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Job Loss Takaful

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Job Loss Takaful cover* for salary transferred customers of Dubai Islamic Bank that have obtained Personal /Auto Finance.

This Plan is applicable to Salary transfer customers of Dubai Islamic Bank who have obtained Personal or Auto Finance to ensure your peace of mind and to ease your financial stress in the event of Involuntary Loss of Employment (ILOE). The ILOE cover is offered with your Personal Finance or Motor finance to safeguard you. Should an unfortunate event of job loss happen, your monthly loan installments will be paid by SALAMA for a maximum of 6 months subject to maximum amount of AED 5,000 per month or until you are re-employed within the mentioned time period.

 

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Cover benefits

  • Accidental Death Benefit - AED 100,000.
  • Involuntary Loss of Employment - AED 5,000 per month for a maximum period of 6 months (maximum liability per covered member is limited to AED 30,000).

*No New Enrollments

Any Questions?

What is the job loss cover offered by DIB to Salary Transfer Customers having Personal finance and/or Motor finance?
This cover is designed to ensure your peace of mind and to ease your financial stress in the event of Involuntary Loss of Employment (ILOE). The ILOE cover is offered with your Personal Finance or Motor finance to safeguard you. Should an unfortunate event of job loss happen, your monthly loan installments will be paid by SALAMA for a maximum of 6 months subject to maximum amount of AED 5,000 per month or until you are re-employed within the mentioned time period.
Will the entire EMI amount be covered for 6 months in the event of job loss?
Personal Finance or Motor Finance EMI up to a maximum of AED 5000 per month will be covered for a maximum period of 6 months.
How does the Personal Accident Plan work?
Personal Accident cover is designed to provide financial help. An amount of AED 100,000 is payable to the family of deceased, in case of death caused by an accident.
Why Do I have to pay for both these benefits?
Personal Accident benefit covers you for AED 100,000 should a fatal accident take place. This benefit is offered along with ILOE benefits to all DIB Personal Finance and Motor Finance customers to safeguard your family from unwanted financial stress for only AED 15 a month (only 50 fils a day). With this small monthly payout, you are now availing a unique proposition that is rare to find in the UAE as it covers you for both Involuntary Loss of Employment as well as Accidental demise.
Who is the Takaful provider for the ILOE and Personal Accident benefits?
The Takaful provider is SALAMA-Islamic Arab Insurance Company, the oldest and largest Takaful Company of the World.
Whom do I need to contact for claims? Which number do I need to call?

Kindly be advised that claim related queries can be addressed at LifeClaims@salama.ae further our Contact no. 800 SALAMA

Does ILOE cover all forms of job loss?
The job loss cover is offered only in the event of an Involuntary Loss of Employment. That is, unemployment arising out of the sole decision of the employers to terminate the employment contract without giving any reason.
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