INSURANS ISLAM TAIBBRUNEI DARUSSALAM
INSURANS ISLAM TAIB                 -company profile-             Establishment and Set UpWholly owned subsidiary company ...
INSURANS ISLAM TAIB               -company profile-            About Parent CompanyPerbadanan Tabung Amanah Islam Brunei(l...
INSURANS ISLAM TAIB               -company profile-            About Parent CompanyTAIB is principally engaged in the prov...
INSURANS ISLAM TAIB     -company vision, mission and goal-                 To provide competitive Takaful                 ...
INSURANS ISLAM TAIB            -company vision, mission and goal-VISIONTo develop Insurans Islam TAIB Sdn Bhd(IIT) as one ...
INSURANS ISLAM TAIB -board of directors-
1) FAMILY TAKAFUL                           Siswa Takaful Planfacilitates parents or guardians who have plans to accumulat...
FAMILY TAKAFUL PLAN - EDUCATIONOffers Takaful coverage and saving if you plan to accumulate funsystematically for future n...
MORTGAGE TAKAFUL PLAN Takaful protection for any financial loan taken by individual(s) from Banks,financial institution or...
Domestic Servant TakafulParticipants under this Scheme shall receive AL-Mudharabah (profitreturn) from the fund’s profit o...
Credit Card Holder     Scope of       • Death and Permanent Total                      Disability due to accident      Cov...
2) General Takaful•   Fire Takaful Plan•   Motor Takaful•   Householder Takaful Plan•   Takaful Kembara•   Motorcycle Taka...
Fire Takaful Plan                                             Profit Returns                                              ...
Motor TakafulScope of Cover• Comprehensive• Third partyObjectives• Comprehensive coverage for vehicles and the ownerAdditi...
Purpose              Householder             Takaful Plan/             House ownerAdditional                    Scope ofCo...
Purpose1) To provide coverage in the event of   damage or loss (House)2) To minimize the burden faced as aresult of disast...
Scope of coverageFire, lightning, explosions Bursting or overflowing of  domestic water tank Theft (forcible & violent ...
Additional coverageLandslideBush fire and riot
ObjectiveEligibility               Coverage               Takaful              Kembara
ObjectiveConditions to participants are that thetravel must not be against the advice ofany medical practitioners and the ...
Coverage1) Scope of coverage Personal Accident Accidental injury to another person Funeral Compensation Third Party Li...
2) Coverage period     -1 day (min) to 60 days (max)3) Commencement of coverage     - All trips must start and end in     ...
EligibilityAdult      Must be 18 to 65 years of age Family Members & Infant    minimum age of 6 weeks up to    maximum a...
Objective Profit    Motorcycle     Scope ofreturns   Takaful plan   coverage           Additional            benefit
ObjectivesComprehensive coverage for the Motorcycle and participant.To fulfill the requirement of the Land Transport Act.
Scope of coverageLegal liability to the passenger of  the MotorcyclePersonal Accident Coverage
Additional benefitCompensation of B$5,000 in the event ofdeath due to accident for the participant
Profit returnThis scheme is based on the principles of  Al-Tabarru (Donation) and Al-  Mudarabah (Profit Sharing).Partic...
FIRE TAKAFULEg:- Rancangan Perumahan Negara and Skim      Tanah Kurnia Rakyat Jati Fire Takaful      Scheme.Purpose:-To p...
Scope of Cover:-• Fire or Lightning• Domestic Explosion• Aircraft and other aerial devices and/or articles dropped there f...
PERSONAL ACCIDENT TAKAFUL       SCHEME FOR STUDENTPurpose:-  To insure all day coverage to students. Benefits to  students...
Period:-• 24 hours a day. One year coverage.• For students being transferred to another  school, the coverage would still ...
PERSONAL ACCIDENTPurpose:-• Provide takaful coverage for individuals.• Provide financial assistance to individual and  fam...
Scope of cover:-Provide 24 hours coverage for individuals  due to accident involve:• In any form of transportation whether...
Takaful Contract Model Used
Al-Mudharabah and Al-Tabarru’ • Motorcycle Takaful Plan  This scheme is based on the principles of Al-Tabarru  (Donation) ...
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Insurans Islam Taib, Brunei

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  • - Participants under this plan shall receive Al-Mudharabah (Profit Return) from the surplus fund on condition that the Participants have not incurred any claims and/or not received any benefits under the certificate whilst it is in force.
  • Insurans Islam Taib, Brunei

