MC

Methaq Takaful Insurance Company

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Methaq Takaful Insurance - Company Research Report



Company Overview



Name: Methaq Takaful Insurance



Mission of the Company:


Methaq Takaful Insurance is dedicated to fostering trust, ensuring protection, and establishing new benchmarks in the insurance industry. Their mission is to secure the future and peace of mind for all clients by customizing offerings to meet their evolving protection needs within the UAE, GCC, and beyond, while adhering to ethical principles rooted in Shariah.

Vision:


Methaq Takaful aspires to elevate from a local UAE company to a leading regional takaful insurance group, offering comprehensive general insurance services that earn the trust of both corporate and individual clients.

Founding:


  • When was the company founded: No information is available.

  • By whom: No information is available.


Key People:


  • Investor Relationship Manager: Mohammed Elbouazzaoui


Headquarters:


  • Abu Dhabi: Liwa Tower, M Floor, ADNEC Area

  • Al Ain: Tadbeer Building, 4th Floor, Khalifa Street

  • Dubai: Nouf Tower, Port Saeed, Deira


Number of Employees: No information is available.



Revenue of the Company: No information is available.



What is the Company Known For:


Methaq Takaful Insurance is known for its commitment to providing reliable insurance services throughout the Middle East, building a strong foundation of trust and security for clients by offering tailored coverage based on Shariah principles.

Products



Personal Insurance Solutions



Motor Insurance


A comprehensive motor insurance solution offering:
  • Comprehensive Coverage: Protection against a wide range of situations including accidents and unforeseen mishaps.

  • Affordable Premiums: Quality protection at budget-friendly rates.

  • Quick Claim Process: Swift and seamless claims process.


Key Features:
  • Damage to own vehicle

  • Damage to third-party

  • Third-party liability

  • Theft of vehicle

  • Fire damage


Medical Insurance


Plans designed to ensure individual and family well-being with:
  • Versatile Plans: Includes 5 tailored plans.

  • Premium Services: 24/7 support and access to expert claims and preferred providers.

  • Complete Care: Coverage for outpatient, inpatient, maternity, and more.

  • Emirate-Wide Access: Reliable coverage across all Emirates.

  • Regulatory Compliance: Aligned with UAE health regulators.


Key Features:
  • Comprehensive medical coverage tailored to personal and family needs.


Home Insurance


Protection for one’s most valuable asset:
  • Comprehensive Coverage: Coverage for accidents, burglary, fire, and more.


Travel Insurance


Ensure peace of mind during travel with:
  • Flexible Plans: 4 packages with various options.


Corporate Insurance Plans


Methaq Takaful’s corporate insurance suite includes:
  • Fleet Insurance

  • Marine Insurance

  • Medical Insurance

  • Liability Insurance

  • Property Insurance

  • Engineering Insurance

  • Miscellaneous Insurance


Re-takaful


Objective-driven approach to re-takaful providing:
  • Optimum Capacities: Tailoring protection to perfect needs.

  • Highest Security: Elevating confidence in the protection offered.

  • Cost Efficiency: Value-driven protection.

  • Technical Support: Expert guidance throughout.


Reinsurance Partners:
  • General Insurance Corporation of India (Gift City, India)

  • African Retakaful Company (Africa Re)

  • Singapore Re

  • Labuan Re

  • Société Tunisienne de Réassurance (Tunis Re)

  • CCR Algeria

  • Lloyds


Recent Developments



What are the Recent Developments in the Company: No information is available.



What are the New Products Launched: No information is available.



What are the New Features Added to the Existing Products: No information is available.



Any New Partnerships:


  • Methaq Takaful has partnerships with top-rated European and Regional Reinsurers to enhance their commitment to security and peace of mind. Partners include General Insurance Corporation of India, African Retakaful Company, Singapore Re, Labuan Re, Société Tunisienne de Réassurance, CCR Algeria, and Lloyds.


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