Podcast
Questions and Answers
Which type of takaful is designed specifically for coverage against theft in personal situations?
Which type of takaful is designed specifically for coverage against theft in personal situations?
What is a characteristic feature of Comprehensive Motor Takaful?
What is a characteristic feature of Comprehensive Motor Takaful?
Which type of takaful would cover liabilities associated with construction projects?
Which type of takaful would cover liabilities associated with construction projects?
Among the following, which takaful is specifically arranged for protecting against losses from fire disasters?
Among the following, which takaful is specifically arranged for protecting against losses from fire disasters?
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What does Employer's Liability Takaful cover?
What does Employer's Liability Takaful cover?
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Study Notes
Classes of Takaful
- Takaful covers various risks, categorized into several types
- Main categories include Medical and Health, General, and Family Takaful
General Takaful
- This type further branches into different sectors:
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Motor Takaful: Covers various risks associated with motor vehicles. Sub-categories include Comprehensive, Third Party, Fire & Theft, and Third Party Act Only.
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Fire Takaful: Protect against losses due to fire-related incidents, further divided into Fire Takaful, Homeholder/Houseowner, and Consequential Loss.
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Marine Takaful: Covers risks associated with marine transactions. Categories include Marine Hull, Marine Cargo, Ship Building Risks, and P&I Club.
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Liability Takaful: Protects against legal liabilities. Subdivisions include Workmen's Compensation Takaful, Employer's Liability Takaful, Public Liability, Foreign Workers' Compensation, Professional Indemnity, and Product Liability.
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Engineering Takaful: Addresses risks in engineering projects. Subcategories include Electronic Equipment/Computer Takaful, Contractors' All Risk (CAR), Erection All Risks, Boiler Explosion Takaful, and Machinery Breakdown Takaful.
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Miscellaneous Takaful: Covers a variety of other risks like theft, personal accidents, aviation, and business-related incidents. Sub-categories include Theft, Personal Accident, Fidelity Guarantee, Aviation, and Business.
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Description
This quiz explores the various classes of Takaful, including Medical, General, and Family Takaful. It delves into the subcategories of General Takaful, such as Motor, Fire, Marine, and Liability Takaful. Test your understanding of the specific risks covered by each type and how they are categorized.
