Credit Shield definition
Examples of Credit Shield in a sentence
Credit Shield protection gives you the option to have the outstanding balance on your Credit Card waived in case of some unforeseen circumstances of loss of life due to any cause and permanent disability.
In the event that the Cardholder opts for coverage under the Credit Shield Insurance coverage, the coverage shall automatically commence from the commencement date.
Credit Shield covers your near ones from the repayment burden in an unfortunate event of loss of life in a mishap.
Once you enroll for Credit Shield, your subscription will be automatically renewed for a monthly fee of 0.95% of your monthly outstanding balance.
The Axis Bank Credit Card entitles you to a complimentary insurance cover which may include zero lost card liability, Personal Accident Insurance and Credit Shield.
Once you enroll for Credit Shield, your subscription will be automatically renewed for a monthly fee of 0.89% of your monthly outstanding balance.
Credit Shield: The outstanding amount on your HDFC Bank VISA Infinite Credit Card is covered to an extent of Rs. 9 lac in case of death.
Where you have chosen to accept credit shield insurance, you understand that: • Credit Shield Insurance will provide the financial security to you and your family in case of an unfortunate event relating to Loss of life, Permanent and Total Disability, or Retrenchment.
The AU Bank Credit Card comes bundled with a complimentary insurance cover which may include zero lost card liability, Personal Accident Insurance and Credit Shield.
This shall, however, be subject to the settlement of death claim under the Credit Shield, and appropriation of the proceeds of death claims settlement done by USFB shall not be disputed by the nominee/heirs/successors/representatives of the Borrower at any point of time.