CEBUANA Lhuillier Insurance Brokers in collaboration with Etiqa Insurance has introduced Philippines' first takaful product. The product has been designed to cater to the specific needs of the Islamic community while promoting inclusivity and financial empowerment for Filipinos across all walks of life.
Cebuana is a leader in the Philippines insurance market and Etiqa is a insurance and takaful provider.
Cebuana Lhuillier president and CEO Jean Henri Lhuillier, said, "The launch of the Philippines' first Takaful marks a major step in our commitment to making financial protection accessible to everyone. By understanding and honouring the unique needs of our Islamic brothers and sisters, we are creating a product that empowers communities, fosters trust, and ensures financial security for all."
Cebuana Lhuillier has introduced the Takaful Group Personal Accident, an affordable microinsurance plan priced at just PHP150 ($2.5) per certificate designed to meet the needs of the Islamic community.
This Shariah-compliant insurance cover offers comprehensive protection for individuals or their loved ones, providing worldwide 24X7 coverage for accidental death, permanent disability and a range of accidental scenarios.
By aligning its offerings with ethical principles and cultural relevance, CLIB is playing an instrumental role in reshaping the Philippine insurance landscape.
Source: asiainsurancereview.com
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