Life Care Top Features Lifetime Protection Pay contributions for a limited term and get yourself covered for a lifetime (up to 99 years of age) Investment Opportunity Achieve your saving goals by investing in diverse funds available Maximum Flexibility Select the life Takaful benefit your family requires, your investment strategy and your contribution payment term Enhance your cover Variety of different optional benefits at minimal cost Plan Benefit A unit linked Takaful plan with investment opportunity Minimum Term5 yearsMaximum Term20 yearsMinimum Age at Entry18 yearsMaximum Age at Entry64 yearsMaximum Age at Maturity99 yearsMinimum Sum Assured AED 100,000Maximum Sum AssuredAED 30 millionMaturity Benefit100% of fund value at maturityDeath Benefit (inclusive)Single life: Sum assured of the time of death or the value of units, whichever is greater.Investment StrategyA choice to select from 38+ Sharia Compliant funds as per risk appetite. Inbuilt 'Passive War Risk'Yes (free of cost) - the death benefit will be paid on event of accidental death of primary life as a result of war or war like operations should the war take place in country of residence or suddenly starts following travel outside country of residence. Full Surrender of Takaful CertificateAllowed after 2 years from commencement of Takaful Certificate. Depends upon the term of Takaful Certificate. Surrender charges apply.Partial WithdrawalFollowing the payment of two (2) years Regular Contribution the Participant may in writing request a partial withdrawal from the PIA. The partial withdrawal will be subject to such minimum and maximum amount as the Company may form time to time determinePartial withdrawals can be made on an ad-hoc or regular basis. Regular partial withdrawals may be taken monthly, quarterly, half-yearly or yearly, provided the residual value of PIA is enough to pay the monthly Takaful Contributions to PRAfor at least twelve (12) monthsThe appropriate number of units equal to the value of the partial withdrawal amountand any charges applicable are cancelled using the Bid Price of the units of the relevant Fund(s) at the valuation date immediately following receipt of the request.Following a partial withdrawal the Company may at its discretion reduce the Takaful Benefits and a SupplementaryFree Look Period21 days after issuance of Takaful certificateGrace Period90 days from the last Contribution due dateMaximum Period for Takaful Certificate Reinstatement24 months from the first unpaid Contribution due date or lapsation whichever is laterContribution HolidayAfter the Takaful certificate has been in force for three Gregorian years the Participant may request in writing a Contribution Holiday for a maximum period of two years. The Contribution Holiday will be granted if the value the PIA is deemed, at the Company's discretion, to be sufficient to fund the payment of Takaful Contribution together with the fees and charges requiredunder this Takaful Certificate during the Contribution Holiday period. This option can be availed only twice during the term of this Takaful Certificateprovided the total cumulative Contribution Holiday period taken during theterm of this Takaful Certificate must not exceed three years. Scope of Cover Worldwide Minimum Contribution 500 AED per month Other Benefits Supplementary/Rider Benefit Description of CoverAdditional Level Term (ALT) This is an additional protection above the sum covered amount. ALT will be payable in case of death in addition to policy benefit (sum assured or PIA value whichever is higher).Accidental Death Benefit(ADB)This supplementary benefit provides additional cover on death resultingfrom accident.Permanent Total Disability (PTD), accelerated benefitThis benefit provides accelerated death benefit in case of total and permanent disability resulting from either accident or disease. The benefit shall paid in lump sum once the person covered is declaredPTD which prevents him/her from being employed ever again.This benefit is paid as part of the Death benefit in advance. Hence, afterpayment of a PTD benefit the amount of the cover on death is reduced accordingly.Permanent Total Disability (PTD), Additional BenefitThis benefit provides additional death benefit in case of total and permanent disability resulting from either accident or disease. The benefitshall be paid in lump sum once the person covered is declared PTD which prevents him/her from being employed ever again.This benefit is paid in addition to Death benefit. Hence, The benefit paid under this Rider will not reduce the amount of Death benefit.Waiver of Contribution(WC)This benefit is designed to provide cover against permanent and totaldisability, with the Plan Contributions being waived upon the Participantbecoming disabled. On approval of claim under this Rider, all other Supplementary Rider Benefits attached to the Takaful Certificate in respectof the said Covered Member shall automatically cease.Critical Illness (CI)This benefit is