Amăna Takaful distributes surplus to policyholders
|
Sanjeewa Kaluarachchi, Asst. Manager General Underwriting,
Aashiq Aminnuddin, Snr Manager, Marketing, Nalin Sakalasooriya,
Senior Manager, Motor Claims, M.G.M Ansari, Senior Manager,
Business Development (Motor Takaful), Titus Perera, Chairman,
Kings Rent A Car, Suresh Perera, Director, Kings Rent A Car,
Kishan Perera, Director, Kings Rent A Car
|
Redefining insurance the Takaful way, Amăna Takaful PLC (ATPLC),
announced to its general insurance customers a "payment of surplus",
which gives Takaful policyholders a proportionate rate from the surplus
of the Risk Fund.
As opposed to conventional insurance the Takaful concept not only
benefits claimants but also takes care of non-claimants. Non-claimants
receive a proportionate share of the surplus from the risk fund at the
end of a defined period. By virtue of being a Takaful policyholder, one
becomes a participant of the risk pool.
The risk pool meets all claims of the membership among other
expenses. In the event of a surplus in the risk pool, non-claimants
among the participants are entitled to a proportionate share of the
proceeds.
"With our relentless pursuit to achieve sustainable growth and
profits we are delighted to share a surplus in the first year of our
revised strategic plan. Non-claimant Takaful policyholders will receive
their share of the surplus amounting 12.5% of the residual portion of
the Risk Fund shortly, said Fazal Ghaffoor, Chief Executive Officer,
Amăna Takaful PLC.
"All policyholders will do well to note that this must not be
confused with the no claim bonus (NCB), which is a feature of any
regular motor insurance policy", he said. |
