Engineering Takaful

The world of engineering involves a lot of incontrollable factors which make it susceptible to all sorts of incidents. Consequently, major and minor setbacks can cause long delays, endangering the schedule and integrity of the project. Our Engineering Takaful provides your construction site the protection you need to safeguard against unforeseen incidents. Under this plan, comprehensive and adequate protection against loss or damages with respect to constructions plants is made available, be they equipment, machinery or property damages. Other major covers include Erection All Risk (EAR), Machine Breakdown (MB) and Electronic Equipment Takaful (EET).

• Contractor All Risk (CAR) Takaful:

CAR Takaful offers comprehensive and adequate protection against all risks involved in the construction of civil works of any kind, including surrounding property and third-party claims with respect to property damage or bodily injury arising due to the execution of a project.

• Electronic Equipment Takaful:

Electronic Equipment Takaful covers all equipment with moderate power requirements against material damage. The coverage is extended for all electrical and electronic systems such as Electronic Data Processing (EDP) equipment, electrical equipment for medical use, communication facilities, lighting and navigation facilities and equipment for research and materials testing, other than those specifically excluded.

• Machinery Breakdown Takaful:

Machinery Breakdown Takaful has been developed to provide effective Takaful cover for plants, machinery and mechanical equipment at work, at rest or during maintenance operations. By its very nature, Machinery Takaful is a comprehensive cover for machinery, supplementing the coverage afforded by Fire Takaful. Thus, it covers unforeseen and sudden physical loss of or damage to the items so covered, necessitating their repair or replacement, be it  loss  or  damage  from causes  such  as defects  in  casting  and material, faulty design, faults at workshop or in erection, bad workmanship, lack of skills or carelessness, unless otherwise specified.

• Consequential Loss due to Machinery Breakdown Takaful:

This policy provides cover for losses which result from business interruptions caused by an accident indemnifiableunder Machinery Breakdown policy.

• Erection All Risk Takaful:

Erections All-Risks (EAR) Takaful provides cover against all risks involved in the erection of machinery, plant and steel structures. If the Participant suffers from any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded, in a manner necessitating repair or replacement, he shall be indemnified with respect to such loss or damage.
Contribution Payment Procedure:
Contributions are to be paid at the time of the membership’s inception. The procedure for payment of contributions is as follows:

• After acceptance of the proposal, a temporary cover note is issued to the participant while risk inspection survey is carried out if required.
• Upon successful inspection, the Participant’s Membership Document (PMD) is issued to the participant along with the billing receipt.
• The participant is required to pay the contribution within 15 days of receiving the receipt.
• The contribution is to be made via cheque or pay order in favor of “Pak-Qatar Genera Takaful Fund”, mentioning the name and PMD number at the back of the cheque.

Claims Reporting Procedure:
The claims management body follows standardized procedures and is available round the clock for assistance and prompt service delivery to Participants.

• Contact the Claims Department at PQGTL Head Office via phone/email/fax/letter as soon as possible.
• Notify the local law enforcement agency promptly.
• Complete the Claims form and other related documents for timely processing of claims. Valid PMD is a prerequisite for entertainment of claims.
• Claims notification can be carried out on the following numbers:

1. Head Office, Karachi Mr. Rashid Shah Khan: 0315-200501
2. Lahore Office Mr. Abdul Hameed/Mr. NasirShahzad: 0315-200501
3. Faisalabad Office Mr. Adnan/Mr. Mansoor Shams: 0315-2005019
4. Islamabad Office Mr. NasirNoman/Mr. SaqibGhafoor: 0315-2005020