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Bancassurance Products

Credit Libanais, in collaboration with Credit Libanais d'Assurances et de Reassurances (CLA), offers an appealing range of low cost Bancassurance products with an easy payment system. And best of all, these products are available at all Credit Libanais branches throughout Lebanon.

 

Bancassurance products provide protection and saving plans that suit different customers' needs:

  • Retirement Plan
  • Children's Education
  • Motor Insurance
  • Travel Insurance
  • Personal Accident
  • Retirement
  • Children's Education

 

Experience what Bancassurance products can do for you. Learn more:

SAFEFuture

SAFESTEPS

SAFETRAVEL

'A la carte'

SAFEWAY

ILZAMI

SAFEMIND

SAFEGUARD

 

1. SAFEFUTURE RETIREMENT PLAN

Plan a Safer Tomorrow

Credit Libanais Retirement Plan provides you with financial savings that allow you to lead a post-retirement life without compromising on your living standards. It gives you the chance to choose from our wide array of options, the one that suits you best, so that you can control how your savings are managed and cater to your own needs.
As for the retirement age, it is determined by your estimates and projections for the Retirement Plan. Remember that the earlier you plan your savings, the better and bigger the returns.

Why Choose SAFEFUTURE Retirement Saving and Insurance Plan?

  • To ensure savings that secure your retirement needs or support you in achieving your project.
  • To hold a capital that helps you protect your family from life’s hazards.

Coverage

  • Crédit Libanais d’Assurances et de Réassurances sal (CLA) will pay to the designated beneficiary (ies) the insured capital, in the event of death or in case of total and permanent disability (TPD) of the insured, whether due to sickness or accident. 
  • In case the invested amount is greater than the insured capital, the difference will be also paid to the designated beneficiary (ies).

Features

  • You freely set the amount of the regular payment in USD, which will be automatically deducted from your bank account at Credit Libanais, on a monthly, quarterly, six-monthly, or even yearly basis.
  • The minimum payable premium is USD 20 per month exclusive of the one-time policy fee (USD 20) added to the first payment.
  • The plan offers a high return on the overall premiums paid over the years.
  • You can receive the saved amount at maturity, either as a lump sum, or as an annual income over 10 years.
  • You can, at any moment, increase the amount of your regular payment or make an exceptional payment, while preserving all of the advantages.
  • This simple, flexible and profitable plan offers you the possibility to customize your own contract, at any time, by introducing several modifications such as the premium, the insured amount and the beneficiary (ies), and to monitor your savings whenever you desire.

Eligibility

  • You should be a Credit Libanais account holder.
  • You should be between 18 and 60 years old.
  • Cover ceases at age of 65, e.g. for a 60 year old, the maximum cover term is 5 years. You can opt for a longer maturity until the age of 75.

Example*


 

 

 

Saved amount with 3% yearly increase of premium (USD)

Saved amount without yearly increase of premium (USD)

Age of insured

Contract
Duration (Years)

Monthly Premium  (USD)

Insured Amount (USD)

Total paid premiums

(USD)

With return on savings projected at 4.5% yearly

With return on savings projected at 6.5% yearly

Total paid premiums

(USD)

With return on savings projected at 4.5% yearly

With return on savings projected at 6.5% yearly

30

35

50

15,000

36,278

70,243

102,204

21,000

44,516

68,471

40

25

50

15,000

21,876

33,485

43,428

15,000

23,518

31,502








 

*This is just an illustration. The rates are shown for projection purposes only and do not constitute any engagement from our part. 

These amounts are calculated before deducting the management fees on invested premiums.
Conditions apply as at 01/03/2017 and are subject to variation.
The Bank reserves the right, at its sole discretion, to amend the above Terms and Conditions at any time, without prior notice.


2. SAFESTEPS EDUCATION PLAN

A Wise Choice for a Bright Future

There is no greater gift you can give your children than to build them a good future, with the Credit Libanais Educational Plan, that embraces child investment plan.

This Plan allows savings, protection and investment to meet, thus helping you grow the savings allotted to your children's education.


Why Choose SAFESTEPS Education Saving and Insurance Plan?
To build up savings in order to fund your child’s university education.

Coverage

  • Crédit Libanais d’Assurances et de Réassurances sal (CLA) will ensure, in the event of death or in case of total and permanent disability (TPD) of the insured, whether due to sickness or accident:
  • Continuity of the plan until maturity.
  • Payment of schooling amounts as determined at subscription until maturity (Optional cover).

