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Advantage Plus

We cannot predict what the future holds, therefore it is vital that we plan for all eventualities. Now, for a relatively low cost, you can make sure that your loved ones will be provided for in case the unexpected happens. If maintaining your family’s standards of living at all times is your goal, then Advantage Plus is the first step.


Valuable addition to your family’s Financial Planning:

Advantage Plus provides an affordable solution to cover an existing financial commitment like a loan and ensure that your family can pay-off all of your liabilities in case of unforeseen incidents.


Term Insurance provides high coverage levels at the lowest costs. Through topping-up your existing coverage you can provide your family with more financial protection.


Natural Death In case of Natural Death, the Sum Assured will be paid to the beneficiary
Accidental Death In case of loss of life due to Accident, the Sum Assured will be paid to the beneficiary 
Common Carrier

In case of loss of life due to Accident while on a Common Carrier (public passenger transport outside UAE), the Sum Assured will be paid to the beneficiary.



Benefits Bronze Silver Gold Titanium
Natural Death  150,000 200,000  250,000 300,000
Accidental Death 120,000 240,000 480,000 720,000
AD on Common Carrier 360,000 720,000 1,440,000 2,160,000
Annual Premium 387 581 873 1,167
Monthly Premium 32     49 73 97

Insurance is offered by METLIFE to RAKBANK customers and is subject to their approval. Terms and Conditions of the Insurance policy shall apply. RAKBANK is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Insurance being offered by METLIFE 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 Insurance.

In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.

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