Tazur launches “Salam” brand
POSTED IN BLOG, Events & More 28.04.2010
In partnership with BRIO Communications, Tazur Takaful Insurance Company has announced the launch of “Salam Policy” – the first prepaid insurance in Kuwait, salam covers personal accident insurance or individual large number of communities working in Kuwait after obtaining the approval of the shari’ah advisory borad.
General Manager of Tazur Takaful insurance company Mr. Abdulrazzaq Al-Wohaib has announced in a press conference that this product launched for the first time in Kuwait and the Gulf region as a prepaid service and will attract large number of expats in Kuwait from various nationalities.
Al-Wohaib said that the policy includes the coverage of insurance, including compensations for the case of accidental death worth 15 thousand US dollars, and compensation amount of 10 thousand US dollars in the event of permanent total disability resulting from an accident accordance with the conditions contained in the policy and ensuing the transfer of bodies in case of death to the origin country of the deceased worth 1,500 US dollars.
Al-Wohaib explained that Tazur set its value to participate in this insurance policy at a cost of 10 kuwaiti dinars only. Al-Wohaib pointed that Tazur has set strategic partnerships with the leading companies in Kuwait to operate and manage the product and its claims such as Automated services network company that ahs strong distribution points.
The company developed within its strategy since its inception and launch of its latest insurance services, where the symbiotic declare annually for more than three products launched for the first time in Kuwait.
Al-Wohaib added that Tazur is studying expansion plans to penetrate new markets including the market of Saudi Arabia, Bahrain and Qatar. Al-Wohaib said that the company pet part of expanding its interest to enter the Gulf markets, which witnesses significant growth in the Takaful market.
Al-Wohaib added that the region will see great deals between the companies during the next 18 months to take advantage of the tremendous growth potential, he anticipated that there will be minimum of three big deals in 2010 and that the biggest international companies will move to the region and establish joint ventures to take advantage of the Islamic insurance market growth.