Features

  • You freely set the amount of the regular payment in USD, which will be automatically deducted from your bank account at Credit Libanais, on a monthly, quarterly, six-monthly, or even yearly basis.
  • The minimum payable premium is USD 20 per month exclusive of the one-time policy fee (USD 20) added to the first payment.
  • The plan offers a high return on the overall premiums paid over the years.
  • The minimum duration of the plan is 5 years.
  • You can, at any moment, increase the amount of your regular payment or make an exceptional payment, while preserving all of the advantages.
  • This simple, flexible and profitable plan offers you the possibility to customize your own contract at any time by introducing several modifications such as the premium, the insured amount and the beneficiary (ies), and to monitor your savings whenever you desire.

Eligibility

  • You should be a Credit Libanais account holder.
  • You should be between 18 and 50 years old.
  • Cover ceases at age of 65, e.g. for a 50 year old, the maximum cover term is 15 years.

Example*

30-year-old Jihad wishes to pass on his business, one day, to his 3-year-old son, Omar. By subscribing to the Educational Plan, he will be able to save at least three years of his son’s university tuition fees. If Jihad decides, for example, to pay USD 114 monthly, the following simulation would apply, by the time his son reaches the age of majority. 

 

 

Saved Amount on maturity without Yearly Increase of Premium  (USD)

Age of insured

Age of the Beneficiary Child

Monthly Premium (USD)

Duration of the Contract (Years)

Total paid Premiums (USD)

With return on savings projected at 4.5% yearly

With return on savings projected at 6.5% yearly

30

3

114

15

20,520

26,450

30,100


 

If jihad decided to pay USD 85 monthly, the following simulation would apply by the time his son reaches the age of majority.

 

Saved Amount on maturity without Yearly Increase of Premium (USD)

Age of insured

Age of the Beneficiary Child

Monthly Premium (USD)

Duration of the Contract (Years)

Total paid Premiums (USD)

With return on savings projected at 4.5% yearly

With return on savings projected at 6.5% yearly

30

3

85

15

15,300

19,500

22,950

 

-schooling amounts are not included in the above illustration.   


*This is just an illustration. The rates are shown for projection purposes only and do not constitute any engagement from our part.
These amounts are calculated before deducting the management fees on invested premiums.
Conditions apply as at 01/03/2017 and are subject to variation.
The Bank reserves the right, at its sole discretion, to amend the above Terms and Conditions at any time, without prior notice.


3. SAFETRAVEL

SAFETRAVEL is a travel insurance plan that provides you and your family with safety and protection while you're travelling abroad. Accepted all over the globe, SAFETRAVEL offers a world of benefits:

  • personal liability
  • medical expenses
  • legal and medical assistance
  • emergency and assistance service
  • and more

This travel insurance plan includes full access to many hospitals and health service providers worldwide. It also offers you the choice between 3 plans with different coverage amounts:

  • Economy
  • Business
  • Lux

MAPFRE/Arab Assist ensures 24 hour medical and emergency assistance.

 

For any claims, please call the following numbers:

Jordan: +962- 6- 5008119 – Germany: +180-5- 0188001


2. 'A la carte'

Being a Credit Libanais cardholder is always advantageous. If you are a Credit Libanais VISA or MasterCard cardholder, you can benefit from our 'A la carte' insurance plan whenever you purchase your travel ticket with your Credit Libanais credit card. 'A la carte' insurance plan from Credit Libanais d'Assurances et de Reassurances (CLA) offers 3 types of coverage:

  • SAFETRAVEL
  • SAFEPURCHASE
  • WALLET EXTRA

 

We ensure you have piece of mind while traveling!

 ' A la carte' BENEFITS

SAFETRAVEL BENEFITS*

Platinum بلاتينوم

Gold غولد

Classic كلاسيك

EXCESS تح

1. Personal Liability

$200,000

$150,000

$100,000

 
2. Personal accident (Death or total/ permanent disability)

$75,000

$75,000

$50,000

 
3. Trip Cancellation

$300

$200

$100

 
4. In flight loss of checked in luggage

$2,500

$1,500

$1,000

 
5. Location and forwarding of personal effects

Unlimited

من دون حدود مالية

Unlimited

من دون حدود مالية

Unlimited

من دون حدود مالية

 
6. Luggage Delay

$500

$200

$100

12 Hours 12 ساعة

7. Departure delay

$1,000

$750

$500

6 Hours

6 ساعات

8. Legal fees

$2,500

$1,500

Not covered

غير مغطى

 
9. Legal Assistance (Advice)

Covered مغطى

Covered مغطى

Covered مغطى

 
10. Loss of passport, driving license, personal ID

$500

$300

$200

 

