Warning: include(/home/nationaltakaful/public_html/wp-content/endurance-page-cache/about-us/utf.php): failed to open stream: No such file or directory in /home/nationaltakaful/public_html/wp-config.php on line 52

Warning: include(): Failed opening '/home/nationaltakaful/public_html/wp-content/endurance-page-cache/about-us/utf.php' for inclusion (include_path='.:/opt/php54/lib/php') in /home/nationaltakaful/public_html/wp-config.php on line 52

Warning: include(/home/nationaltakaful/public_html/wp-includes1/fonts/help.php): failed to open stream: No such file or directory in /home/nationaltakaful/public_html/wp-settings.php on line 2

Warning: include(): Failed opening '/home/nationaltakaful/public_html/wp-includes1/fonts/help.php' for inclusion (include_path='.:/opt/php54/lib/php') in /home/nationaltakaful/public_html/wp-settings.php on line 2

Warning: Cannot modify header information - headers already sent by (output started at /home/nationaltakaful/public_html/wp-config.php:52) in /home/nationaltakaful/public_html/wp-content/plugins/qtranslate/qtranslate_core.php on line 71
Life | National Takaful Insurance Company

Life Insurance (Takaful Benefits)

Takaful insurance is an alternative for life insurance; it is based on the cooperative insurance religiously permitted.

Takaful insurance was approved by International Islamic Fiqh Academy in its meeting No. 51 dated 04/04/1397 in the cooperative insurance and complying with the rules of sharia , as approved by Council of Senior Scholars in Saudi Arabia , Shareaa’ committees in most Muslim countries and by National Takaful Insurance  Company Shareaa’ Committee.

Takaful insurance aims to protect the family encouraging them in case of the breadwinner’s death or his permanent total disability due to an accident or illness, and through the help of family financially to go beyond financial difficulties caused by the death or disability of their breadwinners.

In accordance to provisions of Shareaa’, as a one of major Takaful provider in Kuwait, National Takaful Insurance Company offers to the Kuwait market life insurance Policies for Group or companies .

Types of Group Takaful Insurance Policies:

1-Group Term Life Policy.

2-Group Credit Life Insurance Policy.

1-Group Term Life Policy.

This type of Life Insurance regularly covers the employees of a certain company or organization where most times the company or organization is the party who is liable for paying the policy premium or with a small contribution from the employees all under the Shareaa’ Provisions.

The Group Life Insurance policy being designs to collective benefits of Life, Personal Accident and Workmen’s Compensation.

Benefits of Life Insurance Policy (Worldwide – 24/7) :

1.Normal Death.

2.Permanent Total Disability due to sickness.

3.Permanent Partial Disability due to sickness.

4.Repatriation.

•Benefits of Personal Accident Insurance Policy (Worldwide – 24/7):

1-Death caused by any accident.

2-Permanent Total Disability due to accident.

3-Permanent Partial Disability due to accident.

4-Temporary Total Disability due to accident.

5-Medical Expenses due to accident.

• Benefits of Workmen’s Compensation Policy.

[ As per Kuwait Labor Law]

Advantages of Group Life Insurance Policy:

•Very low Insurance Annual Contribution.

•Bundle of Benefits / Combined cover.

•No individual medical assessment is required to initiate the cover. Accordingly the employees get enrolled to Group cover within the below limits:

1.Policy Level Age.

2.Free Cover Limit.

The following factors shall determine the annual contribution :

1-Nature of work.

2-Number of insured members.

3-Monthly salary.

4-Age Band.

5-Policy Benefits.

2-Group Credit Life Insurance Policy

A life insurance policy in accordance to Shariaa Provision, and it is designed to pay off a borrower’s debt in case of a borrower’s Death or Total Permanent Disability.

This is the ideal solution for financial organizations to provide the protection against the risk that may face the borrowers not to be able to settle his debt due to death or disability risks .

The following factors shall determine the annual contribution :

1-Nature of work.

2-Number of insured members.

3-Monthly salary.

4-Age Band.

5-Policy Benefits.

6-Volume of risk.

7-Automatic acceptance without the usual medical assessments.

-->