Fire Takaful

The plan that keeps you "cool" when things get too "hot"

Benefits of a Fire Takaful plan

In the event of losses or damages caused by fire and/or named perils during the coverage period, you will receive Takaful benefit. The named perils include explosion, riot strike and malicious damage, earthquake, volcanic eruption, aircraft damage, impact damage by vehicle, flood, windstorm, tempest et cetera.

How will your contribution be allocated?

An upfront wakalah fee will be deducted from your annual contribution. The wakalah fee goes into the Operator's fund to cover operating costs. The balance of your annual contribution will go into a pooled Risk Fund. This Risk Fund will be used to pay out all benefits to its participants in the event of losses/damages.

Contributions received will be invested in conformity with the principles of Shariah.

Exclusions to the coverage

No benefit shall be paid if losses or damages are caused by war, mutiny, riot, acts of terrorism and other specified events.

Note:

• This leaflet is merely for brief information and is not intended to be the basis of a Takaful contract. The information contained in this leaflet may change without prior notice. The precise benefits, terms and conditions and other details of coverage are set out in the Takaful Certificate.