Medical Expenses Benefits

 
11. Medical Expenses & hospitalization abroad

$150,000

$100,000

$50,000

 
12. Emergency dental care

$1,000

$500

$250

 
13. Transport or repatriation in case of illness or accident

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

 
14. Repatriation of family member traveling with the insured

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

 
15. Escort of dependent child

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

 
16. Travel of one immediate family member

$100/day

max $1,000

$75/day

max $750

$50/day

max $500

7 Days 7 أيام

17. Repatriation of mortal remains

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

 
18. Emergency return home following death of a close family member

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

Actual expenses الكلفة الفعلية

 

Assistance Services

 
19. Medical Information, urgent messages

Covered مغطى

Covered مغطى

Covered مغطى

 
20. Advance of Bail Bond

$10,000

$5,000

$2,500

 
21. Advance of cash

$1,000

$750

$500

 
22. Delivery of medicines

Covered مغطى

Covered مغطى

Covered مغطى

 

SAFEPURCHASE BENEFIT

Platinum

Gold

Classic

EXCESS

23. Theft or accidental damages of goods purchased

$1,000

$1,000

Not Covered

غيرمغطى

15% min $50

WALLET EXTRA BENEFIT

Platinum

Gold

Classic

EXCESS

24. Fraudulent use of a lost or stolen Credit Card-committed within 48 hours before bank notification (per year)

$2,000

$1,000

$1,000

 
24.1 Keys & papers lost or stolen with the credit card

$400

$400

$400

 
24.2 Mugging

$250

$150

$150

 

 

* MAPFRE/Arab Assist is the medical assistance provider available 24 hours for any emergency services.

For any claim, please call the following numbers:

Jordan: +962-6- 5008119 – Germany: +180-5-0188001

 

Note: Changes may be made without prior notice


3. SAFEWAY

Feel safe on the roads. SAFEWAY is a motor insurance plan that covers material damages caused by the insured's vehicle to third parties during any accident on public roads. This plan goes the extra mile by providing you with free 24 hour Emergency Road Assistance throughout Lebanon.


4. ILZAMI

Protect others with ILZAMI, a motor insurance plan that covers bodily injuries caused by the insured's vehicle to third parties (as per the Lebanese Obligatory Motor Insurance Law).

 

5. SAFEMIND

Get peace of mind with this personal accident insurance plan that protects you and your loved ones from any unforeseen events. SAFEMIND provides worldwide coverage for accidental death and disability. This flexible plan has different coverage amounts available with a double indemnity benefit whenever death or disability results from a car accident.


6. SAFESTEPS

The gift of education is priceless. SAFESTEPS is an education plan that lets you save for your child's university studies, thus ensuring he/she enjoys a successful future. Choose between 3 plans with different payment durations:

  • Bachelor (3 years)
  • Masters (5 years)
  • Doctorate (7 years)

The plan even provides protection against any unforeseen event. Select your pre-defined amount for this plan and CLA will guarantee the beneficiary gets the settlement he/she turns 18 (in case of the death or permanent and total disability of the insured).

 

7. SAFEGUARD

Guard against personal accident with the SAFEGUARD insurance plan which provides you and your family with worldwide cover 24/7. Benefit from coverage for:

  • Accidental death
  • Accidental death from a common carrier
  • Accidental death due to a traffic accident
  • Dismemberment &/or loss of sight, hearing, speech due to an accident

 

CLA Insurance Products


Individual Insurance Plans:


Motor Insurance

Property Insurance

Travel Insurance

Medical Insurance

LIFE INSURANCE

 

 

I- Motor Insurance: Drive into a wide choice of different motor insurance plans with Credit Libanais d'Assurances et de Reassurances (CLA):

 

1. All Risks: Our "All Risks" plan covers any material damage that may happen to your vehicle (i.e. own damages, fire, theft) including TPL material damages.

Gear up with extra protection with free 24 hour Emergency Road Assistance throughout Lebanon.

Tailor this plan with optional covers like:

  • Hold up
  • Replacement car
  • Registration fees
  • Driver & family members passengers
  • Etc.

2. Total Loss: Our "Total Loss" plan covers your vehicle in case of theft, fire and if material damages caused to the insured's vehicle exceeds 70% of the car market value at the accident's date. The insurance plan also covers TPL material damages and includes free 24 hour Emergency Road Assistance throughout Lebanon.

3. Third Party Liability material damages: It's always better to be safe than sorry. This plan covers the material damages caused by the insured's vehicle to third parties following a road accident.

