Catering to the diverse requirements of its customers, Maisarah Islamic Banking Services, the Sharia-compliant window of BankDhofar, continues to offer diverse bundles of Takaful insurance that provide the needed coverage against personal accidents and critical illnesses.
The schemes are powered by Al Madina Takaful and are accessible to all Maisarah customers through its branch network across Oman, and they provide adequate insurance coverage in time of need where Maisarah acts as an agent providing Takaful services on behalf of Al Madina Takaful. All Takaful policies are provided by Al Madina Takaful, and the contract is between the customer and the Takaful insurance firm. Terms & conditions apply.
These Takaful insurance packages are Sharia-compliant products that can be easily obtained with a simple approval process and a very affordable premium compared to other schemes (terms & conditions apply).
Personal Accident Takaful Insurance covers accidental death and permanent total disability due to accidents, as well as repatriation costs of up to OMR 500 per person for the eligible age group between 18 – 60 years (could be extended to 65 years maximum). The sum insured is OMR 10,000 per person. Passive war cover is included.
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Meanwhile, the Critical Illness Takaful Insurance is designed thoroughly to cover the cost of treatment and hospitalization costs that could cause a severe financial burden on individuals and their respective families. The plan provides basic monetary support in case of critical illnesses including the cardiovascular, nervous system, organ failure, and cancer. Moreover, optional additional insurance cover of death by any cause is also available as per the discretion of the customer. The sum insured is OMR 10,000/ OMR 15,000/ OMR 25,000 per person, and the eligible age group is 18 – 65 years.
Maisarah continues to demonstrate a high degree of product innovation with an expansive range of Sharia-compliant financial solutions that cater to the needs of its retail and corporate customers. As part of its future growth plan, Maisarah aspires to distinguish itself by focusing on outstanding service quality, developing and launching state-of-the-art products, and investing in technology to provide the best customer experience through its expanding network of branches, ATMs, and CDM facilities.