payable as a lump sum if a Participant/ covered member suffers from one of the covered CI. The amount shall be based on the Takaful death benefit and can be at most 50% of the Death benefit. The CI benefit is paid as part of the Death benefit in advance. Hence, afterpayment of a CI benefit the amount of the actual covered death benefitis reduced accordingly. Medical ExpensesThis Rider provides reimbursement of medical expenses in case theParticipant or Covered Member shall sustain bodily injury as a result of anaccident and as a result of such injury the Participant or Covered Memberhas incurred medical expenses. The medical expenses incurred up to the limit as set forth in the Takaful Certificate Schedule shall be paid, provided that such expenses shall be incurred within ninety (90) days from the date of accident. The benefit is paid upon receipt and approval of such proofs. Repatriation This Rider covers the cost of transporting the deceased to home country in case the Participant or Covered Member dies abroad. The benefit is paid in a fixed sumas set forth in the Takaful Certificate Schedule or endorsement issued thereafter. This Rider covers expenses incurred for returning the deceased's body to the place of residence in his home country, including the cost of embalming, coffinand and transportation of the deceased's body. Important Notes Only CBD customers with valid UAE/GCC visa are eligible to applyThe Takaful Certificate can be issued in the name of individuals onlyThe Contributions for the Life covered can be paid by a Third Party Required Documents Completed and signed application form Signed Illustration Passport Copy with valid UAE/ GCC residency visa Copy of standing order from (for payments by Account Debit) and Credit Card Authorization form (for payments by credit cards)Medical and/or Financial Questionnaire (If applicable) Any other document as required by Noor Takaful (as applicable) Eligibility Criteria CBD Individual Customers:With valid UAE/GCC nationality or residence visa FAQs How long does it take for a claim to be settled? Discharge receipt will be issued by Noor Takaful within 30 working days post receipt of the valid documents under all non-early claims. Claim amount will be provided post receipt of the signed discharge form. What documents are required to settle a death claim if client’s Death occurs outside the UAE? In case of death claim following documents are required: Copy of Death Certificate (attested by UAE Embassy in the country where the Death has occurred as well as Ministry of Foreign Affairs in UAE) Copy of Police Report (if necessary Copy of Succession Certificate Nominee Details Death Claim Form and other documents as maybe required by the Company case to case basis. * Noor Takaful may request for originals What documents are required in case of a maturity claim? To claim maturity we require: Original Takaful Certificate Document Passport Copy Visa Copy Who should be contacted in case of a claim? You can directly contact Noor Takaful PJSC in case a claim arises. The e-mail id is if.support@noortakaful.com contact no is +971 8006667. In case, client leave's UAE, what happens to the Status of the Takaful Certificate? The cover is worldwide and continues subject to receipt of regular Contribution, if you are planning to leave UAE, you to inform us about your new destination with updated contact details. What do you mean by cash value of the Takaful Certificate? The net asset value of all the units allocated to the PIA. The Cash Value at any point in time will be the sum of the value of units of each Fund allocated to the Takaful Certificate. The Cash value can be determined by multiplying the number of total units held by the prevalent Unit Price less the applicable Surrender Charges. Can I partially en-cash the Takaful Certificate? Partial encashment is possible after the 2nd year of the Takaful Certificate Can I have multiple beneficiaries? Can I change Beneficiary during the Takaful Certificate term? You can add and change beneficiaries anytime during the Takaful Certificate term; however, in case of minor below 18 years age, guardian must be notified. The beneficiary can also be chosen as per “UAE Shariah Law”. If the Takaful Certificate lapses, within how many months can it be re-instated? Reinstatement is allowed within 2 years from the first unpaid Contribution due date What are the riders currently available? Following riders are available for Takaful Certificate holder aged 18 years & above at additional cost Passive War Risk - (PWR) - In Built, no extra costAccidental death benefit ,Additional Level Term Death, Waiver of Contribution,Perm. Total Disability (Acc.)Perm. Total Disability (Add.)Critical Illness BenefitMedical ExpenseRepatriation Expense What is the grace period if Contribution payments are not made, before the Takaful Certificate lapses? The grace period for making payment is 90 days from the Contribution due date. Contributions up to 90 days No Health Questionnaire