Bandar Seri Begawan – To enhance the protection of workers as well as to instil a savings culture among the people of the country, Takaful Brunei Keluarga/Family yesterday launched two of its newest products “Takaful Nur Savings” and “Takaful Employee Package”. Takaful Nur Savings is an affordable short-term savings plan that ensures the protection of the participants and their investments.
With a minimum saving period of one year and a maximum of five years, Takaful Nur Savings provides 24- hour worldwide coverage protection against death or total permanent disability worth $10,000. In addition, the applicant may opt for additional coverage for personal additions and or critical illnesses such as Alzheimer’s disease, Aorta graft surgery, blindness, cancer and others worth $50,000 and $15,000 respectively.
The Takaful Employee Package focuses on employee benefits, solutions and provides comprehensive Takaful protection on death and /or total permanent disability.
The basic coverage also covers the expenses incurred by the employer such as medical expenses and repatriation expenses worth $3,000 and $8,000 respectively.
Also included is the provision of common law coverage as well as 24-hour worldwide protection. In addition, the Takaful Employee Package fulfils the Workermen’s Compensation Act (Revised 1984).
Pehin Orang Kaya Seri Dewa Major General (Rtd) Dato Seri Pahlawan Awang Haji Mohammad bin Hj Daud, the Chairman of the Doard of Directors of Syarikat Takaful Brunei Darussalam Sdn Bhd and Group of Companies in his speech said, ” Takaful is a system of guaranteeing each other based on the principle of ‘At-Tawuni’ and it’s a channel whereby individuals tend to help each other in facing and sharing risks as well as provide ways to reduce the financial burden.”
He also explained the introduction of the Takaful Nur Savings. “Takaful Nur Savings is a Takaful plan created to encourage people of Brunei Darussalam to save. This is at the same time fulfilling His Majesty’s vision for the people of the country to practise a savings culture.”
He added, “Takaful Nur Savings is a Syariah compliant product and works as a short-term savings to fulfil the future financial needs like paying school fees, vacation, retirement savings and others.”
Meanwhile Takaful Employee Package is to protect employers from spending caused by any incidents. The Takaful Employee Package that was offered meet the full requirement of Workermen’s Compensation Act (Revised 1984) whereby employers are complied to pay compensation to the workers who suffer injuries during working hours.
The launching was officiated by Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Haji Awang Badaruddin bin Pengarah Dato Paduka Haji Awang Othman, the Minister of Home Affairs.
Dayang Hajah Mahana Hj Ajak, the Deputy General Manager of Takaful Brunei Family in an interview said, “Takaful Nur Savings used to be Takaful Cahaya Mata. The reason we have reintroduced the product with enhanced packaging is to instil a savings culture as well as protect the participants from illness, death as well as permanent disability.
“Previously the Takaful Employee Package was known as Takaful Domestic Servants and now we have enhanced it to be in line with Workmen’s Compensation Act. Both products comes with 24-hour worldwide coverage,” she added.
Speaking about claims, she urged the public to bring relevant documents on claims and added that it only takes two weeks to complete and process the claims.
–Courtesy of Borneo Bulletin