Money Insurance (Cash In safe & in transit)

Tamkeen Insurance provides private insurance for funds-in-transit (money) owned by the subscriber (policyholder) that indemnify them from incurring any financial burdens and/or losses due to an accident resulting in the loss or theft of private funds, subject to flexibility considerations in meeting special insurance needs.

The Company is committed to honoring its obligations to subscribers though rapid response and quick disbursement of compensation immediately after road accidents and in a professional environment based on clarity, creditability and commitment to building a integrative relationship with subscribers (policyholders). In addition, the Company is committed to its mission and institutional identity based on the full adoption of principles and standards of application of Islamic insurance compliant with Sharia’a provisions.

Insurance Coverage

Under the Money-In-Transit Insurance Program, Tamkeen Company is obliged to disburse reparations for damages and/or losses and to compensate subscribers (policyholders) for stolen or lost funds during transport from the subscribers’ (policyholder) headquarters /offices to a bank or during their presence in the subscriber’s (policyholder) safe during or outside official working hours in addition to any damages caused to the safe/treasury.

Calculate Value of Insurance Subscriptions (Premiums):

The value of insurance subscriptions (premiums) is calculated on the basis of total insurable value (maximum limit of indemnity(, safety procedures, and value of insured funds.

Subscriptions (premiums) are calculated as a percentage of total insurable value (maximum limit of indemnity(

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