Fire and General Accident Department at Ilaf Takaful Insurance Company seeks to provide the best insurance programs for individuals and Companies by carefully studying the activity of the participants and which suits to face all the challenges and risks which they may be exposed to.
The Contributor is the main focus of the programs, which are according to the Islamic Provisions.
The department also conducts studies and provides recommendations to Contributors to , be familiar with their insurance requirements & to provide them with the most suitable covers against the Risks which they may be exposed to. Fire and General Accidents Department provides several types of insurance related to individuals, commercial, engineering and liability risks as indicated in the details hereon.
Burglary insurance policy includes the loss or damage to the insured properties in the Policy resultant of burglary or armed looting by the use of force , violence and coercion.
The normal Fire Policy or the Property All Risk policy covers only the material damage exposure but a loss can cause an adverse condition to your works and lead to loss of profit (Net Profit – Salaries – Rents) , therefore the loss of profit/ Consequential Loss policy ensures compensation against the loss resulted from the cessation of works for an agreed upon period.
Fidelity Guarantee insurance Policy provides insurance Cover to any loss or damage caused to the Funds or properties of the Insured due to acts of forgery , stealing , theft or fraudulent replacement committed by any Employee listed in the insurance Policy .
The Policy of Funds Insurance is concerned with the cover of loss or damage to Funds , which means (money , checks , mail transfers , financial stock ) while being moved from or to the Company or while they are kept at the Safes of the Insured . The Safes or Money machines may be added under the policy .
The Professional liability insurance Policy covers the legal liability incurred as a result of professional mistake on the subscribers such as Doctors , Engineers, Lawyers and all consultation institutions while practicing the profession during the insurance period according to the conditions and Limits of the Policy .
The policy of equipment and vehicles provides insurance Cover against the Financial losses and sudden damages which occur to the vehicles and equipment while they are at site or the geographical area defined in the insurance Policy or while they are parked . the insurance Cover may extend to cover the vehicles while moving on the general roads.
Provides financial protection to investors, financial institutions and businesses that face the possibility of losing money because of political events. Political risk insurance protects against the hazard that a government will take some action that causes the insured to experience a large financial loss. Political risk insurance can cover many possibilities, such as expropriation(e.g., government confiscation of property), political violence (e.g., acts of civil unrest or insurrection), the inability to convert local currency and repatriate it, sovereign debt default, and even acts of terrorism and war according to the conditions and Limits of the insurance policy.
Under the Glass insurance Policy , the subscriber shall be compensated against the breaking of glass panels as defined in the policy schedule, by the payment of an amount equals to the value of the broken glass on the basis of the price at the time of breaking and at max. value as defined in the schedule .