SABB Bank is launching a new free Credit Protection Plan to replace their existing Credit Shield coverage for credit card customers. All credit cardholders will be automatically enrolled in the new plan at no cost. The plan provides life insurance coverage of 100% of outstanding balances up to SAR 50,000 for classic/silver cards and up to SAR 75,000 for gold, platinum, advance, and premier cards, with an overall maximum of SAR 100,000 across all cards for each primary cardholder.
SABB Bank is launching a new free Credit Protection Plan to replace their existing Credit Shield coverage for credit card customers. All credit cardholders will be automatically enrolled in the new plan at no cost. The plan provides life insurance coverage of 100% of outstanding balances up to SAR 50,000 for classic/silver cards and up to SAR 75,000 for gold, platinum, advance, and premier cards, with an overall maximum of SAR 100,000 across all cards for each primary cardholder.
SABB Bank is launching a new free Credit Protection Plan to replace their existing Credit Shield coverage for credit card customers. All credit cardholders will be automatically enrolled in the new plan at no cost. The plan provides life insurance coverage of 100% of outstanding balances up to SAR 50,000 for classic/silver cards and up to SAR 75,000 for gold, platinum, advance, and premier cards, with an overall maximum of SAR 100,000 across all cards for each primary cardholder.
Launch of the FREE, all-new SABB Credit Card Credit Protection Plan
and cancellation of SABB Takaful Credit Shield Protection.
We are pleased to announce the launch of the FREE, all-new SABB Credit Card Credit Protection Plan with effect from 1 January 2013. This cover will effectively replace the existing SABB Takaful Credit Shield feature and all our valued Credit Card customers will be enrolled automatically. Whats more, SABB is proud to be the rst bank in the Kingdom to provide such a service absolutely free of charge to its customers. Please nd the coverage limits below. More details will be available soon. n Classic/Silver cardholders: 100% of the outstanding balance up to SAR 50,000 n Gold, Platinum, Advance & Premier: 100% of the outstanding balance up to SAR 75,000 Note: Credit Protection is limited to an aggregate limit of SAR 100,000 on all types of Credit Cards held by the Primary Cardholder.