Providing protection to family members is no more a major expense or a big ticket item as National Bonds introduces innovative family financial protection plans that offer up to one million-dirham cover with premiums starting from as low as 50 fils a day.

In line with its mission of empowering customers to take control of their financial futures, the leading Shariah-compliant saving scheme in the UAE has announced the launch of a diverse range of Islamic Insurance Plans starting from 50 fils a day.

The plans, which are designed to provide lifestyle protection, are structured to safeguard customers and their loved ones against accidents, critical illness, disabilities and death.

The comprehensive insurance plans provide support for all members of the family across a wide range of difficult situations, ensuring that their families will be able to cope with any financial hardship if the customers are no longer there to take care of them.

The Shariah-compliant ‘Family Financial Protection Plans’, are underwritten by Abu Dhabi National Takaful Company, one of the region’s leading Islamic insurance (Takaful) companies, and distributed without the provision of any medical examinations thus offering customers the convenience of simple and quick enrollment.

“National Bonds has always prioritised customers’ needs and focused on the importance of their financial security in case of unexpected events. With this in mind, we constantly aim to provide our customers with various offerings that will give them peace of mind when planning their future,” Mohammed Qasim Al Ali, chief executive officer of National Bonds Corporation, said.

“By combining our expertise in designing value added products and services with National Bonds customer relationships and distribution capabilities, we are convinced that this strategic alliance will lead the way to the successful growth and development of the Islamic insurance products and services market in the UAE,” Osama Abdeen, chief executive officer of Abu Dhabi National Takaful Company, said.

Parents can secure the educational future of their children should any accident happen to the caretaker with the “Child Education Continuity Plan” under which the child’s educational expenses will be covered for up to five years on an annual basis with a maximum allowance of Dh200,000, while females can benefit from a protection plan against a first diagnosis of Breast Cancer with a coverage plan up to Dh200,000, covering treatments and medical expenses if they sign up for the “Female Care Protection Plan.”

Moreover, family caretakers can safeguard their families’ future with the “Family Income Protection Plan” which ensures their families continue to receive a monthly source of income in case of any accident to the caretaker. The plan offers three protection options under which the benefit will be paid as a monthly income per month for one year with a maximum total cover of Dh240,000.

The Maid’s Accident Protection Plan will ensure that the sponsored domestic help of the customer is protected against death due to accident, disability due to accident, emergency hospital and surgical expenses due to accident and repatriations expenses up to the benefit limits of the plan with a maximum cover of Dh35,000.