Takaful which stands for solidarity is basically a cooperative insurance system. It is guided by the concept of mutual cooperation and shared contributions. FISCO is a leading provider of insurance solutions which also cover Takaful insurance. By way of Takaful insurance, we offer pooled compensation to our members who are in need or after suffering losses.
Conventional insurance comprises making investments than can generate high profits over time but involve a lot of risks that are retained by the company. The good thing about Takaful insurance is that none of the members can benefit at the expense of others. Thus, there is cooperation among policyholders for the common benefit of every member.
Why choose FISCO?
Fisco holds a relatively long experience in Islamic Banking and offers unique products to its clients. Our Takaful-based insurance offers the following to the customers.
- Family Takaful offers comprehensive coverage including protection policy and long term savings for the beneficiaries. This proves to be one of the best investment instruments as far as tax savings are concerned. Other products which fall under this category include child education and investment-linked Takaful.
- Group Takaful is most commonly purchased by employers and offers unique benefits on disability, terminal illness, death, etc. The said benefits are offered to the person named in the policy or to that person’s beneficiaries.
- Health Takaful plans cover the medical treatment charges that are incurred in case of illnesses or accidents. This particular coverage may be availed individually or it can be added to the basic family plan for enhanced coverage and better benefits.
- General Takaful comprises areas such as home insurance, accidents, and auto insurance.