Abstract
This chapter has focused on the different services that a general takaful company offers. These services can be divided into motor takaful, fire takaful and engineering takaful. In motor takaful, the waqf fund pays compensation to the participant in case of accidental damage, both partial and total, theft and third-party liability. Fire takaful provides compensation to the participant if their property including building, machinery and physical stock is damaged due to fire, earthquake and atmospheric disturbance (flood, hurricane, snow effect, etc.). Engineering takaful provides compensation to the participant if damage occurs to industrial boilers and construction machinery like bulldozers and cranes.
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Malik, A., Ullah, K. (2019). General Takaful. In: Introduction to Takaful. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-32-9016-7_7
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DOI: https://doi.org/10.1007/978-981-32-9016-7_7
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Publisher Name: Palgrave Pivot, Singapore
Print ISBN: 978-981-32-9015-0
Online ISBN: 978-981-32-9016-7
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