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:
Overview of 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-SME||Fee (AED) / month|
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 more*:
Concierge services and 24 hours roadside assistance brought to you by Derby, in conjunction with Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.S.C.).
|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||
|2 services of pick-up or drop for car servicing||
|Vehicle registration pick up and drop service once a year||
|Airport Transfer service||
|24 hours Rent a Car service||
|Discount on International Driving License service fee||
(Charges may apply)
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.
Eligibility Criteria for RAKvalue - SME:
- 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.