Takaful Policy Wording
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Travel Guard Policy Wording
Chartis Takaful Enaya B.S.C (C) Regulated by the Central Bank of Bahrain (CBB); Registration No 61589
P.O. Box 20107, Manama, Kingdom of Bahrain
Tel: +973 1 756-5999 | Fax: +973 1 758-0688 |URL: www.aig.ae
Claims For travel insurance claims, call us on +973 1 756 5999 or write to us at firstname.lastname@example.org within 24 hours of
loss or damage.
Assistance Call our global assistance number +1 817 826 7276 and quote your travel policy number for assistance.
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The summary below provides details of how we will conduct the administration of this policy so as to
ensure it is
You and Your means the participant;
in compliance with Shariah. We have also provided below a list of terms and the specific meaning
that they have in the context of this Shariah compliant policy. When reviewing your policy for the
purposes of compliance with the Shariah, you can interpret the terms used in your policy as follows:
Shariah Terms and Definitions
Contribution means the payment of an amount by a Participant to the Takaful Protection Pool,
whether direct, through intermediaries or inward from other Takaful companies for the purpose of
mutual protection and assistance;
Cover or Coverage means protection;
Insurance means Takaful;
Insured or Covered means protected person or legal entity;
Insurer means Wakeel;
Operating Protocol means the Operating Protocol for the Takaful Protection Pool;
Policy means your Takaful protection policy;
Policyholder means the Participant;
Premium means the Contribution;
Shariah Supervisory Board means the Shariah Supervisory Board retained by us or an affiliate of
Wakeel means the company underwriting the Policy and responsible for providing the Cover and
administering the Policy in a Shariah compliant manner;
We, us, and our means the Wakeel providing your policy;
Shariah Compliant Administration of this Policy
1. By accepting the Contribution from you, we hereby agree to act as Wakeel.
2. Your Contribution shall be managed by us as the Wakeel with appropriate diligence and in
accordance with customary business standards and the Shari'ah.
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3. We have established an Operating Protocol wherein we have provided certain undertakings in
respect of our commitment to operate and invest the Contribution in a manner that is
consistent with Shariah.
4. As a Participant you are entitled to receive a copy of the Operating Protocol; should you wish to
do so, you will be required to submit a written request to us, your agent or broker.
5. As a Participant you may be entitled to receive a share of the underwriting surplus (if any) as
calculated by the Wakeel unless otherwise directed to Designated Charities by the Shariah
6. In our capacity as Wakeel, we shall be entitled to receive a Wakala Fee which shall be
calculated as five percent (5%) of the total Contribution; furthermore and in recognition of
positive underwriting results for the relevant Fiscal Year, we may be entitled to receive a share
of the underwriting surplus (if any) as agreed by the Shariah Supervisory Board.
7. You should understand that if, at any time, any aspect of the Takaful Policy Preamble becomes
illegal, invalid or unenforceable in any respect under the law applicable to the Policy, the
legality, validity or unenforceability of any of the remaining provisions of the Takaful Policy
Preamble or this Policy will not in any way be affected or impaired.
The Policy of which this Preamble is a part may contain customary insurance terminology and
provisions that have specific meaning in the country where this Policy is issued and pursuant to
whose laws this policy will be interpreted if there is a dispute regarding a claim or suit or the
interpretation of this Policy. We have left the customary insurance terminology as is, so as to ensure
that you obtain all of the benefits of the laws of the applicable jurisdiction. From time to time, you
may receive notices from us which will also use customary insurance terminology as may be
required by the laws of the applicable jurisdiction or to maintain consistency with the terms of the
The Policy is a substantial part of the Takaful arrangement; therefore, it should be read in
conjunction with this Takaful Policy Preamble describing the operational and procedural rules
regarding the enforcement of the protection coverage under this Takaful arrangement.
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I. Introductory Clauses
Period of Coverage
This Policy's coverage will commence on the Start Date of Cover appearing on the Policy Schedule.
This Policy will provide cover for Insured Journeys that are:
1. Booked after; or 2. Commenced after; the Start Date of Cover appearing on the Policy Schedule
Until the earlier of the date the Insured Person returns from his Insured Journey or the expiration
date shown on the Policy Schedule.
This Policy will run until cancelation or the expiration date shown on the Policy Schedule, or if earlier
the date the Insured Person returns from his Insured Journey.
For annual multi-trip plan, cover will terminate on the Insured Person's return to the Point of
Departure and recommence on his next Insured Journey.
The maximum period for any Insured Journey is restricted to 90 days for single trip policies and
annual multi-trip plan.
This Policy cannot be cancelled following the Start Date of Cover.
The Insured Person is liable for the Premium; the Premium is payable in advance and the Company
shall not be liable for any claim arising under this Policy that occurs prior to receipt of the premium.
The Company shall not be obliged to accept premium tendered to it or to any intermediary after
such date, but may do so upon such terms as it in its sole discretion may determine. The Company
reserves the right to ask for proof of payment of premium at any time. Such proof must be to the
Maximum Amount Payable
1 No Insured Person shall be entitled to recover a benefit exceeding 100% of the sum for an Insured Event as reflected in the Table of Benefits.
2 If two or more travel policies issued by the Company or any other member company of (AIG) apply to the same claim, the maximum amount payable by AIG or a member company under all
such policies shall not exceed the limit of liability of whichever of such policies has the highest
applicable limit of liability. Nothing contained herein shall be construed to increase the limit of
liability of this Policy.
The Company may cancel the Policy at any time by written notice delivered to the Insured Person
and cancellation shall be effective thereafter. Such cancellation shall be without prejudice to any
valid claim-originating prior thereto.
In the event the individual insurance offered to an Insured Person under the Policy for which the
Premium has been paid in advance is cancelled by written notice delivered to the Company and by
returning the original copy of the Policy (if applicable) prior to the Insured Journey commencements,
100% of the Premium shall be refunded.
In the event of termination of coverage of the Spouse and/or Child due to payment of the Principal
Sum, the Company will not refund any premium.
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This Policy will terminate on the earliest of the following dates:
1. The date of the Insured Person's return to the Point of Departure in his Country of Residence. For Annual Multi Trip Plan, cover will terminate on the Insured Person's return to
the Point of Departure and recommence on his next Insured Journey; or
2. The date that the Insured Person reaches the maximum age for the cover selected. 3. The expiry date appearing on the Policy Schedule. 4. The date the Premium is due and not paid. 5. The date the Insured person is no longer eligible within the classification of Insured Persons. 6. The date the benefits are paid to the extent of the Sum Insured in respect of any Insured.
Table of Benefits
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II. Plans and Table of Benefits
2.1 Insured Persons Policy
The Policy Schedule refers to the persons insured under this Policy by reference to the "Plan
Selected". The Plan names are as follows:
1. Platinum 2. Gold 3. Silver
2.2 Platinum Plan
Scope /Territory: 24 Hours / While on travel outside Country of Residence (Excluding
Afghanistan, Iraq, Cuba and Democratic Republic of Congo)
2.2.1 Table of Benefits
Insured Event Sum Insured
Section 1 - Personal Accident Benefits Principal Sum Insured: US$150,000
Accidental Death 100% of the Principal Sum Insured
Permanent Partial Disability % of the Principal Sum Insured as per scale.
Permanent Total Disability 100% of the Principal Sum Insured
Section 2 - Medical and Related Benefits
Emergency Medical Expenses (Accident &