‘Pay as you Go’ Protection plan

INSURANCE - PAY AS YOU GO

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Every life has a financial value linked to it, be it a businessperson, employee or housewife. Our ‘Pay as you Go’ International Term Assurance plan helps you ensure that unforeseen circumstances such as the early demise of the earning family member or the diagnosis of any critical ailments of a family member do not impact you financially, and help you maintain your current lifestyle.

This term life insurance plan offers you the choice of a benefit period ranging from 5 years upto 35 years from the time of policy subscription (policy term).

Life cover benefits include a lump sum payment on your death or diagnosis of terminal illness during the policy term.

  • Allow your family to clear outstanding debts, if any
  • Provide an adequate income for your dependents to pay for living expenses, school fees, child care and regular bills
  • Protect your business in case of demise of a key person or principal
  • Provide a cash deposit to the estate, which may prevent other assets being sold

Critical illness benefit may be used to:

  • Provide funds to allow a family member to give up work to care for you or to fund other home care;
  • Allow you to repay debts
  • Pay for any major renovations required to your home (e.g. to permit wheelchair access)
  • Provide an adequate income for you to pay for ongoing living expenses
  • Protect your business if a key person or principal is critically ill

International Term Assurance is underwritten by Zurich International Life and Citibank is a distributor.

Citibank N.A. will not be responsible for the rejection of any application/claim under this policy. Citibank N.A. does not underwrite or issue insurance policies. Citibank N.A. provides customer support by way of receiving payments from the customers and forwarding them to Zurich International Life, in addition to making such insurance products available to its customers. Premiums contributed by the Customer under this policy are not bank deposits or any other obligation of, or guaranteed by Citibank N.A., Citigroup or any of their affiliates and are subject to risks and possible loss of the principal amount invested.

Insurance products are subject to exclusions, special terms and conditions, medical underwriting requirements (as applicable) which are contained in the policy document. Insurance products are optional and underwritten by insurers, subject to the terms and conditions of each policy. Citibank N.A. does not underwrite or issue insurance policies. Citibank N.A. is not responsible for rejection of any application and/or claim made to the insurer . Citibank N.A. provides customer support by way of receiving payments from the customer and forwarding them to the Insurer, in addition to making such insurance products available to the customers. Policies can be cancelled at any time. If the policy is cancelled within the free-look period, which is 30 days from the date policy issuance, customers will be entitled to a refund of premium collected within that period as per the terms and conditions of the plan, but transfer charges may apply. For cancellations after the free-look period, there will be no refund of premiums paid as this policy is not a savings plan and does not acquire a cash value. In addition to terms and conditions of the insurer under each policy, Citibank Terms and Conditions apply and are subject to change. Please call our 24-Hour CitiPhone Banking Service on +971 4 311 4000 should you have any queries or complaints