xpress Money Remittance Scheme - Bancassurance Consultants Worldwide Ltd.

REMITTANCE SHIELD

Xpress Money offers a unique protection cover which provides monetary compensation in the event of Death of the fund transferor who transfers his/her funds using Xpress Money Facility.  

BENEFITS                        COVER LIMIT
Death due to any cause      AED 10,000/-
Repatriation Expenses        AED 5,000/-

MAJOR EXCULSIONS

• Death by suicide within 12 months of the commencement date;
  

• Illness occurring within 30 days of the commencement date;
  

• Any deliberate self-inflicted injury and/or self-medication (without a proper prescription from an legally recognized medical practioner);
  

• The effects or complications arising from pregnancy;
  

• Any accident occurring on or in or about any aircraft other than an aircraft in which the Funds Transferor was travelling as a bonafide passenger and which is operated by a licensed commercial or chartered airline;
  

• Nuclear radiation, nuclear fission, nuclear fusion and/or radioactive contamination
  

• Riot, civil commotion, strikes and war (whether war be declared or not), rebellion, insurrection, resurrection, popular rising, usurped power, terrorism
  

• The influence of alcohol or drugs other than proper use of drugs prescribed by a legally qualified medical practitioner but this exclusion shall not apply to Death arising out of the above reason.
  

• Due to chronic illness / condition but this exclusion shall not apply to Death resulting from chronic illness/condition.
  

• Illness due to pre-existing condition but this exclusion shall not apply in respect of Death occurring after a continuous period of 6 months from the Commencement Date in respect of the particular Funds Transferors.  However, this exclusion is applicable only if the Company is able to substantiate ‘pre-existing condition’ within 1 month from the date of submission of all required claims documentation to the Company.
  

• Acquired Immune Deficiency Syndrome (AIDS), AIDS related Complex  (ARC) as defined by the World Health Organization from time to time; or the presence of the Human Immunodeficiency Virus (HIV) as revealed by the positive HIV anti-body or HIV test.
  

CLAIM DOCUMENTS

• death certificate
  

• post mortem report (wherever legally required)
  

• police report (if death was due to an accident)
  

• medical report* with detailed diagnosis and cause of death if required by the Company when the actual cause of death is not clearly mentioned in the death certificate.
  

• copy of passport with visa page for expatriates, National ID with respect to Nationals
  

• Any other documents as may be required
  

Remittance Shield is available exclusive to Xpress Money customers only

For all claims related correspondences write to our Claim Administrator on xpressmoney@bc-worldwide.com & Tel: +9714 3787777.