What does IKHLAS Workmen Compensation Takaful Cover?

IKHLAS WORKMEN’S COMPENSATION TAKAFUL indemnifies the Participant in respect of his legal liability:-

1. To pay compensation under Workmen's Compensation Ordinance to all employees who are "workmen" in respect of death or injuries due to accidents or occupational diseases arising out of and in the course of employment.

2. Under Common Law - if a workman chooses to seek compensation at court instead of using the Workmen's Compensation Ordinance, the Company's liability under Common Law is subject to a minimum limit of RM1,000,000.00.

EXCLUSIONS

1. War and kindred risks.

2. Liability to employees of contractors to the Participant.

3. Any employee who is not a "workman" within the meaning of the Ordinance.

4. Any contractual liability.

5. Any sum which the Participant would have been entitled to recover from any party but for an agreement between the Participant and such party.

6. Any liability for - radioactivity contamination or nuclear weapons material.