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Rukhsa


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Brief




The Shariah Committee of Tawuniya has approved Motor Insurance Policies to become compliant with Shariah requirements as stated by the honorable committee members. The Committee has approved to Tawuniya launching the said product in the market after the revision and scrutinizing. This reflects the real keenness of Tawuniya to have its products compliant with the Shariah requirements. This reassures our clients, increases their trust in our products and relieves any worries.


Benefits




Why Ruksha Insurance?
• The abundant number of traffic accident which take place in the kingdom.
• The progressive increase in the number of victims (fatalities and injuries).
• The wasted money spent on the annual invoice payable by the Saudi community estimated at approximately
• SR 24 billion.
• The absence of a mechanism to compensate the victims and to protect those who cause the unintentional accidents.
• It covers total liabilities up to SR 10 million if the insured driver is involved in an accident
• It provides the insured driver peace of mind whilst driving the car
• it ensures the driver prompt release from police custody in case of third party liability resulting from a motor accident
• It saves the driver’s family from financial problems relating to the accident.
• The associated third parties will be fully compensated irrespective of the financial position of the driver.
• It simplifies the accident handling procedures.
• It minimizes traffic accidents by correlating insurance premium rates with the driver’s accident and violation record.


The Shariah Committee

The Shariah Committee of Tawuniya has approved Rukhsa Insurance  to become compliant with Shariah requirements as stated by the honorable committee members. The Committee has approved to Tawuniya launching the said product in the market after the revision and scrutinizing. This reflects the real keenness of Tawuniya to have its products compliant with the Shariah requirements. This reassures our clients, increases their trust in our products and relieves any worries.        

for more information about Shariah Committee click here

 

Files

Rukhsa Proposal Form

 Ruksa Policy Wording

Ruksa Leaflet Motor

Accident Notification Form

 
 
 
 
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