BARAKA TAKAFUL INSURANCE Ltd was founded as limited company in 2018, BARAKA INSURANCE provides cooperative insurance which complies with Islamic Shariah laws on the bases of a Wakalah (agency) also known as wage, The company operates on the principles of mutual protection, co-operative risk and profit sharing.
Baraka Insurance provides an extensive range of protection plans to suit your diverse needs. From medical, motor takaful and home coverages to commercial cover, employee benefits and many more.
we provide consultancy for preparing of all sorts of corporate law and any other services as the company may think fit and proper. Insurance policies provide protection to your life and based on the differences in policies it also gives you the opportunity to save money as well.
THE FIELDS ON WHICH WE HAVE GIVEN OUR SERVICES.
Motor insurance
Drive down your rates with car insurance discounts and premium
It can be possible to drive your vehicle or ride your motorcycle like a boss with first class motor comprehensive insurance that covers third party, theft, towing and so much more. your car rescue is only a phone call away. Let us take the stress away from losses related to accidents.
Goods in Transit Insurance
Save up to 10% when you insure your property and autos with our company.
Goods in Transit insurance is a policy that cover for loss or damage to various types of goods while in transit by road, rail or any inland waterway within the geographical area set out in the policy.
What Is Covered by Goods in Transit Insurance?
- Open Cover where an indication is made of the total number of transits anticipated during the year. This estimation will be subject to actual transits that will be declared.
- Specific Cover which covers particular consignments which have been declared before the actual transit.
THE PERILS COVERED
The cover provided includes reimbursement for loss resulting from:
- A goods in transit insurance policy will protect you from:
- Theft while in transit
- Damage caused by accidents during transit
- Loss during transit
- Damage caused during transit
- Fire
- Lightning.
- Breakage of Bridges.
- Collision with or by the Carrying Vehicle.
- Over-turning of the Vehicle.
- Derailment or accidents of like nature to the wagon.
Health Insurance
Stay protected from 10 critical illnesses for 10 years with life insurance.
Individual
Your family’s health and safety mean the world to you. We understand that and want to help you protect your loved ones from situations beyond your control.
Corporate
As an employer, you can provide your staff with a cover that provides a holistic approach to their health needs.
We are not a typical insurance company alone. We are different because we acknowledge that flexible and simple insurance solutions are important to the economic empowerment of Africa’s people.
Travel Insurance
Help protect lost income, pay for higher education, and cover debts or burial costs.
Property Insurance
Save up to 10% when you insure your property and autos with our Alico Insurance.
WIDE FULL COVERAGE
Doctor’s visit
Organizing and cost coverage of all doctor’s visits in case of necessary and urgent care, after accident or sudden illness.
Hospitalization
All medical expenses related to stay at hospital during the necessary time, including operation and surgery, anesthesia, drugs, medical materials, hospital feed costs, etc. in case of accident, stroke, heart attack or others sudden and serious illnesses.
Emergency medical aid
All necessary assistance and immediate medical treatment in sudden health problems or accidents, medical emergency services, an ambulance, visit at Emergency Room or Night Medical Aid Room.
Diagnostic tests
Diagnostic tests needed to diagnose or adopt appropriate treatment procedure, like: blood, biochemical and immunochemical test, urine and stool test, X-ray, ultrasound, ECG test, spirometry, biopsy, echocardiography heart, and others.
Prescribed medications
If your medical treatment needs taking medicines prescribed by a doctor, you get incurred cost refund.
Medical transport
Assistance and cost refund of medical transport to the nearest appropriate medical facility (also doctor on call), mountain rescue or emergency transport helicopter, from medical facility to another specialized medical facility, to the place of your residence.
Dental aid (up to 200 EUR)
Dental aid in acute tooth pain treated by extraction or using the basic tooth filling (including X-ray) and dental treatments directly aiming to reduce pain which is not resulted in neglect prevention.
Repatriation and body transport
Transport to parent country (repatriation) or body transport and other costs related with transport or temporary placing corpse.
Marine insurance
Flood could be a financial disaster if you don’t have flood insurance.
Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport by which the property is transferred, acquired, or held between the points of origin and the final destination. Cargo insurance is the sub-branch of marine insurance, though Marine insurance also includes Onshore and Offshore exposed property, (container terminals, ports, oil platforms, pipelines), Hull, Marine Casualty, and Marine Liability. When goods are transported by mail or courier, shipping insurance is used instead.
How Marine Insurance works?
Marine insurance best transfers the liability of the goods from the parties and intermediaries involved to the insurance company. The legal liability of the intermediaries handling the goods is limited to begin with. The exporter, instead of bearing the sole responsibility of the goods, can buy an insurance policy and get maritime insurance coverage for the exported goods against any possible loss or damage.
The carrier of the goods, be it the airline or the shipping company, may bear the cost of damages and losses to the goods while on board. However, the compensation agreed upon is mostly on a ‘per package’ or ‘per consignment’ basis. The coverage so provided may not be sufficient to cover the cost of the goods shipped. Therefore, exporters prefer to ship their products after getting it insured the same with an insurance company.
The Scope of Marine insurance is necessary to meet the contractual obligations of exports. To align with agreements such as cost insurance and freight (CIF) or carriage and insurance paid (CIP), the exporter needs to take marine insurance to protect the buyer’s or their bank’s interest and honor the contractual obligation. Similarly, in the case of Delivered Duty Unpaid (DDU) and Delivered Duty Paid (DDP) terms, the seller may not be obligated to insure the goods, although in practice they generally do.
To get marine insurance and avoid insurance claims, ensure the following:
Packing of goods should be done keeping in mind their safety during loading and unloading
Packing should be good enough to withstand natural hazards to the best extent possible
Keep in mind the possibility of clumsy handling or theft when packing goods.
Student Protection insurance
We are promoting “marriage insurance” as a way of financially protection.
Being a student is an exciting time: it might be the first time you move out of home, it’s an opportunity to meet new people and for some, it’s a chance to see the world. So if you’re studying abroad, make sure you’ve thought about international student health insurance. It covers you when you’re studying overseas or if you want health insurance that covers you in more than one country.
When you move somewhere new, things like how much you pay for a filling or the cost of a trip in an ambulance are likely to be far from your mind. But by taking out an international health insurance plan, these costs can be taken care of. And for the worst-case scenarios, our health plans also cover hospital stays and evacuation costs, so once you’ve recovered, you can continue studying in your chosen location.
All risk insurance
Help protect lost income, pay for higher education, and cover debts or burial costs.
All risk insurance is a type of property or casualty insurance policy that covers any peril, as long as the contract does not specifically exclude it from coverage. Our all-risk insurance covers loss arising from any fortuitous cause except those that are specifically excluded.