Noor Computer All Risk/electronic Equipment Takaful

What is this product about?

The Electronic Equipment Takaful Policy mainly provides protection against unforeseen events leading to breakdowns and physical damages to electronic equipment installed by the participant. This is an All Risk Takaful cover against many fortuitous perils subject to certain specified exclusions.

What are the covers/benefits provided?

The policy provides coverage against unforeseen and sudden physical loss or damage to the electronic equipment and data media that occurs owing to perils other than those specifically excluded. There are three sections providing the desired coverage:

Section I: Material Damage (Equipment)

Section II: External data media, including data stored thereon

Section III: Increased cost of working resulting from accidental loss and/or damage to the equipment

The duration of cover is one year. You need to renew your takaful policy annually.