Product Offerings

Motor/Tricycle Takaful

Motor Vehicles (Tricycle inclusive) Takaful

Motor Takaful is compulsory for all vehicle owners. The Comprehensive Motor Takaful Policy protects the participant against loss or damage to the vehicle as a result of accident, fire, theft, and legal liability to third parties including passengers and medical expenses for injury to occupants of the car. Other types of cover provided under this policy are: Third Party Fire & Theft Policy and Third Party only Policy.

Additional Benefits include:

1.  Excess Free
2. Third Party damage extension
   

Fire and Special Perils

Fire and Allied Perils Takaful

This policy provides indemnity against loss or material damage to properties occasioned by fire.

The rate of contributions/premium charged is in direct proportion to the risk and value of assets. The objective is to re-instate or replace property damaged or destroyed; or to compensate the Participant for such a loss. This ensures that immediately after a loss, the participant (organization/individual) is placed in the same financial position it occupied before the loss.

Burglary & House Breaking

Burglary and Housebreaking Takaful

This policy seeks to reimburse the Participant for losses or damage occasioned by burglary and theft.

Burglary takaful applies to properties that can be stolen or damaged by Burglars/thieves during theft.
This policy implies forcible and violent entry to or exit from Participant's premises. It includes damage to building for which the participant is responsible resulting from theft. However, theft by an employee is not included within the scope of cover; this basically falls under Fidelity Guarantee Takaful.

Professional Indemnity Takaful

Professional Indemnity Takaful

This policy will indemnify the Participant for loss arising in respect of the claim for breach of professional duty or due to omission of a professional in the conduct of his/her business in their professional capacity.

It covers act of negligence, omission or error of a Professional Person in carrying out his/her duty.

Goods-In-Transit

Goods-In-Transit Takaful

The expenses in connection with merchandise in transit are enormous because of the high risk of pilferage. Policies are in two categories:

The basic cover provides cover against accidental loss or damage to goods whilst in transit anywhere within Nigeria. The goods covered would comprise raw materials and finished goods. Such would include goods in Participant's own vehicle/s with the sum insured specified for each vehicle and goods dispatched by hired vehicle/s either by road, rail and post subject to a limit of any one consignment.

Group Personal Accident

Group Personal Accident (GPA) Takaful

The Group Personal Accident policy will compensate the Participant for bodily injury caused by violent, accidental, external and visible means resulting in death or disablement. This policy can only be taken up by a group of people such as employees of a company or members of a social club.

The benefits are multiple of the total emoluments of the individual employee and below are the various benefits covered:

• Death
• Permanent Total disability
• Temporary total Disability
• Medical Expenses
  
  

Public Liability Takaful

Public Liability Takaful

The policy provides legal liability to Third Parties in respect of death, injury and property damage arising in connection with the Participant's business.

Household Takaful

Householder Takaful

This policy provides coverage against the Contingencies specified in the Statement of contingencies submitted at the inception of the policy. The contingencies may include the following:

Building, Contents, Jewlery (high value watches, cash), Personal Accident, other Extension (loss of rent, replacement of lock etc.)

The policy shall in the event of any of the said Contingencies happening during the period of policy stated in the Schedule or in any subsequent period, pay, reinstatement or repair warrants indemnification to the Participant as herein provided.