Home Takaful Plan
Our Home Takaful Plan is designed to protect your home, the building and its contents against fire, natural disasters and other perils. With such comprehensive coverage, you can now enjoy what ever you do, today and tomorrow, with great piece of mind. What’s more, we assure you that this plan is Shariah compliant.
Now, SABB Takaful is offering you 12 months’ coverage for the price of 9 on your home and its contents.
Benefit at a glance
Peace of mind
You can rest assured that this plan is Shariah compliant and is approved by SABB’s Shariah Committee. The Shariah Committee members are:
- Sheikh Abdullah Bin Sulaiman Al Manea
- Sheikh Dr. Abdullah Al Mutlaq
- Sheikh Dr. Muhammed A. Elgari Bin Eid
Takaful surplus sharing
The surplus for distribution to Participants in the relevant financial year shall be the Takaful Surplus less the Performance Incentive Fee. The distribution of surplus would be subject to approval of the competent authorities, if required, and of the Board of Directors of the Company.
Contents cover
- Compensates for loss or damages to your household contents and personal effects against fire and other perils.
- Indemnifies you from any tenant’s liability.
- Protects contents of your home against burglary.
- Covers the cost of accidental loss or damage to your possessions when moving.
Building(s) cover
Receive compensation for accidental damage to the building you own caused by fire, storms and other perils including impact by any vehicles and malicious acts.
Loss of rent and the cost of alternative accommodation
- Compensate for the loss of rent should the premises become uninhabitable due to acts of peril.
- Reimbursement of the costs of alternative accommodation in the event the property/content is damaged by fire or allied perils.
Domestic helper coverage
Family legal liability
Protect yourself and your family members against third party claims caused by accident in and around the premises.
Automated and guaranteed renewal
Choice to renew your plan automatically every year with further option of increasing the value of the building and contents at a certain percentage every year automatically.
Choice of contribution payment
Choice to pay your contribution amount annually, using your credit card or by directly debiting your bank account.
Cooling-off period
Cancellation of the plan is allowed within 21 days, from the date of dispatch of the plan, with full refund of your contribution.
Protect your home with peace of mind!
Apply for Home Takaful Plan now!
This offer is valid until 31 December 2009.
This plan does not cover the following:
Building and contents
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Loss or damage by wear and tear, infestation, corrosion, heat, damp, wet or dry rot, mould or frost or any other gradually operating cause.
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Loss or damage arising from faulty design, specification, workmanship or material.
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Loss or damage whilst the building is undergoing any structural repairs, alterations or extensions.
Domestic helper
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Hazardous pursuit and occupations
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Effect of intoxicating liquor or drugs
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Self-inflicted injury
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Pre-existing ailment
Contract issue is subject to plan terms and conditions.
The list of exclusions above is only indicative and not exhaustive. Please refer to the Plan terms and conditions for the full list of exclusions.
