Ensuring Debt Doesn't Diminish Security: Credit Life Coverage

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What is Individual credit life insurance?

Acquiring a home or a car stands as one of the most significant financial investments individuals make, often necessitating bank Financing.

In life's unpredictable journey, your financial security shouldn't be left to chance. At Takaful Oman, we recognize the significance of securing your valuable assets and granting you assurance.

This is why we provide our extensive Financing Protection Insurance, crafted to safeguard you and your family in the face of unforeseen events. Safeguard your finances against unexpected situations that could hinder repayment.

Our Individual Credit Life Insurance encompasses

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Personal Financing

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Vehicle Financing

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Housing Financing

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Any other Financing

Individual Credit Life has been specifically crafted for individuals securing home or salary finance from banks or finance companies. Its purpose is to provide coverage for the outstanding liability in the unfortunate event of unforeseen circumstances.

  • Death Due to any Cause
  • Passive war(DAC)
  • Permanent partial disability (Accident Only )
  • Permanent Total Disability (Accident and Sickness)
  • Active War
  • Suicide
  • Pre-existing disease
  • The cover person being under alcohol or drugs

Documents required for individual credit life insurance policy

  • Proposal forms filled for all requests
  • Resident ID of the Customer

Documents required to file Individual Credit life policy claim

  • 1- Copy of Policy
  • 2- ID card
  • 3- Disability certificate -if any
  • 4- Hospital Report
  • 5 - Payment receipts and invoices
  • 6- Duly filled Claim form
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