Life insurance provides financial protection for dependents in the event of death by paying out a lump sum. It is the most important form of insurance because death is certain and can cause financial hardship. While investments may earn returns, only life insurance provides a guaranteed payout without risk of loss of premiums. The document discusses the importance of life insurance for managing the financial implications of death on dependents. It compares potential returns of other assets to emphasize life insurance provides its benefits without investment risk.
3. In any activity of life there is a possibility that a desired
event may fail to occur and that pecuniary(financial) loss
may arise. In adventures by sea the ship may fail to make the
port(remember Titanic!);
or the cargo may be damaged or lost. In the adventure of life
itself, the life may fail and death may occur, causing
suffering to dependants. Death comes to all sooner or later,
and it is the only truth in this world. The rest as they say is
all maya(illusion).
So if death is the only truth, then why do we ignore the
implications of the event? Because of the nature of its
permanence, and all pervasive; death requires understanding
the financial implications on the dependents. Life insurance
is therefore the most important of all forms of insurance. It’s
significance pales the other forms of not just insurance but
alsoall investment instruments.
10. Shareholders
I. Gulf Insurance Company K.S.C. (GIC) (59.5%)
II. Faisal Islamic Bank (8.25%)
III. Misr Iran Development Bank (8.25%)
IV. Banque Misr (8%)
V. National Bank Of Egypt (8%)
VI. Social Fund for Development (8%)
11. Egyptian Life
Takaful Company
is making every
effort to be the
company of
choice in the
Middle East to its
clients,
shareholders and
employees.
We will introduce
the finest sharia
compliant insurance
products to the
Egyptian market
ensuring the peace
of mind for our
clients from the
daily risks that
threatens the future
of their families
supported by highly
admired customer
service.
We will also ensure
that our shareholders
are provided with
profitable growth and
substantial return on
capital. Egyptian
Takaful Life will
provide its with an
enviremployees
onment where they
will be challenged,
appreciated and
respected.
Our promise is to be
always with you
whenever you need
and wherever you
are. We put our
clients,
shareholders and
employees at the
heart of everything
we do.
Vision
&
Mission
12. The Egyptian Financial Supervisory Authority, (EFSA)
The Shariah Supervisory Committee
Our Shariah board members are
15. 1-Insurance of unexpected risk .
2-Financial compensation in the event of a partial
disability or death .
3- Pay premiums for a certain period and get the
value of the insurance Policy when its goal achieved.
4-I do not know anything about insurance.
50%
30%
10%
10% 1
2
3
4
16. 1-No.Because insurance is prohibited.
2-No. Because the insurance is welfare
for me.
3-No, I had not thought of before.
60%
30%
10%
1
2
3