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RAKprotect
Life is full of surprises and it’s always best to expect the unexpected.
RAKprotect Personal Accident Insurance helps by giving you peace of mind and confidence in the knowledge that you’ll have the support you need for whatever life may bring.
RAKprotect offers a wide range of benefits that can be tailored to suit your needs and provides flexible options so that you can choose the insurance coverage you want.
| Scope of insurance cover | Plan 1 | Plan 2 | Plan 3 | Plan 4 | Plan 5* |
|---|---|---|---|---|---|
| Accidental Death | 100,000 | 200,000 | 300,000 | 400,000 | 500,000 |
| Permanent Total Disability | 100,000 | 200,000 | 300,000 | 400,000 | 500,000 |
| Permanent Partial Disability (as per continental scale) | 100,000 | 200,000 | 300,000 | 400,000 | 500,000 |
| Accidental Hospitalization Expenses | 8,000 | 12,000 | 15,000 | 20,000 | 25,000 |
| Repatriation | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
*Minimum monthly Salary requirement for RAKprotect Plan 5 is AED 25,000
Monthly Premium
| Plan | Premium |
|---|---|
| Plan 1 | AED 15 |
| Plan 2 | AED 26 |
| Plan 3 | AED 35 |
| Plan 4 | AED 45 |
| Plan 5 | AED 65 |
Other Salient feature include:
- Hassle free enrolment process
- Payment mode: Credit Card
- Payment frequency: Monthly
Eligibility:
- UAE Residents
- Adult: 18 and 70 years of age but restricted to 65 years at the time of enrollment
- Maximum age at coverage is 70 years
Disclaimer:
Insurance is offered by Oman Insurance Company (P.S.C) for RAKBANK customers and is subject to their approval. Terms and Conditions of the Insurance 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 Insurance 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 Insurance. Special offers are for a limited period and may be discontinued or modified without notice.
Disclaimer: 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
