Insurance Coverage by AXA
- Coverage up to EGP 100,000 in case of accidental death or disability
To know more about the claim process:
Features Take advantage of all the features of a Diamond Plus package
For your company and your employees
Special Rates on Employee Banking Fees & Charges
Your employees can enjoy special discounts on fees and charges across CIB products.Payroll Accounts with Competitive Interest for Employees
We offer payroll accounts tailored for your employees with competitive annual interest rates.Seamless Salary Access & Banking Solutions for Employees
Your employees can easily manage their salaries with CIB’s online banking platforms. They will also receive a free SMS notification every time their salary is transferred.
More features
AXA Insurance Benefits for Employees
Your employees will gain access to exclusive insurance benefits provided by AXA.Corporate Banking Solutions for Business Growth
CIB’s corporate services streamline your company’s financial operations, allowing you to focus on growing your business.
No Minimum Employee Requirement for Businesses
This package is designed for businesses of all sizes, including those with fewer than 25 employees.Financial services Provide employees with insurance coverage with AXA
*Insurance terms and conditions applied according to the main group policies with CIB.
*AXA will receive the insurance claims and the documentation directly from the HR of the Payroll Accounts customers. Subject to the fulfillment of all terms and conditions of the Insurance Policy(ies), AXA will process and settle the insurance claims. For accidental death and disability claims, AXA will make payment(s) directly to the beneficiary of the Payroll Accounts customers. For hospital cash claims, AXA will make payment(s) directly to the Payroll Accounts customers' bank accounts.
*All insurance coverage for customers will be activated on the first of each month.
*The Company is responsible for communicating to its employees all the benefits details and how to submit the claims to their HR department.
Packages comparison Compare the benefits of the Diamond Plus package and CIB's regular pricing
| Item | Declared pricing (Non-Payroll Customers) | Diamond Plus package | Diamond package |
|---|---|---|---|
| Payroll Current Account (Annual Interest Rate) |
N/A |
5% on a minimum amount of EGP 5K (calculated on lowest monthly balance and credited monthly) | 5% on a minimum amount of EGP 5K (calculated on lowest monthly balance and credited monthly) |
| Account administration fees | EGP 50 per quarter | EGP 20 per month* |
Free |
| Debit card issuance fees | Based on the card type | Free | Free |
| E-statement fees | Free | Free | Free |
| Credit card issuance fees** | Based on the card type | Free*** | Free*** |
| Cash withdrawal from non-CIB ATMs**** |
EGP 5 per transaction |
EGP 5 per transaction |
EGP 5 per transaction |
| Insurance**** |
N/A
|
Accidental death or disability insurance up to EGP 100,000 |
N/A |
* This waiver does not apply to holders of the CIB-Egyptair Mileseverywhere, World and World Elite credit cards.
** The 100% waiver on the first year of credit card issuance fees is effective upon activation within 3 months from the issuance date.
** The 100% waiver on the first year of credit card issuance fees is effective upon activation within 3 months from the issuance date.
