The new millennium has brought with it a new world with new technology, new mind sets and new ideas. But it has failed to eliminate an ancient element of risk. The ancient Babylonians sought to protect themselves, financially, against risk so they invented insurance. Our homes and possessions have, eternally, been exposed to threats like fire, violence, natural disasters, theft etc. Today in the 21st century we still attempt to indemnify ourselves against loss to lives and property, but as Muslims conventional insurance was always been a question mark, so the concept of Takaful was developed. Pak-Kuwait Takaful Company Limited (PKTCL) is the first ever Takaful Company in Pakistan today. The PKTCL Miscellaneous Takaful Policies provides you with peace of mind by sharing in your risk.
What are the policies on offer?
Accident Takaful Policy
PKTCL’s Accident Policy covers the policy holder against any accidental injury which includes death and disablement. There are three policies that range from one policyholder to his/her entire family. Our offered Accident Policies are:
a) Personal Accident Takaful Policy
b) Personal Accident (Family) Takaful Policy
c) Travel Accident & Hospitalization Takaful Policy
Hajj & Umrah Travel Takaful
This is a unique, specially designed, 24 hour personal accident cover to protect you and your family for accidental losses including death, injury and disablement during Hajj and Umrah. This policy also provides compensation for emergency medical evacuation, repatriation of mortal remains, loss of baggage and loss of passport.
Money Takaful Policy
This policy is designed to indemnify the participant against loss of Cash, Bank Notes, and Cheques, Money orders etc, at premises as well as during transit to and from Bank.
Fidelity Guarantee Takaful Policy
The Fidelity Guarantee Takaful Policy provides coverage to an organization against the loss of its current assets due dishonesty of employees holding a position of trust within the organization.
Third Party Liability Takaful Policy
PKTCL’s Third Party Liability Takaful Policy is designed to protect the participant against legal liabilities to third parties for bodily injury and damage to their property due to a slip-up on the participant’s side.
Workmen’s Compensation Takaful Policy
The intention of this policy is to cover the participant against his liability to pay compensation to the workmen employed in the organization due to illness, bodily injury or death caused to the workmen during the course of employment with the participant.
Product Liability Takaful Policy
This policy covers the participant against legal liability or in connection with the product sold by the participant.
Plate Glass Takaful Policy
This policy provides coverage to glass installed within the premises of the policyholder from breakage or damage sustained due to misfortune.
All Risks (Contents) Takaful Policy
This particular policy has been designed specifically to cover the contents of a property against loss due a wide range of perils not specifically excluded.
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.