Secure your family's future and treasured belongings effortlessly with our Takaful Elite Life Plan, unlocking life's opportunities without the need for medical tests. Select from two substantial life Takaful options, OMR 100,000/- and OMR 250,000/-, offering extensive protection. Enjoy the added perks of a complimentary annual family multi-trip travel cover and gadget Takaful, ensuring comprehensive security for your family's well-being.
Features
- 24/7 worldwide coverage for high-value life Takaful
- Immediate payout and 25 monthly installments in the event of a claim
- Global family travel Takaful coverage
- Takaful protection for devices like iPhones, iPads, and laptops
- Easy enrollment process - no medical examination required
- Flexibility to select the term (2-10 years)
Benefits
Enjoy the benefit of key features designed to protect you and your family.
1. Flexibility to choose protection cover based on your needs:
- Plan Option 1: Sum Covered of OMR 1,00,000/-
- Plan Option 2: Sum Covered of OMR 2,50,000/-
| Benefits | Plan Option 1 | Plan Option 2 |
| High Value Life Takaful | OMR 60,000/- | OMR 150,000/- |
| Lifestyle Support | OMR 40,000/- in 25 equal monthly instalments | OMR 100,000/- in 25 equal monthly instalments |
| Total Benefits | OMR 100,000/- | OMR 250,000/- |
- Death due to Accident: 100% of Sum Covered from day one.
- Death due to Sickness:
Plan 1
| During first 12 months | 13 to 18 months | After 18 months |
| 20% of the Sum Covered (however death due to pre-existing medical conditions is not covered in the first 6 months) | 60% of the Sum Covered | 100% of the Sum Covered |
Plan 2
| During first 12 months | 13 to 18 months | After 18 months |
| 20% of 100,000 Sum Covered (however death due to pre-existing medical conditions is not covered in the first 6 months) | 60% of the 100,000 Sum Covered | 100% of 250,000 Sum Covered |
2. Worldwide Travel Takaful
| BENEFITS | LIMITS IN USD |
Section 1 –
Personal Accident | |
Death or PTD or Dismemberment
Children Maximum of 3 children | 10,000 per person
2,500 per child |
Section 2 –
Emergency Medical | |
| a) Emergency medical legal and referral services | 50,000 per person |
- Emergency evacuation and/or repatriation
| |
- Essential medication / medical equipment
| |
| |
- Transportation to join and/or Return of Children
| |
- Costs are admissible only if the Participant has travelled without any company and has been hospitalized for a period of more than 3 days.
- Maximum liability for return of dependent children left unattended to their place of residence shall not exceed USD 5,000/-
| |
| b) Services (Advice and/or Emergency Assistance) | Applicable |
- 24 hour worldwide Medical information and assistance
| 100 per day subject to a maximum of 1,000/- per family |
- Hospital Deposits guarantee
| 500/- per family |
- Medical monitoring legal assistance and miscellaneous non-medical assistance
| 250/- per family |
| c) Hospital daily benefit* | 50 per day up to maximum of 30 days (1500) per family |
| d) Repatriation of mortal remains | 15,000/- per family |
| e) Emergency medical expenses* | 75,000 subject to an excess of 150 per family |
| * Subject to a minimum hospitalization of 24 hours. | |
Section 3 –
Travel Inconvenience – limits are per family | |
| a) Cancellation and Curtailment | 500/- |
| b) Travel delay | 50 per hour subject to maximum of 500 and excess 8 hours. |
| c) Delayed baggage | 50 per hour subject to maximum of 500 and excess 8 hours. |
| d) Personal baggage | 1,250 subject to an excess of 25 each and every cause
Any one article – 250
Jewelry and Valuable - 250 |
| e) Personal Money | 500 subject to an excess of 50 each and every cause |
| f) Passport | 250 subject to an excess of 25 |
Section 4.
Personal Liability – limits are per family | |
| Legal Liability | 250,000 in the aggregate. |
3. Gadget Takaful
Personal Gadget includes Mobile Phones, Smart Phones (including iPhones), iPads, Laptops and Tablets.
| Scope of Cover | Accidental Damage, Theft, Fraudulent Call use, Breakdown, Accidental Loss |
| Sum Covered | OMR 500 |
| Excess | OMR 3O |
Eligibility
All Muzn customers residing in Oman between the ages of 18 to 60 years are eligible for Takaful Elite Life Plan
How to apply
Please complete the Application Form and submit to our staff at the nearest branch for further guidance.
