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Products -
General
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  | Also known as Loss of Profits The normal certificate is limited to cover on material or capital loss but does not include losses in earning power, i.e. profits due to partial or complete cessation, standing charges and increased cost of working as a result of fire and/or other extended perils.
The certificate provides indemnity for the following:
Net Profit Standing Charges (i.e. those expenses that continue to exist at usual levels although business has been interrupted by fire e.g. Motor Vehicle expenses) Increased cost of working (e.g. overtime, rental of alternative premises or machinery, etc)
This cover does not become operative unless the material damage claim is paid or liability is admitted in respect of such damage. Therefore, it is important to ensure that the scope of cover under both the Material Damage (e.g. Fire Takaful) and Loss of Profits Takaful are identical.
Consequential Loss Takaful may not be issued unless Fire Takaful with scope of cover is also effected with the same Takaful Operator.
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Products -
General
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  | The basic certificate covers loss or damage caused by or arising from: - Fire
- Lighting, or
- Domestic gas explosion
Determination of Sum Covered Building and/or Plant and Machinery Indemnity is limited to the actual market value at the time of the occurrence of fire Stock The indemnity is based on the current market value payable by the Participant Special perils available for extension: - Riot, Strike and Malicious Damage
- Explosion:
- Industrial without boilers
- Industrial with boilers
- Non-industrial without boilers
- Non-industrial with boilers
- Impact Damage
- Bursting and Overflowing of Water Tanks, Apparatus or Pipes
- Earthquake and Volcanic Eruption
- Storm, Tempest
- Flood
- Aircraft Damage
- Bush/Lalang Fire
- Subsidence and Landslip
- Spontaneous Combustion
- Sprinkler Leakage
- Goods and stock undergoing any heating or drying process
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Products -
General
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  | The certificate is to cover for loss of or damage to the property covered by theft whilst contained in the Business or Trade premises.
The Proposer must, at the same time participate in the Fire Takaful scheme placed at the same time otherwise the proposal for this cover will be declined. Scope of cover: Theft accompanied by actual, forcible and violent Entry Damage to the property covered; or Damage to the premises due to such theft or any attempt threat
Indemnity for loss is: Market value at the time of loss less profit Net cost of repairing such damage to premises
Types of certificate:
| 1. | Full Value Certificate
The correct sum covered should be what the Proposer considers to be the highest amount at risk at any one time |
2.
| First Loss Certificate
The sum covered must be not less than the anticipated maximum probable single loss |
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Products -
General
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  | A Regular Contribution Investment- Linked Plan for up to 80 years old
The Takafulink plan is an investment-linked Family Takaful Plan which has been specifically designed to overcome your financial uncertainties in life and to allow you to maximise your total returns, added with an opportunity to enjoy higher income. Find out more | | . | |
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