Takaful Insurance Of Africa

Airport Road Alla Magan Building Degmada Waberi, Mogadishu, Banaadir, Somalia

+252-617004471 I 695969000 I 616752488

08:00 AM 04:00PM

http://www.takaafulafrica.com

Takaful Insurance Of Africa

Takaful Insurance Of Africa

Takaful Insurance Of Africa

Takaful Insurance of Africa Ltd (TIA), is a pioneering and dynamic Takaful company which has introduced a new and exciting ethical perspective to risk management in the Kenyan market.

Afya Takaful

Introducing the first sharia’h compliant medical scheme for corporate organizations.

Afya Takaful is a medical scheme for corporates that caters for medical expenses arising out of illness and accidental injuries.It is a health insurance plan that is based on moral and ethical fundamentals and social welfare, and is open for the whole Kenyan corporate market.

General Takaful

Takaful Africa is a pioneering and dynamic Takaful Group which has introduced a new and exciting ethical perspective to risk management in the East African market. The Group was founded in the year 2008 and first licensed in Kenya 2011. Takaful Africa is the first fully fledged Takaful Operator in the East and Central Africa region. The covers offered include the following:

Person & Family Business & Organization Specialized Insurance
Personal Accident Takaful
Burglary Takaful
Money Takaful
Motor Takaful
Fidelity Guarantee Takaful
All Risk Takaful
Burglary Takaful
Engineering Takaful
Fire Takaful
Bond Takaful
Personal Accident Takaful
Professional Indemnity
IBLT(Index Based Livestock Takaful)
M-PESA Agents cover
Micro Takaful
WIBA – Work Injury Benefit Act

The rationale behind Takaful Africa is founded on the need to provide risk management and financial security, based on ethical principles and values. At Takaful Insurance of Africa, we operate and manage our activities in accordance with the principles of Shariah, while adhering to all the national, regional, and global regulatory requirements and industry standards. We are fully committed to ensuring Transparency, Integrity and Accountability in all our dealings.

Family Takaful

Family Takaful plan is a financial program that pools efforts to help the members in times of need due to untimely death of principal members and other mishaps resulting in personal injury or disablement.

What gaps are Family Takaful Plans filling in the market?

Banks:

Family Takaful provides an alternative shariah compliant solution for Islamic banks and financial institutions that require mortgage protection and other facility guard policies that have been missing in the market.Therefore the banks and lenders are significantly exposed to huge risks emanating from lack of the above policies.With the very competitive TIA facility guard policy, banks will now securely lend without a huge exposure risk.

Corporates and Groups:

Many Corporates have been unable to provide Group Life policies to their employees and other members due to lack of a shariah compliant alternative.Through the TIA Group Family policy, members can enjoy death, disability, critical illness and last expense benefits comprehensively.

Education Policies:

While the general public has significantly enjoyed education policies for their loved ones and children over the last 3 decades through conventional insurance, the Islamic market has been disadvantaged through lack of a shariah compliant alternative. With the TIA Academic policy, a parent can choose to safe guard their child’s education through monthly savings commensurate with their chosen benefits.

Takaful Umbrella Fund

Takaful Umbrella Fund is a retirement benefits fund that pools together retirement benefits for employee of more than one employer with a purpose of coming up with a practical, cost effective, Sharia compliant and professionally managed retirement benefits scheme for the members. This allows the participating employers to focus on their main business. Contributions The Fund will operate as a Defined Contributions (DC) Scheme with the employee contributing a percentage of his basic salary into the fund and the employer adding onto it with an equal, less than or higher percentage.Contributions will be remitted to the custodian via a Standing Order, Debit Order, EFT, Cash Deposit or cheque by the 10th day of the following month to which the contributions relate.

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