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UOB Credit Shield offers you financial protection in case of death, total or permanent disability (TPD) or on diagnosis with any of the covered 36 diseases. The Credit Shield will cover any outstanding UOB Credit Card balances in such instances and prevent the financial burden from passing on to your loved ones. Depending on the type of card held by, the UOB Credit Shield offers varying amounts of cover.
Features and benefits of UOB Credit Shield
- The facility provides cover on outstanding credit card dues in case of death or permanent disability.
- Both principal and supplementary credit cards can be secured under the coverage.
- You can obtain a cover of up to RM300,000 under the UOB Credit Shield facility.
- The facility also provides you a cover against 36 defined critical illnesses.
- Any finance charges and late payment charges against a credit card are also covered under the UOB Credit Shield.
- A 24-hour call centre is available for any assistance regarding the facility.
Coverages under UOB Credit Shield
- Death, Total Permanent Disability (TPD) or diagnosis of the 36 Critical Illness
- Temporary Total Disability (TTD)
Maximum limit of outstanding liabilities covered (On Death, Total Permanent Disability (TPD) or diagnosis of the 36 Critical Illness)
Against both principal and supplementary credit card of the Life Assured, the payable limit of outstanding sum inclusive of late payment charges and finance charges (if applicable), is shown in the table below. The cover is applicable on death, total and permanent disability, and covered critical illnesses.
|Card(s) Type||Maximum Amount Limit|
|Single Classic or Gold Credit Card||RM50,000|
|Multiple Classic and/or Gold Credit Cards||RM100,000|
|Single Platinum Credit Card||RM300,000|
|Multiple Platinum Credit Cards||RM300,000|
|Single Platinum Credit Card and Classic and/or Gold Credit Card||RM300,000|
Outstanding payable limit chart (On Temporary Total Disability (TTD))
In case of Temporary Total Disability (TTD), an insurer can get a cover as per the description given in the chart. The UOB Credit Shield covers outstanding liabilities that include late payment fees and finances charges for up to 5% or up to 20 monthly payments per lifetime as per the limit given below:
|Credit Card(s) Type||Maximum cover||Cumulative maximum cover of Each Policy Year|
|Single Classic or Gold Credit Card||RM5,000||RM50,000|
|Multiple Classic and/or Gold Credit Cards||RM5,000||RM50,000|
|Single Platinum Credit Card||RM15,000||RM150,000|
|Multiple Platinum Credit Cards||RM15,000||RM150,000|
|Single Platinum Credit Card and Classic and/or Gold Credit Card||RM15,000||RM150,000|