical examinations, while premiums are very competitive and represent only a fraction of the loan amount.
