Takaful travel is the Islamic equivalent of outbound travel insurance. The policy covers expenses arising from an insured event abroad, within the limits of the chosen programme and sum insured.
How takaful works
The policyholder is a participant in a takaful fund: the system assigns a participant number and the contribution goes into the mutual assistance fund. The contract terminology reflects this model: “takaful period”, “participant details”, “takaful contribution calculation”. The policy is issued to an individual.
Cover programmes
One of three programmes is selected: BRONZE, SILVER or GOLD.
Territory of cover
- Asia, the CIS, Africa, Oceania and Australia;
- the Schengen area and European countries;
- North and South America.
After the territory is chosen, the specific countries of travel are selected and entered in the policy.
Loading coefficients
By the nature of the trip — one option is selected:
- standard, ordinary holiday — 1.0;
- active holiday (A+) — 1.25;
- extreme tourism (E+) — 1.75;
- sport and sporting competitions (S+) — 2.00.
The age coefficient is applied automatically. Where several people are included, the calculation is made for each separately.
Cover restrictions
A restrictions block is completed for each insured person: the question “Does the insured person have any cover restrictions?” is answered Yes or No. It concerns the person’s health and the nature of the trip and is taken into account when the terms of cover are set.
Contribution
The total is the participant’s takaful contribution to the mutual assistance fund. A sales tax of 2% is applied.
How to arrange it
- Enter the takaful period — the travel dates.
- Enter the participant’s and the insured persons’ details in Latin characters, as in the passport.
- Choose the programme (BRONZE, SILVER, GOLD), the territory and the countries of travel.
- State the sum insured and the nature of the trip, and complete the restrictions block.
- Complete electronic identification, sign with an electronic digital signature and pay the takaful contribution.
The policy can also be arranged at the head office and at any SIO branch.
Documents required
The passport of each insured person; the dates of departure and return; the list of countries to be visited; the information for the cover-restrictions block.
If an insured event occurs abroad
- Before going to a clinic, contact the assistance service stated in the policy — it arranges treatment and payment.
- Keep all medical documents, invoices and receipts.
- Notify SIO — on the call centre numbers 0 553 54 54 00 and 0 707 54 54 00 or through the claim form on the website.
- After returning, submit a claim with the documents confirming the expenses.
Other takaful products
TDSI / DSIZI (Ijara) — takaful property cover; Takaful CASCO — motor cover.