Why Takaful Insurance is The Perfect Fit for All Your Insurance Needs

By Rahab Mbiriti / Published June 28, 2019 | 8:33 am



takaful-insurance

A lot of people think of insurance as this very complicated thing that needs a lot of study and careful research before going into one such contract.

Most conventional insurance contracts are known to be full of uncertainties and a lot of risks come with such contracts.

Well, this is not the case with one Takaful Insurance of Africa.

Takaful Insurance is a pioneering and dynamic insurance company offering ethical and innovative products designed for both corporate and individuals. Actually, the Takaful concept is based on the principles of togetherness, co-operation and mutual solidarity for all.

Did you know that the Takaful contract is based on the Islamic principle of Tabarru, that is, a contract of self-insurance, or self-guaranteeing among members of a group?

Therefore, unlike the conventional insurance contract where the agreement is one of transferring of risk from the insured to the insurer for a premium, that is, one of risk trading, uncertainty in the Takaful contract is considered to be within tolerable limits under Shariah.

READ ALSO: What is the Meaning of Takaful? 

Takaful products are relatively cheaper than conventional products, given the additional value offered Takaful products, which cannot be matched by conventional insurance products.

What Kind of Products does Takaful Provide?

Takaful Insurance of Africa (TIA) provides a wide range of General Takaful products such as Motor, Fire, Burglary, Professional indemnity, money, Marine among others.

Some of the unique products that Takaful Insurance provides to its customers are:

The Dada Takaful Motor Product

Did you know that Takaful Insurance is the only insurance provider that has specifically designed a Motor Product for ladies due to their unique insurance needs?

The Dada Takaful Motor Product comes with a wide range of key benefits tailored conveniently to the needs of the modern female car owner.

Takaful Insurance recognizes that when it comes to ladies and their vehicles, accidents happen and emergency assistance will be needed so often.

READ ALSO: Takaful: Innovation in Insurance 

The Takaful Livestock Cover

Another amazing and unique product offered by Takaful is the Takaful Livestock Cover which provides pastoralists with covers against livestock deaths resulting from dry weather and shortage of forage (green grass). How amazing is that?

In this cover, the period of cover is one year and the customer is qualified for two potential payouts.

Afya Takaful

Did you know that Afya Takaful, (Takaful’s medical cover) is not only open for Muslims, but non-Muslims are also welcome to join this amazing product?

Afya Takaful is different from conventional medical insurance in that it allows the client to cover more than one female spouse!

These are just but a few of the amazing insurance products that Takaful Insurance offers.

The Insurance Regulatory Authority’s set of culture insists on fair treatment of customers for all insurance firms and therefore, at Takaful, you are assured that you will be treated with the utmost respect and fairness!

For any additional information about Takaful’s insurance products visit their website.

READ ALSO: For How Long Will Kenya’s Insurance Sector Remain at Infant Stage?

 





About Rahab Mbiriti

Rahab Mbiriti is an Experienced Research Specialist working for Sokodirectory with a passion for collecting data, breaking down data and analyzing it for easy consumption. Rahab also has a passion for writing Business and Economic oriented articles.To reach her, email her on rahab@sokodirectory.com

View other posts by Rahab Mbiriti


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