Miscellaneous Takaful

We have not limited ourselves to the standard risk-mitigating services, and offer differentiated propositions as required by the modern need of clients. Consequently, these novel products are personalized and vary with the corporate as well as individual requirements. Cash in Safe, Cash in Transit; Fidelity Guarantee and Personal Accident Takaful are prominent in this regard.

1. MONEY TAKAFUL
Cash, during transit or when safely stashed, has always been a reason for concern and insecurity. Money Takaful assures security by providing coverage with respect to:

• Cash-in-Safe provides coverage for cash/money whilst in safe at participants premises at home, office or shop under lock and key;
• Cash-in-Transit provides coverage for loss of cash/money during transit between various specified locations (office to bank and vice versa, etc.);
• Cash-on-Counter provides coverage for loss of cash/money while placed on counter during hold-ups within business premises.
• ATM Withdrawal provides coverage for loss during withdrawal of cash/money from ATM due to forcible and violent snatching. Differentiated offering of ATM Withdrawal Takaful is also extended for banking clients.

2. FIDELITY GUARANTEE TAKAFUL
This product allows employers to cover the potential infidelity of their employees who hold positions of trust, like handling cash handlers, stock and inventory managers, store keepers etc. This policy is designed to avoid misappropriation and embezzlement risk committed by permanent employees during the course of business.

3. PERSONAL ACCIDENT
Round-the-year coverage through Personal Accident provides full benefit in case of accidental death, permanent disabilities, and total or partial temporary disabilities, directly or indirectly caused by an accident. The policy can be extended to cover reimbursement of medical expenses incurred arising out of such accidents.

4. WORKMEN’S COMPENSATION TAKAFUL
This product covers the compensation payable under the Workmen’s Compensation Act of 1923. It covers the employer’s liability for the death, bodily injury or occupational diseases sustained by employees during active service In addition, expenses incurred by the employer while defending claims may also be paid with the consent of the Company. This plan covers legal liability of an employer under:

• Workmen’s Compensation Act 1923, and subsequent amendments of the said Act prior to the date of issue of the policy;
• Fatal Accidents Act, 1855, and subsequent amendments of the said Act prior to the date of issue of the policy; and
• Common Law.

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:

1. After acceptance of the proposal, a temporary cover note is issued to the participant while risk inspection survey is carried out if required.
2. Upon successful inspection, the Participant’s Membership Document (PMD) is issued to the participant along with the billing receipt.
3. The participant is required to pay the contribution within 15 days of receiving the receipt.
4. 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.

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

• Head Office, Karachi Mr. Rashid Shah Khan: 0315-2005017
• Lahore Office Mr. Abdul Hameed/Mr. NasirShahzad: 0315-2005018
• Faisalabad Office Mr. Adnan/Mr. Mansoor Shams: 0315-2005019
• Islamabad Office Mr. NasirNoman/Mr. SaqibGhafoor: 0315-2005020