Ahlibank launches new Takaful Home Contents policy in partnership with Takaful Oman
As part of its consistent efforts to provide a diverse bundle of financial products and services to customers across the sultanate, Ahlibank has tied up with Takaful Oman to provide comprehensive a Takaful Home Contents product, as part of its Bancassurance products. Like any other asset, one's dream home is also exposed to various risks, the newly announced innovative Takaful Home Contents plan will cover all risks as per the terms and conditions and provide peace of mind at very affordable contributions to customers.
Takaful Home Contents policy will cover accidental losses or damage to home contents due to perils such as fire, explosion, lighting, earthquake, smoke, storm and flood, riots, civil commotion and strike, malicious damage, impact by vehicles, aircraft or aerial devices and burglary. The Takaful policy will cover contents within residential apartments and villas within the sultanate .
Hana al Hinai, DGM - Retail Banking Product Development and Private Banking, said, “Taka- ful Home Contents product will provide much more comprehensive and competitive protection for its customers’ homes and contents. Our customers have always been our priority and we are constantly working to improve our products and ensure they meet the evolving needs of our customers. After a lot of study and research, we came up with a flexible home contents in- surance that is customisable, value-for-money and I dare say, probably the only home insurance you will ever need.”
The Takaful policy offers protection up to RO50,000 for home contents and up to RO5,000 for personal belongings in the event of physical loss or physical damage. The policy comes with multiple plans and allows you complete flexibility in choosing the best way to protect your beloved home and home contents, either as a home owner or a tenant. More importantly, unlike almost all other products of the same kind in the market, the new Takaful Home Contents product will enable customers to not only easily select a suitable plan to insure their contents without the headache of listing every single item in the house at the time of purchase, but also to make a claim with greater simplicity and flexibility than ever.
The product offers plans with contributions starting from as low as RO20 per year. Benefits include protection to Home Contents up to RO50,000 and protection to Personal Belongings as high as RO5,000. The bank has introduced these basic and premium offerings after careful deliberation and feedback to meet the specific demands of its customers, ultimately catering to the needs.
Under the premium plan, customers will also get reimbursed the cost of alternative accommodation for six months or RO25,000 whichever is earlier, in case the covered premises is rendered uninhabitable due to the covered damages. The insurance also covers loss of or damage, including accidental damage, to pedal cycles and their accessories belonging to the insured home.
The policy also allows the customer to opt for coverage on the structure of the residential apartment or villa for accidental damage due to a covered event at a nominal additional value.