The need for Marine Takaful

 

­­­­­­­­The most essential element of business since time in memorial has been the supply of goods. Whether goods are supplied by land, sea or air, in transit goods are exposed to a number of threats like piracy, accidental loss, fire and a host of other dangers. The loss suffered due to damage to cargo, in some cases, is enough to send an organization into debt. We here at Pak-Kuwait Takaful Company Limited (PKTCL) are dedicated to provide you with peace of mind by providing cover against the risks involved in a Shariah compliant manner.

 

What does the Marine Takaful policy cover?

 

The Marine Takaful Policy offers a wide range of coverage to all imports, exports and inland transits by sea, air and land from the point of dispatch to the point of delivery.

 

PKTCL offers cargo coverage as per Institute Cargo Clauses A/B/C with the optional extensions of Institute War and Strike Clauses (Cargo).

 

Does PKTCL offer specialized cover?

 

Yes, PKTCL can design tailor made cover for import of plant of plant and machinery by offering Marine-cum-Erection which will not only cover the machinery being imported but also cover the plant and it’s machinery during erection.

 

What rates are being offered?

 

In order to make Marine Takaful more attractive, very economical Contribution (Premium) rates are being offered that are par with the conventional insurance market, so that a client may feel completely satisfied religiously as well as commercially.

  

Salient Features

 

• An Islamic alternative to insurance.
• The unique benefit of “Profit Sharing”.
• Competitive market rates.
• Prompt settlement of claims.
• Personalized customer services.
• Recognized by Shariah Advisory Board.