Review of Takaful Emarat Insurance UAE

In the world we live in, it is important to take care of yourself and your family, both financially and health-wise. Being without adequate cover or care could leave you in a difficult situation when an emergency occurs.

Read on to learn more about the solutions offered by Takaful Emarat Insurance PSC and how this insurance is in keeping with Shariah compliance.

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Overview of Takaful Emarat Insurance PSC

Takaful Emarat is a co-operative insurance system. It works in line with Shariah principles and, as such, is based on shared contributions and, of course, cooperation. There is a specially appointed Shariah Supervisory Board to guide Takaful Emarat in these matters and ensure full Shariah compliance. All products are free from interest, gambling, and uncertainty.

Established in 2008, Takaful Emarat Insurance PSC provides life and health insurance solutions. Their objective is to promote the concept of Takaful as an alternative to traditional insurance. Being Shariah-compliant means that its clients can have their modern-day needs met without compromising their principles.

The principles that govern Takaful Emarat Insurance are simple: nobody gains an advantage due to another person’s loss. A cooperative insurance system ensures that losses are divided and liability is spread.

Takaful Emarat Health Insurance Products

In line with UAE law, health insurance is a requirement to ensure that all residents are covered for their healthcare needs. This is especially true in times of emergencies. Thus, Takaful Emarat Health Insurance offers health insurance to assist with your medical bills.

When it comes to health, Takaful products have you covered. Health insurance is now mandatory under UAE law. Takaful Emarat provides you with a range of options to ensure that your health insurance needs will be satisfactorily met.

These are some reasons why Takaful Emarat Health Insurance is the best provider of health insurance:

Instant coverage
Worldwide coverage
Access to a network of medical providers
It abides by UAE Health law.
Access to customer service 24 hours a day, every day.
There are different ways to pay:
- You can pay annually, biannually, or quarterly.
- Pay in AED or USD.

Individual Health Insurance

Your personal health is covered by suitable health insurance that has been approved by the members of Takaful Emarat’s Shariah Advisory Board.

There are in-patient treatments and outpatient benefits, as well as maternity coverage. With maternity coverage, you can get various screenings included in line with DHA requirements.

Alternate health treatments like homeopathy are available as natural treatments. In addition, you get worldwide coverage of up to 1 million AED per member.

It is imperative to get the best health services possible. With Takaful Emarat health insurance, you get access to a network of approved clinics, dental benefits, and trips to the hospital when you need them.

Cover includes:

Medication (prescribed medicines, up to 15,000 AED per year)
Physiotherapy sessions (up to 20 sessions per year)
Dental Cover (up to 3,000 AED per year)
Optical Cover (Optional, up to 1,500 AED per year)

Company Health Insurance

Your company may offer employees and their families suitable health insurance that has been approved by the members of Takaful Emarat’s Shariah Advisory Board.

Corporate life can take a toll on your personal life because sometimes the work may be onerous. That is why it is beneficial when a company offers its employees extra insurance and health benefits.

With company health insurance, these are some of the benefits:

Emergency cover
Dental visits and dental treatments
Physician visits
Medications

Takaful Emarat Co-operative Insurance System

The cooperative insurance system, which is fully Shariah-compliant, opens the door for life protection plans.

Takaful Emarat Life Protection

The uncertainties we face in life can be frightening. However, you can rest easier knowing that your family will be well taken care of in the event of your passing.

Individual life protection

Takaful Emarat can give you that peace of mind. With life protection, you can choose from three products.

Fixed Term
Decreasing Term
Accident Cover

Each life insurance option is tailored to your needs. Upon your passing, your family will still be able to maintain a good standard of living.

Corporate life protection

Corporate life can be very busy, leaving little time for family and friends. That is why employees will be happy knowing that their hard work helps provide life protection for the future.

Takaful Emarat Savings and Investment Plans

Individual Savings

Growing your wealth is a way of providing for the future. Wherever you are in your journey through life, Takaful has a solution that can work for you. Takaful wants to see you grow and prosper. That is why there are savings and investment options for every step of your life’s journey.

Group Credit

Protect your company from unforeseen events. As your business grows, you do not have to worry about seeking funding elsewhere. Policyholders are covered in the event of an untimely passing, accident, or terminal illness.

Group credit can help you keep your business going while it is growing. It is a cost-effective group-sharing product that gives you financial security when you need it. And in the event of your passing away, you will not default on the loan amount, as Takaful Emarat insurance will ensure the financial institution receives their outstanding amounts.

Contact Takaful Emarat Insurance

Policyholders and new customers can contact Takaful customer service at 600522550.

You can also send an email with your questions to customerrelations@takafulemarat.com.

Customers are welcome to visit the head office, which is situated in Dubai. There are also branches in Sharjah and Abu Dhabi, UAE.

FAQs

How is Takaful Emarat Insurance different from other insurers?

Takaful members all contribute to a shared pool. This means that they all contribute to a shared fund, which covers potential risks.

Is Takaful Emarat Insurance regulated in the UAE?

Yes, Takaful is regulated by the Insurance Authority. This is to ensure that it is fully Shariah-compliant. This protects the interests of the policyholders.

What exactly is the Takaful Shariah Board?

The Shariah Board guides Takaful Emarat Insurance with all decisions and approvals on any products offered to clients. Every product must be Shariah-compliant in order to be offered under the company banner. The Shariah Board is made up of highly reputable Islamic scholars.

I understand this is a risk-sharing initiative. Is it also a profit-sharing initiative?

Surplus funds that are generated are then distributed between the policyholders. This is in line with the principle of equal loss and equal gain.