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RAKvalue - SME

RAKvalue - SME brings to you two sets of carefully selected benefits that give you unmatched savings, convenience and privileges. For a nominal monthly recurring fee you can add any one of these two collections to your AED Business Account and get ready to enjoy an amazing range of Banking, Takaful and Lifestyle benefits:

 

Banking Benefits Plus RAKvalue Max RAKvalue
International Remittance per month (Waiver of RAKBANK charges only) 4 4
Preferential Buying and Selling rate on USD    
Local Non-RAKBANK ATM (UAE) Cash Withdrawals per month   5
Domestic Remittance per month (waiver of RAKBANK charges only)   2
Local Card Payment Remittance per month (waiver of RAKBANK charges only)   2
Manager’s Cheque or Demand Draft issuance per month   1
Free cheque collection from home for RAKBANK Account deposit or towards Credit Card*** payment every month   1

*** Credit Cards are issued by RAK Islamic Finance Company (Pvt. J.S.C), a subsidiary of RAKBANK

 

Takaful Benefits* Plus RAKvalue Max RAKvalue
Life Takaful Cover for up to 3 authorised signatories AED 25,000 per signatory AED 25,000 per signatory
Secure Wallet Cover for up to 3 authorised signatories AED 10,000 per signatory AED 10,000 per signatory
Travel Takaful benefit with all-inclusive worldwide cover for up to 3 authorised signatories, spouse and up to 3 children each    
Motor Takaful discount of AED 100 for up to 4 vehicles** under company name    

**Car value to be greater than or equal to AED 75,000

 

Lifestyle Benefits* Plus RAKvalue Max RAKvalue
Complimentary Derby Concierge Services (Including Roadside Assistance)    
RAKvalue Offers    
RAKvalue-SME                                         Fee (AED) / month
Plus                                         120
Max                                         170

The fees for your selected RAKvalue will be immediately debited from the Account as per the duly signed Debit Authority and recurring fees would be debited/charged on the 25th of every subsequent month as per the duly signed Standing Instructions provided by the Customer to the Bank.

  • Up to 3 authorised signatories of the company can enjoy a worldwide Life Takaful cover payable upon death due to any cause.
  • Authorised Signatory must be between the ages of 21-65 and a resident of the UAE to be eligible for cover.

Secure Wallet provides worldwide Takaful cover up to an aggregate of AED 10,000 for misuse of MasterCard® and Visa, both Debit and Credit Cards issued within UAE if stolen or lost. This cover is available for up to 3 authorised signatories of the company.

Up to 3 authorised signatories, spouse, and a maximum of three children each, is covered with an all-inclusive annual worldwide Travel Takaful cover for up to 90 days per trip.

Benefits (All Amounts are in USD) Plus / Max RAKvalue
Death or Permanent Total Disablement or Dismemberment 30,000 per person 2,500 per child
Emergency Medical, legal and referral services 150,000 per person
Repatriation of mortal remains 15,000 per family
Emergency medical expenses 150,000 subject to an excess of 150 per family
Hospital Daily Benefit 150 per day per family
Cancellation and Curtailment of Trip 2,500 per family
Travel Delay 250 per hour per family
Delayed Baggage 250 per hour per family
Loss of Personal Baggage 5,000 per family
Loss of Personal Money 1,500 per family
Loss of Passport 1,000 per family
Personal Liability 1,000,000 per family

For claim related and other enquiries, customers can directly contact Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.S.C.) on 04 3787507.

Concierge services and 24 hours roadside assistance brought to you by Derby, in conjunction with Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.S.C.).

 

Benefit Plus/Max RAKvalue
Roadside Assistance service (free for up to 4 vehicles registered under individual or company name) is provided within the borders of the Emirate in UAE and Oman
  • Battery Boost Service
  • Emergency Fuel Service
  • Lockout Service
  • Flat Tyre Service
  • Towing Service
  • Mechanical Repair Service
2 services of pick-up or drop for car servicing
  • Free for up to 4 vehicles registered under individual or company name
Vehicle registration pick up and drop service once a year
  • Free for up to 4 vehicles registered under individual or company name
Airport Transfer service
  • Free – 6 Trips within UAE and India
24 hours Rent a Car service
  • Up to 10% discount
Discount on International Driving License service fee
  • 10% discount
Concierge Services

(Charges may apply)
  • Hotel discounts – worldwide
  • Marhaba service (Meet and Greet Service at Airport)
  • Courier service
  • Utility purchase assistance – 2 services in a month, including DEWA bill payments, purchase of Salik & mobile recharge cards, movies, concerts, plays ticket bookings and Visa submission
  • Virtual secretary
  • Translation services
  • Gym membership

Every month, you will receive a monthly email newsletter with details of the offers that have been specially sourced for you across business related services, Dining, Retail, Entertainment & Wellness to redeem at the outlets. You can print and present your deal voucher at the merchant outlet and redeem the deal.

  • Authorised Signatory must be 21 years or above
  • Companies must have a valid trade license
  • RAKvalue - SME is only offered with an AED Business Account
  • Life and Travel Takaful benefits are offered up to the age of 65 years
  • All Takaful covers are for UAE residents only

*Takaful is offered by Dubai Islamic Insurance & Reinsurance Co. (AMAN) (P.S.C) for RAKBANK customers and is subject to their approval. Terms and Conditions of the Takaful Policy shall apply. This is for your information only and RAKBANK is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Takaful being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the customer taking the Takaful.

*Note: Verification Image text is case sensitive

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