This is a list of products offered by Takaful Insurance and its branches in Kenya. It is one of the 56 licensed insurance companies in Kenya by the Insurance Regulatory Authority. The company has been operating in Kenya since 2011.
Takaful Insurance Products
a) Individual Products
1. Fire & Perils Takaful
The Fire & Perils Takaful Policy provides indemnity against material loss to the property caused by:
- Fire
- Lightning – this is covered whether a fire occurs or not.
- Explosion – this includes the explosion of boilers and gas used for domestic purposes only.
- Explosion other than the one mentioned above
- Earthquake
- Riots strike and locked out workers
- Malicious damage
- Storm, tempest, flood
- Escape of water from any tank, apparatus or pipes
- Impact by any road vehicles or animals
- Aircraft and other aerial devices
- Bush fire
- Spontaneous fermentation or heating
- Subterranean fire
- Subsidence, ground heave, and landslip
2. Burglary Takaful Cover
The policy covers loss or damage to property as a result of :
- Theft consequent upon actual forcible and violent entry into the premises
- Theft or any attempt thereat by a person feloniously concealed on the said premises
- Hold up where gangsters enter the premises during business hours
- Damage to the building due to theft or attempt thereat.
3. Fidelity Guarantee Takaful
The policy indemnifies the insured against direct pecuniary loss or loss of stock, which might result from acts of dishonesty by an employee in the course of employment.
4. Fire Domestic Takaful
The policy is divided into five main sections namely:
Section A – Building
Section B –Contents
Section C – All Risks
Section D – Workmen Injury Takaful
Section E – Owners Liability
Section F – Occupiers Liability
Section A, B & C provides indemnity against material loss to the property caused by:
- Fire, lightning, thunderbolt, and explosion of domestic boilers and gas
- Earthquake, riot, strike, volcanic eruption and subterranean fire
- Aircraft and other aerial objects
- Escape of water from any tank, apparatus or pipes
- Impact with the Buildings by any road vehicle or animal not belonging to the Participant or any member of his family normally
- Theft accompanied by actual forcible or violent breaking into or out of the residence or any attempt
Section D covers death or injury to domestic workers arising out of and in the course of employment as per the Workmen Injury benefits Act (2007).
Section E & F will indemnify the owner of the residence against liability at law to pay compensation in respect of:
- Accidental bodily injury including illness to any person other than a member of the participant family or person in his service
- Accidental loss of or damage to property not belonging to or in custody or control of the participant or family member or person in his service.
5.Money Takaful Cover
The policy covers loss of money subject to the limits in the policy document while:
- In transit being carried by the participant or an authorized representative
- On the Participants premises during business hours
- In locked safe or strongroom out of business hours
- On the participant premises out of business hours not in a safe or strong room
- In the residence of any principal of the participant
- In the custody of collectors or salesmen
- Damage to safe or strongrooms
6. WIBA Takaful Cover
The WIBA Takaful provides Indemnity to an Employer against Legal Liability under the Workmen Injury Benefits Act (2007) in respect of assessments and awards for bodily injury to a workman due to accident or occupational disease arising out of and in the course of the employment by the employer in respect of the employer’s business.
7. Motor Cycle Comprehensive
Takaful will cover you for any loss or damage to the insured motorcycle and its spare part accessories. It covers any amount that you as the owner of the motor vehicle may be legally liable for. The policy also covers the death of or bodily injury to any person including all passengers. On top of that, it will cover you in respect of property damage.
9. Takaful Motor
Takaful will cover you for any loss or damage to the insured vehicle and its spare part accessories. It covers any amount that you as the owner of the motor vehicle may be legally liable for. The policy also covers the death of or bodily injury to any person including all passengers. Lastly, it will cover you in respect of property damage.
b) Corporate Products
1. Goods In Transit Takaful
A good in transit Takaful covers property against loss or damage while it is in transit from one place to another as a result of:
- Fire to the carrying vehicle
- Accident to the carrying vehicle
- Hijack of the vehicle
- Riots and strikes
2. All Risks Takaful
It covers accidental loss, damage, or destruction from any cause, including fire, which is not specifically excluded.
3. Takaful Umbrella Fund
This is a Shariah-compliant retirement benefits scheme. It pools together retirement benefits for small, medium, or large organizations and institutions with the purpose of coming up with a practical, cost-effective, Shariah-compliant, and professionally managed retirement benefits scheme for the members.
4. Afya Takaful
This is a medical policy with the following benefits.
Inpatient cover benefits
- Pre-existing, Chronic, Cancer and HIV AIDS covered within the
inpatient limit - Congenital defects or related illnesses
(conditions that a person is born with) - Prematurity conditions
- Psychiatric conditions
- First emergency cesarean Section within inpatient
- Maternity and related complications
(e.g. ectopic pregnancy, miscarriage, etc) - Road and air evacuation in case of an emergency
- Lodger Fee for children below 7 years of age
- Cover outside Kenya on holiday & business for a period of six weeks
from date of travel - Evacuation abroad for treatment not locally available.
- Qualified and dedicated personnel with the ability to address customer
queries - Antiretroviral drugs are covered
- Inpatient illness-related optical cover per family within inpatient
- Inpatient illness-related dental cover per family within inpatient
Outpatient Cover benefits
- Consultation with a general practitioner
- Consultation with a specialist upon referral by a general practitioner up to the specialist’s charges
- Laboratory investigations and tests
- X-Rays
- Prescription medicines
- Outpatient procedures e.g. Dressings
- Physiotherapists fees
- KEPI vaccinations up to 1.5 years.
- Daycare procedures
- Pre-existing, Chronic, Cancer and HIV AIDS covered to the full
outpatient limit - Congenital defects or related illnesses
(conditions that a person is born with) - Prematurity conditions
- Psychiatric conditions
5. Motor Commercial
Takaful will cover you for any loss or damage to the insured vehicle and its spare part accessories, any amount that you as the owner of the motor vehicle may be legally liable for, death of, or bodily injury to any person including all passengers in the vehicles and property damage.
6. Motor Third Party Only
It provides cover against death of or bodily injury to any person including all passengers in the vehicles and property damage caused by the vehicle.
7.Motor Cycle Comprehensive
Takaful will cover you for any loss or damage to the insured motorcycle and its spare part accessories. It covers any amount that you as the owner of the motor vehicle may be legally liable for. The policy also covers the death of or bodily injury to any person including all passengers. On top of that, it will cover you in respect of property damage.
8. Index-Based Livestock Takaful (IBLT)
This policy provides protection against prolonged lack of pasture ONLY as a result of severe drought. It helps pastoralists keep their livestock alive during a severe drought season.
List of Takaful Insurance Branches in Kenya
1. Takaful Insurance Head office
Location: CIC Plaza, Mara Road, Upper Hill
Contact: +254 (20) 2725134
2. Takaful Insurance Nairobi CBD Branch
Location: Rehani House, 2nd Floor, Koinange Street
Contact: +254 (20) 2222744/5
Contact: +254748599702
Contact: +254 741 540 963
Contact: +254748 599 704
Contact : +254733888467