required After 90 days but within 180 days Health Questionnaire After 180 days Health Questionnaire + Medical examination as per Underwriting guidelines What would be the charges if I decide to surrender the plan? The Participant may withdraw the entire Cash Value by making a written request at any time before the Maturity Date of this Takaful Certificate. The Company will pay the Cash Value of the PIA. The Cash Value will be equal to the total number of units allocated to the PIA. The units are redeemed with reference to the Bid Price of the relevant Fund(s) at the next Valuation Date following the receipt of the request to Surrender. On receipt of such request this Takaful Certificate shall immediately cease. AED 100 will be a surrender charge The charges depend on the Contribution payment term that you selected for the plan: What will my family get in case of my Death? Sum assured at the time of death or the value of units, whichever is higher is paid to the beneficiary. How can I pay the renewal Contribution for my Takaful Certificate? Chose the payment method that suits you, you can pay it by Standing Order, Credit Card, Cheque & Third Party Payments allowed from Parents, Grand Parents, Spouse or Company. Can I pay all my Contributions in advance for the entire term of the Takaful Certificate? You have an option to select the Limited Payment terms for 5 year or above or equal to Plan term. How much life cover does this plan offer? Minimum Sum Assured is AED 100,000 Maximum Sum Assured is AED 30,000,000 What is the minimum Contribution for Noor Life Care? Minimum Contribution for Noor Life Care is 500 AED per month What is the term of Noor Life Care? Minimum plan term is 5 years till you reach the age of 99 years. What currencies are available in Noor Life Care? Noor Life Care is available in both AED and USD. What are the benefits of Noor Life Care? With Noor Life Care you will get: Wealth accumulation opportunities through investments in your choice of funds An option of whole of life cover along with a number of additional benefits that can help protect against the financial impact of severe illness and accident Flexibility to change the plan as your circumstances change Contribution payments for a limited period, and life cover and investment opportunity that can be continued for an extended period of time. What will I get on maturity of the Noor Life Care? On maturity of Noor Life Care you will receive Fund value. How frequently can I make Contribution to Noor Life Care? You can make them monthly, quarterly, half yearly or yearly. /Ad-hoc Payments can be made at the time of commencement or any time later for an active Takaful Certificate. What is the age requirement to apply for Noor Life Care? To apply for Life Care you should be between 18 years to 64 years old at entry and not exceeding 99 years at the maturity of the plan. What are the eligibility criteria to apply for Noor Life Care? To apply for Noor Life Care you should be: CBD customer with valid UAE or GCC residence visa. What is Noor Life Care? Noor Life Care is a unit linked plan that offers you savings, investment and protection all in one product. This product is designed not only to protect you and your savings during uncertain events, but also to ensure your peace of mind. Disclaimer This Product is offered by Noor Takaful PJSC for CBD Clients and is subject to their approval. Terms and Conditions of the Takaful Certificate shall apply. The Takaful cover shall only start after the issuance of Takaful Certificate by Noor Takaful. Details presented are for your information only. CBD is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Product / Covers being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the client taking the Takaful or beneficiaries or any others. SMS SPP to 4266 Call us Within UAE: 600575556 Outside UAE: +971 4 2112888 Visit us You are more than welcome to visit us. Find out your nearest branch. Select branch Jebal Ali BranchRas Al Khaimah BranchBaniyas BranchSheikh Zayed BranchAl Qusais BranchAjman Branch Al Ain Mall BranchMain BranchFujairah BranchSharjah BranchZayed The First, Abu Dhabi Branch Contact us We are always available for you, whether you have a query, suggestion or want to talk to us about our products and services. Contact Us Related Products Women Care Insurance plan specially designed for women A critical illness plan designed to cover 7 types of female specific cancers. Learn more Mustaqbali Shape your child’s future Save today for your child's tomorrow. Learn more Deposits Earn safe returns Would you like to earn attractive returns on funds that are parked in the bank? Learn more Other links Budget and Track Online Banking Mobile Banking SMS Banking Phone Banking For your convenience and enhanced experience, the CBD Mobile App is available for download via your app store. You can start using the app by using your online banking user ID and password. Download the Mobile App Now Proceed to Online Banking