Methaq Takaful Insurance Company
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Regulated by the Government of Dubai
If you are looking for a way to protect yourself, your family or your properties against potential damages and accidents, and are concerned with whether or not the method you use is Shariah-compliant, Methaq Takaful Insurance Company might be your best bet.
In the following Lookinsure page, we will provide you with everything you might need to know about Methaq Insurance, from a detailed account of every service they offer to how you can buy Methaq Takaful Insurance online.
Why choose Lookinsure for Methaq insurance?
Let’s see what makes Lookinsure an ideal choice for buying insurance:
Get The Best Deal
The good thing about using aggregators such as Lookinsure is that you will no longer need to go door-to-door, as it were, and get a quote from different insurance companies, because we already have. Just log in your information, tell us what you need, compare the prices and take your pick. It’ll only take 2 minutes! Plus, you can get up to 500 AED off paying with Tabby.
Pay in Installments
Paying for your policy, be it from Methaq Insurance or any other company, is easy, safe and quite affordable with Lookinsure. Not only will you be able to pay with any local or international credit network system, such as Visa, Mastercard, or Apple Pay, but you can also use Tabby, pay in 4 interest-free installments, and, to top it off, enjoy up to a 500 AED discount!
About Methaq Takaful Insurance Company
Methaq is a takaful insurance company founded in 2009 and based in the UAE where it has 3 active branches. With contracts with over 70 garages across the country and strong partnership with leading healthcare providers such as NAS and Nextcare, Methaq insurance boasts an extensive collaborative network.
What Does Takaful Mean?
The name takaful refers to a specific type of insurance formulated in total compliance with Islamic Law or Shariah, in which policyholders, by buying a policy, contribute to a communal fund pool.
The funds collected in this pool are then used to pay for each participant’s possible claims. In other words, the policyholder in essence acts as both insurer and insured, with the company itself acting in limited capacity as the agent responsible with managing and investing the fund in exclusively low-risk, totally above the board investment opportunities.
Where is Methaq Insurance Located?
Methaq Takaful Insurance Company has 3 active branches across the UAE, located in Abu Dhabi, Al Ain, and Dubai, the latter being their headquarters. Below you’ll find the detailed address and online location of each of them.
Abu Dhabi Branch
Mezzanine floor, Liwa Tower, Same building as the Ministry of Economics,
- ADNEC Area
- P.O. Box: 32774
- Tel: +971 2 6565333
- Working Hours: 08:00 AM – 04:00 PM
Al Ain Branch
4th Floor, Tadbeer Building, Khalifa Street
- P.O.Box: 88243
- Tel: +971 3 7057 777
- Working Hours: 08:00 AM – 04:00 PM
Methaq Takaful Insurance Dubai Branch
Nouf Tower, Plot No.126-129 Opp Business Village, Port Saeed, Deira
- P.O. Box: 186964
- Tel: +971 4 2601 601
- Working Hours: 08:00 AM – 04:00 PM
Types of Methaq Takaful Insurance
Methaq Insurance offers its services to both individuals and businesses. In this following section, we will list different types of personal and corporate insurance that are offered by Methaq Takaful Insurance Company.
Personal Insurance
- Motor: Methaq car insurance is one of the most sought after services of this company which is available in both its comprehensive and third-party liability forms.
- Home: Methaq insurance also provides homeowners with insurance policies that are guaranteed to protect them against financial loss caused by unfortunate accidents.
- Medical: whether you are a UAE citizen or a foreigner with a visa, you can enjoy the versatile health plans that MEthaq Insurance offers. You can choose between 6 types of plans all of which cover your medical expenses up to 250,000 AED per year.
- Accident: personal accidents are also covered by Methaq insurance for those who like to insure themselves and their loved ones against daily accidents at home or workplace.
- Travel: if you want to travel with peace of mind, then travel insurance is a must, Methaq insurance offers three different travel insurance plans that you can pick from depending on your budget.
Corporate Insurance
- Fleet Insurance: Methaq car insurance for corporate vehicle(s)
- Marine Insurance: insurance for both your marine vessels and/or cargo
- Medical Insurance: various employee health plans are also offered by Methaq insurance
for companies of different size
- Liability Insurance: Methaq’s liability insurance comes in 4 different types:
- Workman Compensation: insurance against work-related injuries suffered by employees
- Public Liability Insurance: protecting corporations against accidental damages to the public
- Professional Indemnity: a type of insurance offered to businesses which helps protect them against damages caused to customers due to professional negligence
- Directors and Officers Liability: Insurance for the directorial body of the corporation against potential legal challenges
- Property Insurance: Methaq Takaful Insurance Company also offers four different types of property insurance:
- SME (small and medium enterprises): affordable property insurance for small and medium businesses
- Business Interruption: if your company faces financial loss due to unexpected interruptions, this type of insurance will help you through this challenge
- Fire and Perils Insurance: property protection against potential fire damages and other similarly hazardous occurrences
- Property all risks: comprehensive coverage that insures your property against all possible risks
- Engineering Insurance: there are 4 types of engineering insurance offered by Methaq Insurance:
- Contractor All Risk: covers damages caused during construction
- Contractor Plant & Machinery: insures construction sites and machinery against potential damages
- Machinery Breakdown: insures equipments against breakdown
- Erection All Risk: comprehensive coverage for all construction projects
- Miscellaneous Insurance: Additional types of insurance that cover 3 different scenarios:
- Fidelity Guarantee: Insures businesses against intentional damages caused by personnel misconduct
- Group Personal Accident: insures personnel against potential accidents
- Money: insurance for financial assets such as cash and other valuables, whether in transit, on-site in a bank, or in a personal safe
Benefits of Methaq Takaful Car Insurance
Let’s review the benefits of Methaq Takaful car insurance:
Extensive Coverage
Methaq car insurance policies are offered in two types, comprehensive and third-party, which vary in their degree of coverage. Their comprehensive policy guarantees financial compensation in the event of virtually all potential damages that can fall upon a vehicle. Moreover, if your car is undergoing serious repair, the company will offer you a replacement vehicle for the duration of the repair.
