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Meethaq offers complimentary Takaful cover for its customers
June 29, 2020 | 3:52 PM
by Times News Service
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Muscat: Meethaq Islamic Banking – Bank Muscat, the pioneer of Islamic banking in Oman, in line with its vision ‘To Serve You Better, Everyday’ is encouraging its customers to take advantage of its complimentary Takaful cover provided for savings account depositors.

Takaful solutions allow insured individuals to protect the financial future of their loved ones in case of any unfortunate events. Meethaq’s Savings Accounts allow customers to save and at the same time enjoy Free Takaful coverage by simply maintaining a specified balance amount in these accounts.

Meethaq Premium Savings Account holders are eligible for free Life Takaful and Permanent Total Disability Takaful cover up to OMR50,000 on maintaining an average balance of OMR30,000 or more, while female customers have the opportunity to enjoy Takaful coverage designed to meet their unique needs by maintaining an average balance of OMR5,000 or more intheirNeswa Savings Account. Takaful coverage offered with Neswa Savings Account includes free Life Takaful cover up to RO 10,000, the complimentary cover of OMR 1,000 for protection against loss of handbag and OMR 100 to cover the loss of ID cards or keys.

Those with young children may take advantage of the complimentary Takaful coverage offered with Meethaq’s Baraem Savings Account. The children of Baraem Savings Account holders who maintain an average balance of OMR 5,000 are eligible for free education cover of OMR 5,000. This benefit is offered for up to four children when a depositor opens four separate Baraem Savings Account and maintains the minimum average balance in each of the accounts. Through the provision of this complimentary cover, Meethaq hopes to ensure that the future education of depositors’ children is not hampered in the event of any unfortunate incident resulting in the demise or disability of the family’s breadwinner.




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