What is Takaful?
Takaful or Islamic insurance is a pact among a group of participants who agree to contribute to a fund to assist each other in the event of misfortune, similar to the ’Aqilah system which was practised during the time of the Prophet Muhammad Peace Be Upon Him (PBUH).
Is Takaful expensive?
Not everyone has Takaful protection, one of the factors that hinder people from participating in Takaful is they may assume it’s only for those who have the extra money to spend. However, Takaful coverages are made to suit individual’s needs and preference without blowing a hole in one’s wallet. For example,
|Product Takaful||Period||Annual Contribution|
|Comprehensive Home Package Takaful||One year||As low as $50|
|Personal Accident for Active Life Takaful||One year||As low as $35|
|Aman Takaful||One year||As low as $8|
What to consider before choosing a takaful coverage?
Takaful protection products can vary from protecting your property and assets to your health and wellness. You even have takaful products that can help you systematically save for your retirement, wedding, education fund and so much more. You have to look at your priorities and plan ahead. Remember that a takaful plan is used to help you throughout your life every step of the way. Protecting you and your loved ones.
For more information you can contact the TBA Call Centre at 224 4000 or theTBK Call Centre at 223 1100. Visit www.takafulbrunei.com.bn. Download and register onto the Takaful Brunei Mobile app available on both Google Play and Appstore to take advantage of promotions, discounts and earn reward points.
This article was first published on 26 March 2022 in our Weekly Epaper issue 186 | More stories here
THE BRUNEIAN | BANDAR SERI BEGAWAN