Damages which cost will be covered by comprehensive Methaq car insurance include:
- Damage to own vehicle
- Damage to Third-Party
- Third-Party Liability
- Theft of Vehicle
- Fire damage
Furthermore, when you buy your policy from Methaq Takaful Insurance Company, even if it is third-party liability insurance which is the minimum required by law, you can also purchase an add-on that will cover any damages suffered by the driver.
Transparency and No Interest (Riba)
Takaful observes the Islamic Sharia guidelines, prohibiting the payment or receiving of interest. As a common fund, the company is transparent about the expenses and claims handling, and the Sharia-based distribution of profit among participants.
Convenient Online Processing
Methaq Insurance has an easy-to-use website which makes using their services quite convenient. On their website, you can get estimated quotes sent directly to your email, familiarize yourself with their different types of insurance, and even file a claim online.
Methaq Takaful Insurance Company services
Methaq car insurance is about more than just buying a policy. With their comprehensive motor insurance, you will be able to enjoy a myriad of services that are included in your all-inclusive package. These services include:
- Vehicle replacement for up to 7 days
- Roadside assistance across the UAE including services such as towing and on-site repairs
- Roadside fuel delivery
Compare Methaq car insurance quotes in Lookinsure.
Getting a quote for a Methaq car insurance policy is pretty simple with Look insure. All you will need to do is insert your plate number and will give you a list of every single policy available for you. If for any reason you don’t have your plate number, you can get the same information just by giving us your car’s make and model.
How to buy online Methaq car insurance in the UAE
Buying Methaq motor insurance has honestly never been easier, especially if you decide to do it online. For this purpose, you can either visit their website or use third-party aggregators such as Lookinsure. Either way, the process is the same, consisting of 6 easy steps:
- Go to the website
- Choose your policy
- Modify it with add-ons according to your needs
- Get a quote
- Upload the required documents
- Make payment
How to Renew the Methaq Motor Insurance Plan?
Renewing your policy with Lookinsure is just as easy as purchasing a new one. Simply log into your account, navigate to your dashboard, and you'll find access to your full policy history. From there, you can choose the policy you wish to renew, make any necessary updates, such as adding Sharjah Car Insuranceor off-road coverage, and complete your payment online.
Lookinsure ensures that all customers are notified in advance about upcoming policy renewals, so you won’t have to worry about any gaps in coverage. We’re here to make sure you have continuous protection throughout the year.
How to File Your Methaq Car Insurance Claim
There is not much to filing a Methaq car insurance claim and there are 3 ways to do it, you can either, a) call their hotline number 60 0565 695, b) just leave it to us if you have bought your policy through Lookinsure or c) file a claim online using the company’s website. This is how:
Step 1: First thing you need to do is enter their website and go to a section called “motor insurance” which you can find under the category of personal insurances.
Step 2: After clicking on motor insurance, you will be directed to another page. At the bottom of this page, you will find the section you are looking for, titled “Initiate a claim”. Here you are required to fill in a form with your personal information and then upload the necessary documents, which include a copy of your Emirate ID, your car registration card, driving license, and police report.
Documents required for Methaq Takaful car insurance
The required documents for buying Methaq car insurance slightly differ depending on whether you want to purchase a policy for a brand-new car or a pre-owned or used car. Below you’ll find the requirements for both, respectively.
For A Brand New Car
- Emirate ID
- Driving License
- KYC or Know Your Customer certificate (Proof of Residency (such as utility bill) is required for obtaining a KYC)
- Car Registration Number
- Vehicle Number Plate
For A Used Car
- All of the above plus a certificate indicating transfer of ownership.
Conclusion
Methaq Takaful Insurance Company is among the most prestigious policy providers across the UAE that offers an extensive range of services to both individuals and businesses. The name Takaful suggests its compliance with Shariah laws which makes it a thoroughly halal and legitimate company.
Whether you are a driver wanting to purchase personal Methaq car insurance or a corporation searching for the best possible insurance firm to look out for your interests, be it your property, personnel, or other assets, you can trust Methaq to give you the best deal on the services you deserve. For buying Methaq car insurance you can also head over to Lookinsure.com, insert your plate number, and instantly get quotes.