Allied Insurance Company's Islamic window; Ayadi Takaful is all set to launch a new 'Crop Takaful' service in the Maldives.
Designed for farmers, the service was launched at a special press conference held at Allied Insurance headquarters in Male’. General Manager Ibrahim Firshan and Ayadi Takaful Manager Fathimath Nizma briefed about the new service speaking at the press conference.
According to Ayadi, 'Crop Takaful' is a product designed to provide protection to farmers from potential income constraints and help them overcome them. While no documents are required to register for the service, which is taken on time online, the coverage of the service at present will be able to compensate for damage to crops caused by a natural event. Therefore, a farmer who has taken 'crop takaful' will be compensated if he/she has suffered any such loss during the plan period by submitting photographs along with a report of the incident. The compensation will be calculated by including the cost of building the farm and the expected profits from it.
Allied Insurance, which already offers a range of services that helps people's lifestyle and empower them, hopes that 'Crop Takaful' will also help farmers reduce the impact of climate change on natural resources and enhance quality of life. "We hope that everyone will take advantage of this service, which can be immediately and easily availed through 'My Allied'," they added. If you want to check the cost, you can check the price through MyAllied, the company said in a statement.
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