Takaful General & Medical Insurance

Group life Takaful

The fundamental purpose of any type of Takaful is to replace or compensate economic loss in contingency. Group Takaful Assurance provides protection to a number of individuals as a class or group under a single contract.


For Corporation, we provide the following two group Takaful Plans:

  • Plan A - Takaful Benefit (term life) & Workmen’s Compensation

  • Plan B - Takaful Benefit (term life) & Personal Accidents & Workmen’s Compensation

Plan B covers employees and labors with the following benefits:

  • Basic Takaful Benefit

  • Accidental Takaful (death) Benefit

  • Permanent Total Disability

  • Permanent Partial Disability

  • Temporary Total Disability

  • Medical Expenses Reimbursement

  • Repatriation Benefit

  • Medical Expenses Reimbursement


Coverage - provides 24 hours worldwide cover except for the Workmen’s compensation which is covered during working hours only.

An employee covered under this is entitled for benefits as per Kuwait Labor Law subject to standard exclusions in the policy.

If the employee covered under the policy sustains bodily injury by accident arising out of and in course of his employment, he/she is entitled for compensation for such injury as per the Kuwait Labor Law No. 6 of 2010

Group Takaful Assurance may be taken combined with Personal Accident Takaful as Group Takaful and Personal Accident.

Our most desirable medical plan namely; Safe Med is designed to cater for the medical Takaful needs of groups and families. The following major benefits are available under this plan.

  • Scope of Cover – Inpatient / Outpatient - Starting from KD. 3,000/- up to a maximum aggregate limit of KD. 10,000/- per member per annum. Higher limits can be considered on case by case basis.

  • Territorial Limit – Worldwide excluding USA & Canada

  • Emergency Treatment – All categories are covered for emergencies worldwide excluding USA & Canada

The Features of the Plan Include
  • Pre-existing conditions are covered for individual and group policies as per policy terms

  • Pre- existing conditions can be covered for groups with additional premium

  • Direct billing system with almost all major hospitals, clinics and pharmacies in Kuwait

  • For groups exceeding 20 members, tailor made schemes can be issued.

  • Age limit to obtain the policy is 65. Members above 65 years are subject to medical underwriting and can be included in the group policy on special basis

  • Critical Illness Cover can be taken for an additional premium

Some healthcare services that are not medically necessary, prosthesis, self-inflicted injuries and cosmetic oriented services are some of the very few services which may not be covered under the Safe Med Plan.

Critical Illness Takaful Cover

This cover offers peace of mind by providing protection against a wide range of serious Illnesses and important health related major concerns which make it easier for you and your beloved ones to be cared for.

Benefits

Choose the benefit level that suits you, up to a maximum of KD.10,000/- Policy period is for 12 months on a re-imbursement basis. The settlement is executed upon claim submission received and the company indemnifies the covered person for eligible expenses whilst the policy is in force.

Covered Critical Illnesses:
  • Cancer

  • Alzheimer’s disease

  • Aorta graft surgery

  • Benign brain tumor

  • Blindness

  • Coma

  • Coronary artery by-pass grafts

  • Heart Attack

  • Heart Valve

  • Replacement or repair

  • Kidney Failure

  • Major Organ transplant

  • Motor neuron disease

  • Multiple Sclerosis

  • Paralysis of limbs

  • Parkinson’s disease.

  • Stroke

  • Terminal Illness

  • Third degree burns

  • Traumatic head injury

  • Deafness

Our most desirable medical plan namely; Safe Med is designed to cater for the medical takaful Takaful needs of families and Individuals. Individual WAFI & SHAFI Plans are maintained at fixed Premium Rates depending on the age group, which are adjusted based on the Portfolio and Actuarial recommendations.

The following major benefits are available under this plan
  • Scope of Cover – Inpatient / Outpatient - Starting from KD. 7,500/- up to a maximum aggregate limit of KD. 15,000/- per member per annum. Higher limits can be considered on case by case basis.

  • Territorial Limit – Worldwide excluding USA & Canada.

  • Emergency Treatment – All categories are covered for emergencies worldwide excluding USA & Canada.

Coverage
  • Inpatient

  • Outpatient

  • Maternity Benefit

  • Dental Benefit

  • New Chronic Conditions

  • Area of Upgrade Option

  • Maternity Upgrade Option

Benefits

Choose the benefit level that suits you, up to a maximum of KD.15,000/- Policy period is for 12 months on re-imbursement basis. The settlement is executed upon claim submission received and the company indemnifies the covered person for eligible expenses whilst the policy is in force.