FAQ's
1. Why Takaful Elite Life?
Choose the Takaful Elite Life Plan to enjoy:
- A comprehensive Shari'a compliant plan with added benefits
- High coverage of up to OMR 100,000 for Plan 1 and OMR 250,000 for Plan 2
- Low contributions
- Coverage for Annual Family Travel Takaful (Spouse + a maximum of 3 children up to the age of 18 years) in US Dollars
- Coverage for personal gadgets such as Laptops, Tablets, Mobile Phones, and Smartphones
- 24x7 worldwide coverage
- Lump sum payout and 25 monthly payouts on Death
- A convenient process with a quick application turnaround, simple procedures, and no medical tests
2. Is the Coverage restricted to Oman?
We offer global 24x7 High-Value Life and Annual Takaful cover and coverage for Gadgets Protection (within Oman only).
3. Is a health checkup part of the eligibility criteria for this plan?
No, there is no health checkup or examination required for enrollment in this plan.
- For Plan 1, there is no Health Checkup or Medical Questionnaire required for enrollment in this plan.
- For Plan 2, a Medical Questionnaire is required irrespective of age.
4. How many trips are covered with Annual Family Travel Takaful?
Unlimited trips outside Oman will be covered during the policy period, and a single trip shall be covered up to a maximum of 90 days. Customers will receive a Travel Takaful Membership Certificate for Visa purposes.
5. What does the coverage for personal gadgets include?
Personal Gadgets are covered against Accidental Damage, Theft, Fraudulent Call use, Breakdown, and Accidental Loss.
6. Is there an excess to be paid while claiming under Gadget Takaful?
Customers are required to pay an excess of OMR 30.
7. What is the coverage limit for Gadget Takaful?
The Sum Cover limit is OMR 500.
8. What are the eligibility requirements for plan enrollment?
The Participant should meet the eligibility conditions as stipulated by the Bank. The Covered Person and spouse should be within the age criteria mentioned herein.
- Minimum age at entry: 18 completed years.
- Maximum age at entry: 60 completed years.
- Maximum coverage age: 65 completed years.
The Participant should have a valid Oman residence visa for expatriates or a National Identity Card for Oman Nationals.
9. What are the Contribution payment options?
The Contribution payment has to be made annually.
10. Is there a free look/trial period under this Policy?
Yes, this policy entitles you to a full refund of the Contribution if you decide to cancel within the first 30 days of enrollment. The Company reserves the right to decline a second application following the cancellation of the first application under this plan from the same Participant.
11. Can I cancel my coverage at any time? Will I be eligible to get a refund after canceling a policy if Annual Contribution is paid in advance?
Yes, you can cancel the policy at any time, and 80% of the unearned Contribution shall be refunded on a pro-rata basis for the balance of the months of cover due under the Policy.
12. Will I still be able to avail of this coverage if I cease to be a resident of Oman?
No.
13. What if the customer already has a Life Insurance/Takaful Policy or a similar plan with another Takaful/Insurance Provider?
This Policy is independent of any other insurance/Takaful policy held by the Participant for High-Value Life Takaful Cover. However, for Worldwide Travel Takaful and Gadget Takaful, this Policy shall not be liable to pay or contribute more than its ratable proportion of such loss or damage.
14. Can the benefits under the cover terminate without customer instruction?
Yes, under the following circumstances:
- The date the Takaful Policy is terminated
- The date the named Participant is no longer eligible within the definition of Participant
- The Contribution due date if the required Contribution is not paid within the Grace Period
- The date the benefits are paid to the extent of the Principal Sum Cover in respect of the Participant
- The date the Participant(s) has completed 65 years of age.
15. What is the turnaround time in case of claim Settlement?
The claim settlement would take 15 working days from the date of submission of the complete supporting documents.
16. What is the required documentation to file a claim?
The required documentation varies depending on the type of claim, including Death Claims, Annual Family Takaful Travel Cover Claims, PTD Claims, Emergency Medical Claims, Cancellation & Curtailment Claims, Travel Delay Claims, Delayed Baggage Claims, Loss of Personal Money/Baggage claims, Loss of Passport claims, Personal Liability Claims, and Gadget Takaful Claims. Submission of the Takaful Membership Certificate is mandatory for all claims.
17. What are the main exclusions?
Please refer to the Takaful Elite Life Plan Terms and Conditions for a complete list of exclusions for High-Value Life Takaful Cover, Annual Family Travel Takaful Cover, and Gadget Takaful.
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