Covers your outstanding balance in the event of Death or Total & Permanent Disablement or upon diagnosis of any one of the 30 Critical Illnesses. Pay only as you use.
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INSURANCE SOLUTIONS
Credit Insure
Credit Insure
We regret to inform you that Credit Insure is no longer available for new sign-ups. You may consider Credit Insure Gold, which details are available below.
If you are a current policyholder of CreditShield (now known as Credit Insure). please be assured that your existing cover will not be affected and your cover has been enhanced with effect from 1 September 2015. Please refer to the revised Certificate of Nomination for the updated policy terms.
Everything you need to know
- Benefits
- Fees, Charges & Claims
- 1. Pays 4 times of your Citibank Ready Credit and/or Credit Card balance in the event of Death or Total and Permanent Disablement.
- Up to S$160,000 or 4.8 times your credit limit, whichever is lower
- 2. Upon payment of a Death Benefit, an amount (2 x Indebtedness as at date of Death, subject to a cap of S$80,000 or 2.4 times of your credit limit, whichever is lower) for Funeral Expenses will be paid.
- 3. Pays 2 times of your Citibank Ready Credit and/or Credit Card balance upon diagnosis of one of the 30 Critical illnesses*.
- Up to S$80,000 or 2.4 times your credit limit, whichever is lower
- 4. Pays you or your estate, the remainder (if any) of the insurance payout after deducting your outstanding balance and any other amounts owing to Citibank.
- 5. Pays you the minimum amount due on your nominated account in the event of Total and Temporary Disablement for as long as you qualify
- Up to S$160,000 or 4.8 times your credit limit, whichever is lower
- 6. Your premiums will be waived in the event of Total and Temporary Disablement (after you suffer from Total and Temporary Disablement for a continuous period of at least 30 days and for the period that you are receiving Total and Temporary Disablement Benefit payments).
$0.36 for every $100 of the outstanding balance (which is the sum of the closing balance including unbilled installments) on your Ready Credit and/or Credit Card statement. There is no charge if there is no closing balance for that month.
Download claims form:
Click here for Total & Temporary/Permanent Disablement Claim form.
Click here for Critical Illness Claim form.
Click here for Death Claim form.
Please complete the applicable claim form and submit directly to AIA Singapore Private Limited together with the required documents as indicated in such claim form.
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At Citi, we understand your aspirations and wealth goals evolve over time. That is why we offer a range of wealth advisory as well as products and solutions to suit your changing needs.
Citigold
Singapore Clients: AUM S$250,000 to < S$1.5 Million
IPB Clients: AUM US $200,000 to < US $1 Million
- Be supported by a dedicated Relationship Manager and team of specialists
- Set, track and modify your goals with the Total Wealth Advisor tool
- Manage your wealth on-the-go with the Citi Mobile® App
- Enjoy preferential rates and lifestyle privileges curated for you
- Be invited to market outlook and bespoke lifestyle events
Citigold Private Client
Singapore Clients: AUM S$1.5 Million and above
IPB Clients: AUM US $1 Million and above
- Be supported by a dedicated Senior Relationship Manager and team of senior specialists
- Gain access to a range of portfolio management and digital wealth tools, and enjoy preferential rates
- Manage your wealth on-the-go with the Citi Mobile® App
- Relish in a broad range of travel and lifestyle privileges
- Be invited to market outlook and bespoke lifestyle events
Disclaimers and Remarks
- Please refer to the AIA Credit Insure Sample Certificate of Nomination for the full terms, conditions and exclusions of Credit Insure underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("AIA").
- For existing Credit Insure customers: Please be informed that with effect from 1 Feb 2022, your insurer for Credit Insure is changed from Manulife (Singapore) Pte Ltd to AIA. Kindly note that: (i) the reinstatement option is removed, meaning that your policy cannot be reinstated after it is terminated and you will have to sign up a new application; and (ii) a time limit is imposed for claim submission and proof of loss, which must be filed within 365 days after the date of loss. All other policy terms and conditions remain unchanged.
Credit Insure is an insurance policy underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) ("AIA") and distributed by Citibank Singapore Limited (“Citibank”). Insurance products are not bank deposits or obligations of or guaranteed by Citibank or its related entities.
Credit Insure is a group insurance policy between AIA and Citibank, with Citibank being the group policyholder. This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for this policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact AIA or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This is only general product information, is not exhaustive and does not constitute a contract of insurance. Please refer to the Certificate of Nomination for the policy terms and conditions and exclusions.
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