Tailor this plan to best suit your needs with the availability of different coverage amounts in addition to some optional covers like driver & family members passengers, etc.

Credit Libanais is always here to help with free 24 hour Emergency Road Assistance throughout Lebanon.

4. ILZAMI Insurance

Protect others with ILZAMI, a motor insurance plan that covers bodily injuries caused by the insured's vehicle to third parties (as per the Lebanese Obligatory Motor Insurance Law).

 

II- Property Insurance: Your property is your home or livelihood, hence building a fortress of protection around it is important. Our property insurance plan provides the protection you need. It covers all material damage that may occur to your property from fire and/or theft. Because we always think about your real requirements, additional optional coverage is available:

  • Earthquake
  • Neighbor's recourse
  • Water damage
  • And more

 

III- Travel Insurance

SAFETRAVEL is a travel insurance plan that provides you and your family with safety and protection while you're travelling abroad. Accepted all over the globe, SAFETRAVEL offers a world of benefits:

  • personal liability
  • medical expenses
  • legal and medical assistance
  • emergency and assistance service
  • and more

This travel insurance plan includes full access to many hospitals and health service providers worldwide. It also offers you the choice between 3 plans with different coverage amounts:

  • Economy
  • Business
  • Lux

MAPFRE/Arab Assist ensures 24 hour medical and emergency assistance.

 

For any claims, please call the following numbers:

Jordan: +962- 6- 5008119 – Germany: +180-5- 0188001

 

IV- Medical Insurance

Good health is precious and so Credit Libanais d'Assurances et de Reassurances (CLA) offers a wide range of medical insurance plans that provide you with full medical cover in Lebanon or abroad. Proper medical care is always within reach with us:

1. Perpetual Plan with in-hospital (basic cover) and out-hospital including ambulatory and prescription medicine.
2. Spectrum plan covering in-hospital, ambulatory and doctors' visit.
3. Economizer plan with different options up to $1,000.
4. Expatriate insurance plan that answers the needs of the official requirements of the Lebanese Ministry of Labor.

 

V- Life Insurance: Cherish life by guaranteeing the security of your loved ones. Our life Insurance plan provides your family with financial protection against the uncertainties of life with basic cover for "death all causes". Because life can be full of surprises, we have optional coverage:

  • Permanent total disability
  • Double indemnity in case of accidental death



 

Corporate Insurance Plans:


Credit Libanais d'Assurances et de Reassurances (CLA) offers a wealth of corporate insurance plans for professional businesses:

Public Liability

Marine Cargo Insurance

Contractor All Risks Insurance

Bankers Blanket Bond

 

1. Public Liability: Our "Public Liability" plan covers your firm's legal liability for accidental bodily injury and/or material damages to third parties and/or their properties arising from, or in connection with your business activities.

2. Marine Cargo Insurance: Protect your investment with our "Marine Cargo Insurance" plan which provides coverage for any physical damage or loss that might occur to goods during transport by land, sea and air.

3. Contractor All Risks Insurance: Build your success and safety track record without worries with our "Contractors All Risk Insurance" plan that offers comprehensive protection against loss or damage with respect to:

  • contract work
  • construction plant and equipment
  • construction machinery
  • third party claims for property damage or bodily injury from a civil engineering project

4. Bankers Blanket Bond: Bank on confidence with our "Bankers Blanket Bond" insurance plan which provides financial institutions with comprehensive coverage against losses arising from:

  • infidelity of employees
  • loss of cash in transit
  • loss of property due to theft, hold up etc…

 

For more information or clarification about Bancassurance and/or CLA Products, please feel free to contact CLA by phone on +961-1-257-628 /29/30, or Credit Libanais Customer Service Center on 1518, or e-mail us at info@cla-assurance.com

 

 

 

 

 

Saved amount with 3% yearly increase of premium (USD)

 

Saved amount without yearly increase of premium (USD)

 

Age of insured

Contract
Duration (Years)

Monthly Premium  (USD)

Insured Amount (USD)

Total paid premiums

(USD)

 

With return on savings projected at 4.5% yearly

 

With return on savings projected at 6.5% yearly

 

Total paid premiums

(USD)

 

With return on savings projected at 4.5% yearly

 

With return on savings projected at 6.5% yearly

 

 

 

 

30

 

 

 

35

 

 

 

50

 

 

 

15,000

36,278

70,243

102,204

21,000

44,516

68,471

 

40

 

25

 

50

 

15,000

21,876

33,485

43,428

15,000

23,518

31,502

 

50

 

15

 

50

 

15,000

11,160

12,480

14,623

9,000

9,812

11,665

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