What does IKHLAS Money Plan cover?
Basically, there are three main categories under
the IKHLAS MONEY TAKAFUL certificate:
a) |
Money In Transit |
|
To indemnify
the participant against the loss of money whilst
it is being conveyed from the participant’s
premises to participant’s bank or vice versa
accompanied by authorised employees. |
| |
|
b) |
Money In Premises |
| |
To indemnify the participant for loss of money i.e.
by forcible and violent entry upon the premises as
a result of armed robbery or robbery with violence. |
| |
|
c) |
Damage To Premises |
|
Damage to
participant’s safe or strong rooms
following forcible and violent entry or attempt thereat. |
Exclusions
a) Shortage due to accounting error
b) Dishonest act of employees, partners or participant
c) War exclusion - SRCC, rebellion, revolution etc
d) Nuclear reactions, nuclear radiation or radioactive
contamination
e) Loss due to use of any key or duplicate thereof
irrespective whether the key belongs to the participant
or not |
