(MENAFN- Khaleej Times) Dar Al Takaful, one of the fast growing Islamic insurance companies in UAE, has launched their new suite of travel insurance products named 'Terhal' to boost its share in fast-growing travel market.
Addressing a Press conference, the senior executives of the company said the new product offers standard travel insurance as well as Hajj and Umra packages at competitive rates.
They said the four plans are available under the standard product that also covers any unforeseen event and terrorism. Terhal basic and Terhal extra are the two plans available for the Hajj and Umra travellers.
According to the officials, Terhal Platinum, Terhal Gold, Terhal Family and Terhal Schengen have up to 28 benefits which is among the highest available currently in the market.
Rawdha Khalid Alsaket, marketing officer; Mark Randall, director, RFIB Middle East; Ajai Panicker, senior vice-president (Technical); Muadh Naim Ahmed Mustafa, management trainee; Abdul Salam Ali, chief finance officer; and Hamad Mohammed Sharaf, business development officer, among others present on the occasion.
"The policies can be extended to cover various sports activities as well as cover terrorism. Customers can choose either single trip or annual covers," the executives said.
There has been an exponential increase in travel in recent times and the UN World Tourism Organisation has estimated that the number of global travelers will rise from 1.1 billion to 1.6 billion by 2015. Additionally, increased awareness about both the uncertainty of available medical care overseas and the associated spiraling costs has prompted more people to buy affordable travel insurance.
"We have benchmarked with the best available products in the market and have ensured that, feature for feature, our product is equal or better than the best. We have also managed to price them quite competitively thus ensuring the best value for money for our customers," Saleh Al Hashimi, managing director of Dar Al Takaful, said in a statement.
"We are confident that this product will also be as much welcomed by our partners as the highly successful Motor Mumtaz and Motor Khaas products. This will be followed by many exciting product launches scheduled in the coming months," he said.
The policy is backed by one of the largest reinsurers in the world and "Specialty Assist" provides 24 hour assistance anywhere in the world from their offices in UK, USA, Thailand and South Africa.
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