    1. 1. INSURANS ISLAM TAIBBRUNEI DARUSSALAM
    2. 2. INSURANS ISLAM TAIB -company profile- Establishment and Set UpWholly owned subsidiary company of PerbadananTabung Amanah Islam Brunei (TAIB).Incorporated on 3 March 1993, under Brunei’sCompanies Act (Cap.39), under the name TakafulTAIB Sdn. Bhd.11 June 1997, changed its corporate entity to InsuransIslam TAIB Sdn. Bhd.Composite Takaful Company (General & FamilyTakaful)
    3. 3. INSURANS ISLAM TAIB -company profile- About Parent CompanyPerbadanan Tabung Amanah Islam Brunei(loosely translated in English as the BruneiIslamic Trust Fund) or more commonly known asTAIB, was established on 29th September 1991.The establishment of TAIB came by virtue of theConstitution of Brunei Darussalam (Order undersection 83(3)) Emergency (Perbadanan TabungAmanah Islam Brunei) Order 1991.
    4. 4. INSURANS ISLAM TAIB -company profile- About Parent CompanyTAIB is principally engaged in the provision ofservices related to the Islamic banking businessand carrying out several economicdevelopment projects in Brunei Darussalam.The launching of TAIB marked a newbeginning for Brunei Darussalam as TAIB wasthe first Financial Institution that conducted allits activities in accordance with Islamic faith
    5. 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 ProfessionalMission consultation services to customers through well trained, highly courteous and efficient personnel supported by the use of advanced and latest information technologies (IT).
    6. 6. INSURANS ISLAM TAIB -company vision, mission and goal-VISIONTo develop Insurans Islam TAIB Sdn Bhd(IIT) as one of the five leadingcompanies in the insurance industry bythe year 2007 and to position IIT as thetop three leading companies by year2010. 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. 7. INSURANS ISLAM TAIB -board of directors-
    8. 8. 1) FAMILY TAKAFUL Siswa Takaful Planfacilitates parents or guardians who have plans to accumulatespecial 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. 9. FAMILY TAKAFUL PLAN - EDUCATIONOffers Takaful coverage and saving if you plan to accumulate funsystematically for future needs, for instance as retirement fund or as awill to next of kin, should untimely death or permanent total disabilityoccurs 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. 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 orpurchasing 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 Financing2) MTP Home Renovation Financing 6)MTP Computer Financing3) MTP Educational Financing 7)MTP Housing, Land Financing4) MTP Car Ownership Financing
    11. 11. Domestic Servant TakafulParticipants under this Scheme shall receive AL-Mudharabah (profitreturn) from the fund’s profit on condition that the Participant has notincurred any claims and / or not received any benefit under thecertificate 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 employers 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. 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. 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. 14. Fire Takaful Plan Profit Returns Additional CoverageScope 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. 15. Motor TakafulScope of Cover• Comprehensive• Third partyObjectives• Comprehensive coverage for vehicles and the ownerAdditional Coverage• Windscreen cover.• Legal liability to passengers.• Flood
    16. 16. Purpose Householder Takaful Plan/ House ownerAdditional Scope ofCoverage Coverage
    17. 17. Purpose1) To provide coverage in the event of damage or loss (House)2) To minimize the burden faced as aresult of disaster or calamity
    18. 18. Scope of coverageFire, lightning, explosions Bursting or overflowing of domestic water tank Theft (forcible & violent breaking, threat) Earthquake, flood, Typhoon, Windstorm
    19. 19. Additional coverageLandslideBush fire and riot
    20. 20. ObjectiveEligibility Coverage Takaful Kembara
    21. 21. ObjectiveConditions to participants are that thetravel must not be against the advice ofany medical practitioners and the travelmust not be for the purpose of obtainingmedical treatment abroad
    22. 22. Coverage1) 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. 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. 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. 25. Objective Profit Motorcycle Scope ofreturns Takaful plan coverage Additional benefit
    26. 26. ObjectivesComprehensive coverage for the Motorcycle and participant.To fulfill the requirement of the Land Transport Act.
    27. 27. Scope of coverageLegal liability to the passenger of the MotorcyclePersonal Accident Coverage
    28. 28. Additional benefitCompensation of B$5,000 in the event ofdeath due to accident for the participant
    29. 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. 30. FIRE TAKAFULEg:- Rancangan Perumahan Negara and Skim Tanah Kurnia Rakyat Jati Fire Takaful Scheme.Purpose:-To provide takaful coverage in the event of damageor loss and, will reinstate or repair the home as it wasbefore.To minimize the burden faced by participants asresult of disaster or calamity.
    31. 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 propertyAdditional 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. 32. PERSONAL ACCIDENT TAKAFUL SCHEME FOR STUDENTPurpose:- 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. 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. 34. PERSONAL ACCIDENTPurpose:-• 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. 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. 36. Takaful Contract Model Used
    37. 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.

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