Family Takaful Insurance
This program is designed to protect and secure the future of your family and loved ones by covering the insured’s outstanding debts to creditors and/or ensuring the continuity of your family’s income and/or covering medical expenses in the event of a critical illness.
The program is approved by the Sharia Supervisory Board and provides the agreed-upon benefit in the event of death or disability (God forbid).
- Natural death
- Death due to an accident
- Permanent total disability resulting from an accident or illness
- Permanent partial disability resulting from an accident or illness
- Temporary total disability resulting from an accident or illness
- Critical illnesses and other additional coverages.
The insurance premium is calculated based on several factors such as the policy duration, type of policy, the subscriber's age and health condition, the desired sum insured, the requested benefits, and other relevant factors.
Step 1: Identify your annual expenses
Step 2: Estimate the assets you own and your total household income
Step 3: Determine the amount you can afford to pay monthly, quarterly, semi-annually, or annually
Step 4: Define your insurance needs — do you need coverage for death, disability, or both? And for how long?
Step 5: Match your needs with what insurance companies offer
Step 6: Choose the policy that best fits your financial capabilities
*Completion of the insurance application form
*Copy of national ID or passport
*Possibility of attending a medical center or visiting a specialized physician for a medical examination and laboratory tests, with the requirement that the insured be fasting for no less than twelve hours.
He is the natural person to whom the specified benefit in the insurance policy is transferred in the event of damage or loss. The beneficiary may be named specifically, or there may be multiple beneficiaries (such as legal heirs or family members).