Our Home Takaful Policy will indemnify you, the ‘insured’, against loss or damage to your home, its contents and your personal belongings.
Our policy covers loss or damage to insured property due to the following:
In addition, the policy also covers:
Our Home Takaful covers the building, contents of your household and personal belongings (within the house – excluding cash, jewelry and valuables) due to fire, lightning, riot, strike, malicious damage, earthquake, explosion, storm, tempest, flood, impact due to aircraft (damages including own vehicles), leakage of water from tanks, pipes and apparatus, and theft.
Contents comprises of all household goods and personal effects that belong to you, including furniture and fittings that do not belong to the landlord.
Personal belongings include articles of personal use that are worn or carried by you. For example: watches, mobile phones or laptops.
Contents are items that remain within the house, while personal belongings are items that can be carried outside the house.
Yes, the policy covers natural disasters such as floods, storms and earthquakes.
We recommend choosing a plan based on the value of your household contents and personal belongings; one that offers a level of coverage you feel is most appropriate.
Yes, if you own the building or apartment you wish to insure. This can be purchased with – or separately from – the standard plans offered.
Yes, the Takaful cover can start immediately as soon as you pay the contribution.
Visit Al Madina Takaful branches or call our toll free number and register the claims during the working hours, from 8:00 AM to 4.30 PM (Sunday to Thursday).
Critical problems demand crucial assistance – utilize our Critical Illness cover for your and your family’s added protection.
Critical Illness Cover is suitable for people who are concerned that they may not be able to meet their financial commitments or maintain a reasonable lifestyle if diagnosed with a critical illness.
If the policyholder is diagnosed with a medical condition listed within the policy document, the Takaful Company will make a lump sum cash payment to the policyholder, regardless of their life expectancy.
The most common illnesses included are cancer, heart attack, stroke, traumatic head injury and total permanent disablement.
Consideration should also be given to the fact that a large number of people will recover following diagnosis of a Critical Illness, which will result in a claim, and the sum assured being paid. They may continue to lead a long, healthy lifestyle, whilst knowing their mortgage liability or other financial commitments or burdens are now taken care of, due to the lump sum payment. Therefore, they may not require to continue working, or they will have the option to reduce their hours, or even change their occupation, to suit their new lifestyle.
Critical illness cover is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses, on a predetermined list, as part of an insurance policy.
Under Critical Illness, once the member is diagnosed with one of the listed illnesses, the entire amount is paid as an advance before the start of treatment, unlike medical cover, where reimbursement is made to the policy holder when bills are submitted.
Critical illness cover pays for the following:
The benefit of this cover is:
No, members do not have to perform any tests at hospital; only simple health declaration proposal form is required to be completed by the applicant.
Terminal Illness Insurance only pays the benefit where the life expectancy is less than 12 months at diagnosis, whereas Critical Illness Cover would typically make a lump sum payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.
The attained age of a participant should be between 18 and 59 years at application (age next birthday). The policy will cease once the participant attains 60 years of age.
There is no territorial limit; it can be availed worldwide.
A simple medical proposal form needs to be filled and signed/dated to initiate the cover.