This Plan provides financial protection to the covered property against accidental physical loss or damage.
The property covered comprise of fixed and movable assets, stocks and stock in process, goods held in trust or commission, Machinery, Plant, Furniture, Fixture, Fittings etc.
This plan is an “All Risks” protection and provides a broader coverage for loss or damage from any causes except those which are stated as specific exclusion under this Takaful Plan. The perils as covered under this Plan include, but not limited to the following:-
- Fire and Lightning,
- Aircraft damage,
- Explosion & Implosion,
- Malicious damage,
- Riot, Strike and Civil commotion,
- Storm, Tempest, Flood, bursting and or overflowing of water tanks, pipes and apparatus (including sprinkler leakage),
- Earthquake Fire and Shock,
- Impact by own vehicles,
- Burglary or attempted theft (by violent and forcible entry to or exit from the premises) and accidental
- loss or damage
The cover is designed generally to suit the requirements of Commercial and Industrial establishments.