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Sunday, 6 July 2014

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Amăna Takaful distributes surplus to policyholders

Marking 15 years in the insurance landscape in Sri Lanka, the Board of Directors of Amăna Takaful PLC awarded a surplus of 15 percent to be distributed among the company's non-claimant general insurance policyholders.

As opposed to conventional insurance, the Takaful concept not only benefits claimants but also takes care of non-claimant policyholders.

Non-claimant policyholders receive a proportionate share of the surplus from the risk fund at the end of a defined period.

By virtue of being a Takaful participant, one becomes a member of the Risk Pool.

The Risk Pool meets all claims of the membership among other expenses. In the event of a surplus in the Risk Pool, non-claimants are entitled to a proportionate share of the surplus.

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