1. INSURANS ISLAM TAIB
BRUNEI DARUSSALAM

2. INSURANS ISLAM TAIB
-company profile-
Establishment and Set Up
Wholly owned subsidiary company of Perbadanan
Tabung Amanah Islam Brunei (TAIB).
Incorporated on 3 March 1993, under Brunei’s
Companies Act (Cap.39), under the name Takaful
TAIB Sdn. Bhd.
11 June 1997, changed its corporate entity to Insurans
Islam TAIB Sdn. Bhd.
Composite Takaful Company (General & Family
Takaful)

3. INSURANS ISLAM TAIB
-company profile-
About Parent Company
Perbadanan Tabung Amanah Islam Brunei
(loosely translated in English as the Brunei
Islamic Trust Fund) or more commonly known as
TAIB, was established on 29th September 1991.
The establishment of TAIB came by virtue of the
Constitution of Brunei Darussalam (Order under
section 83(3)) Emergency (Perbadanan Tabung
Amanah Islam Brunei) Order 1991.

4. INSURANS ISLAM TAIB
-company profile-
About Parent Company
TAIB is principally engaged in the provision of
services related to the Islamic banking business
and carrying out several economic
development projects in Brunei Darussalam.
The launching of TAIB marked a new
beginning for Brunei Darussalam as TAIB was
the first Financial Institution that conducted all
its activities in accordance with Islamic faith

5. INSURANS ISLAM TAIB
-company vision, mission and goal-
To provide competitive Takaful
/ Islamic insurance products and
Services that comply to the
Syariah principles as well as to
give sound and Professional
Mission consultation services to
customers through well trained,
highly courteous and efficient
personnel supported by the use
of advanced and latest
information technologies (IT).

6. INSURANS ISLAM TAIB
-company vision, mission and goal-
VISION
To develop Insurans Islam TAIB Sdn Bhd
(IIT) as one of the five leading
companies in the insurance industry by
the year 2007 and to position IIT as the
top three leading companies by year
2010.
Goal
• To increase shareholders wealth in
the long term.To achieve excellence
in customer care.
• To strive for continuous increase in
market share.
• To maximize profits.
• To increase efficiency.

7. INSURANS ISLAM TAIB
-board of directors-

8. 1) FAMILY TAKAFUL
Siswa Takaful Plan
facilitates parents or guardians who have plans to accumulate
special future scholarship fun for their children
 Eligibility - Participant/child must be below 18 years old.
Parent or guardian must be less than 55 years old during
participation and not exceeding 65 year of age when the
certificate matures.
Maturity Period - When Participant/child turns 18 years old
Scope of cover – 1) Participant/child Death , Total Permanent Disablement,
Personal Accident
2) Beneficiaries / Parents or Guardian Death, Total Permanent
Disablement, Additional Cover
3) Additional Cover for Beneficiaries / Parents or Guardian
(Optional) Personal Accident, Hospital Benefit, Family Rider

9. FAMILY TAKAFUL PLAN - EDUCATION
Offers Takaful coverage and saving if you plan to accumulate fun
systematically for future needs, for instance as retirement fund or as a
will to next of kin, should untimely death or permanent total disability
occurs
 Eligibility - Participation must be made by an individual on his/her
own name. 18 years old and above and not exceeding 65
years old when policy matures. Healthy and not
working or not involve in any dangerous activities.
 Takaful Participation Period -
Years 10 15 20 25 30 35 40
 Takaful Instalments - Minimum takaful instalments at B$15.00 per
month, Participant may choose to pay the
takaful instalment either monthly ($15),
Quarterly ($45), Half-Yearly($90), or Annually
($180)

10. MORTGAGE TAKAFUL PLAN
Takaful protection for any financial loan taken by individual(s) from Banks,
financial institution or employer such as the Government in acquiring or
purchasing fixed assets such as land, house, vehicle and other
 Eligibility - 18 years old and above and not
exceeding
 Scope of Cover - Basic coverage : Death and Permanent
Total Disability due to accident and
illness.
 Takaful Period - The participation or coverage period is according to
the loan/ financing repayment period asset by the
financier.
 Mortgage Takaful Plan Products (PTG)
1) MTP Personal Financing 5)MTP Electrical Goods Financing
2) MTP Home Renovation Financing 6)MTP Computer Financing
3) MTP Educational Financing 7)MTP Housing, Land Financing
4) MTP Car Ownership Financing

11. Domestic Servant Takaful
Participants under this Scheme shall receive AL-Mudharabah (profit
return) from the fund’s profit on condition that the Participant has not
incurred any claims and / or not received any benefit under the
certificate whilst it is in force.
 Purpose - Provides a comprehensive Takaful coverage if death or
permanent total disablement occurs to the domestic servant due to
any accident or illness. To reduce employer's financial burden due to
death of the domestic servant in relation to administration and
repatriation costs. To fulfil the Labour Act requirement
 Scope of Cover - Death and Permanent Total Disablement (PTD),
Repatriation, Medical Expenses, Due to accident or
illness
 Profit Returns

12. Credit Card Holder
Scope of • Death and Permanent Total
Disability due to accident
Cover and illness
• Participation must be
Eligibility made by an individual
on his/ her own name.
• Provides financial guarantee
to credit card issuer and to
reduce financial burden that
Objectives may befall to the participant’s
beneficiaries as the card credit
outstanding balance will be
settled

13. 2) General Takaful
• Fire Takaful Plan
• Motor Takaful
• Householder Takaful Plan
• Takaful Kembara
• Motorcycle Takaful Plan
• Fire Takaful
• Personal Accident Takaful Scheme
• Personal Accident

14. Fire Takaful Plan
Profit Returns
Additional Coverage
Scope of cover
To cover your house
against damage or loss by Participants under 1) House
: this scheme shall contents such
1) Fire or Lightning receive Al- as furniture &
2) Domestic Explosion Mudharabah fittings,
3) Aircraft and other
(Profit Returns) electrical
aerial devices and/or from the surplus
articles dropped there fund on condition goods.
from that the 2) Theft by
4) Rainstorm, Cyclone, participant have forcible and
Typhoon, Windstorm, not incurred any violent entry.
Earthquake,
Volcanic Eruption, claims and/or not
5) Housemaid personal
received any
property except money, benefit under their
bank notes and stamps certificates whilst it
(as listed) is in force.

