Credit Cover -Protection when you need it !

Bank Alfalah offers cardmembers a new and powerful protection against the uncertainties of life. In the unfortunate event of prolonged illness, disability or death, it’s reassuring to know that with Alfalah Credit Cover you have no cause to worry about your monthly credit card repayments. Alfalah Credit Cover has a range of features designed to protect you from the setbacks of life, at rates that are affordable.
 

Low Rates - High Protection

As an Alfalah Credit Cardmember (Basic cardmember up to the age of 65), you can protect yourself with Alfalah’s Credit Cover that offers you an unbelievable low rate of 0.50% of your outstanding amount in each monthly credit card statement as “Credit Cover Premium” to insure your credit balance.
 

Protection against Uncertainties

In the unfortunate event of terminal illness, permanent disability or death, your entire outstanding balance amount on your Alfalah Credit Card account will be waived without causing any inconvenience to your dear ones. Additionally, all supplementary credit card balances will also be waived. No worry-just peace of mind.

While You Recover - We will Cover

In the unfortunate event of temporary disablement due to an injury or illness for a period exceeding 45 days, we will pay the minimum outstanding payment on your Alfalah Credit Card. It’s just our way of ensuring that you enjoy complete peace of mind with flexibility.
 

Convenient and Hassle-free

Being automatically enrolled to the benefits of Credit Cover, you do not need to complete any forms or submit any applications for it. If you feel you do not need Credit Cover then simply call our 24-Hour Phone Banking Service on 111-225-111 to cancel.
 

All on the Statement

All transactions will appear under a separate heading stated as “Credit Cover Premium.” You will be charged 50 paisas per Rs. 100 of your statement balance each month.
 

Always There for You

Call us on 111-225-111 and we will assist you through the procedure and help you with all the necessary requirements. Our 24-Hour Phone Banking Service will make sure that you get complete peace of mind with the assurance of Alfalah Credit Cover.
 

Legalities

The rights and obligations of any cardmember subscribing to Alfalah Credit Cover will be governed by the definitions, terms and conditions given on the back of this form. By virtue of Credit Cover, Bank Alfalah aims to offer through an insurance company of its choice, certain protection to those cardmembers who are subscribing to Credit Cover in the event of death, prolonged illness, permanent, temporary or total disability.