15. Motor Takaful
Scope of Cover
• Comprehensive
• Third party
Objectives
• Comprehensive coverage for vehicles and the owner
Additional Coverage
• Windscreen cover.
• Legal liability to passengers.
• Flood

16. Purpose
Householder
Takaful Plan/
House owner
Additional Scope of
Coverage Coverage

17. Purpose
1) To provide coverage in the event of
damage or loss (House)
2) To minimize the burden faced as a
result of disaster or calamity

18. Scope of coverage
Fire, lightning, explosions
 Bursting or overflowing of
domestic water tank
 Theft (forcible & violent
breaking, threat)
 Earthquake, flood, Typhoon,
Windstorm

19. Additional coverage
Landslide
Bush fire and riot

20. Objective
Eligibility Coverage
Takaful
Kembara

21. Objective
Conditions to participants are that the
travel must not be against the advice of
any medical practitioners and the travel
must not be for the purpose of obtaining
medical treatment abroad

22. Coverage
1) Scope of coverage
 Personal Accident
 Accidental injury to another person
 Funeral Compensation
 Third Party Liabilities
 Medical Expenses
 Emergency And Repatriation Costs
 Travel Inconvenience Coverage

23. 2) Coverage period
-1 day (min) to 60 days (max)
3) Commencement of coverage
- All trips must start and end in
Negara Brunei Darussalam.
-Cover must be incepted before
commencement of trip from Negara
Brunei Darussalam.
4) Geographical coverage
- Worldwide, subject to area coverage

24. Eligibility
Adult
Must be 18 to 65 years of age
 Family Members & Infant
minimum age of 6 weeks up to
maximum age of 65 years. Children
under 18 years of age must be
accompanied by a parent or a
guardian.

25. Objective
Profit Motorcycle Scope of
returns Takaful plan coverage
Additional
benefit

26. Objectives
Comprehensive coverage for the
Motorcycle and participant.
To fulfill the requirement of the Land
Transport Act.

27. Scope of coverage
Legal liability to the passenger of
the Motorcycle
Personal Accident Coverage

28. Additional benefit
Compensation of B$5,000 in the event of
death due to accident for the participant

29. Profit return
This scheme is based on the principles of
Al-Tabarru (Donation) and Al-
Mudarabah (Profit Sharing).
Particpants under this scheme shall
receive Al-Mudarabah from the surplus
fund on condition that the participants
have not incurred any claims and/or
received any benefits under the certificate
whilst it is in force.

30. FIRE TAKAFUL
Eg:- 'Rancangan Perumahan Negara and Skim
Tanah Kurnia Rakyat Jati' Fire Takaful
Scheme.
Purpose:-
To provide takaful coverage in the event of damage
or loss and, will reinstate or repair the home as it was
before.
To minimize the burden faced by participants as
result of disaster or calamity.

31. Scope of Cover:-
• Fire or Lightning
• Domestic Explosion
• Aircraft and other aerial devices and/or articles dropped there from
• Rainstorm, Cyclone, Typhoon, Windstorm, Earthquake,
Volcanic Eruption
• Third party liability
• Housemaid personal property
Additional Coverage:-
House contents such as furniture & fittings, electrical goods
Theft by forcible and violent entry
Bursting or overflowing of domestic water tank, apparatus or pipes

32. PERSONAL ACCIDENT TAKAFUL
SCHEME FOR STUDENT
Purpose:-
To insure all day coverage to students. Benefits to
students or parents as a result of accident.
Scope of Cover:-
 Any school activities.
 In any form of transportation whether as driver or
passenger.
 Drowning, lethal gas, food poisoning and poisonous
stings.
 Civil unrest and riots .

33. Period:-
• 24 hours a day. One year coverage.
• For students being transferred to another
school, the coverage would still be valid
provided it is being informed.
• Coverage will be ceased once the student
is expelled.

34. PERSONAL ACCIDENT
Purpose:-
• Provide takaful coverage for individuals.
• Provide financial assistance to individual and
family if any misfortune or accident happened.
Eligibility:-
• 18 years old and above and not exceeding 65 years
old.
• Citizens and Permanent Residents of Negara
Brunei Darussalam.

35. Scope of cover:-
Provide 24 hours coverage for individuals
due to accident involve:
• In any form of transportation whether as
a driver or passenger.
• Drowning, lethal gas, food poisoning and
poisonous stings.

36. Takaful Contract Model Used

37. Al-Mudharabah and Al-Tabarru’
• Motorcycle Takaful Plan
This scheme is based on the principles of Al-Tabarru
(Donation) and Al-Mudharabah (Profit Sharing).
• Personal Accident Takaful Scheme For
Student
Participants receive it from the fund’s profit on
condition that the participants has not incurred any
claims or not received any benefit under the
certificate whilst it is in force.