Name of the Organization : Bahrain Islamic Bank
Type of Facility : Apply For Fire /Motor/Travel Insurance
Country : Bahrain
Website : https://www.bisb.com/en
Apply For Fire /Motor/Travel Insurance :
In association with Takaful International Insurance, BisB provides you with a variety of customized insurance packages thoroughly tailored to serve your needs at the market’s most competitive rates.
Related : Bahrain Islamic Bank Apply For Property Finance : www.statusin.org/5996.html
BisB offer the following insurance packages throughout its branch network:
** Fire Insurance
** Motor Insurance
** Travel Insurance
Fire Insurance:
What are the Fire Insurance covers offered?
** Fire only
** Fire and special perils
** Fire, special perils, and burglary
** ‘Baitak’ home comprehensive
Brief of Covers:
Fire: Damages caused by fire, lighting and domestic explosion.
Special Perils: Explosion, falling of aircrafts on the property insured, floods, storms, earthquakes, escape of water from any water apparatus and impact of any vehicle or animal with the property insured.
RSMD: Riots, strikes and malicious damage is subject to the Area.
Home Assists: Assistance for any emergencies at home (There is an extra BD10 charge).
Warranties/Conditions:
** As per the Company’s standard/Exclusions policy’s wording
** Minimum net premium of BD35 to Takaful International
The above rates may vary if the age of building is more than 15 years
Motor Insurance:
A general rate of 2.25% of the car value
Cover Terms:
Flight Delay:
** All expenses are defined as expenses for meals and lodging which were necessarily incurred and which were not provided by the Common Carrier or any other party free of charge.
** Strike, Industrial Action, Inclement Weather, and Equipment Failure that delays any flight are not covered.
Baggage Delay:
** Written proof of delay from the transport provider must be submitted with any claim and subject to receiving original receipts
** The baggage delay must exceed the Excess
** Confiscation or requisition by customs or other government authority cannot form the basis of a claim for Loss or expenses.
** Claims in respect of essential clothing or requisites purchased as a result of delayed baggage will only be considered if terms have been purchased within 4 days after the actual arrival time at the intended destination.
** If baggage appears to be delayed at the destination airport, the insured person must formally notify the relevant carrier airline immediately. Evidence of notification must be provided.
Trip Cancelation:
Cases will be accepted if the trip was canceled as a result of the following:
** Dying, becoming ill or injured.
** The death, injury or illness of a relative or a person with whom the insured has booked the travel.
** If the insured has been called for a jury service or attending the court as a witness.
** If the police or the insurers of the insured person home needs the insured person to stay after a fire, flood or burglary at the insured home within 48 hours before the date of leaving.
** The death, injury or sickness of a relative certified as being significantly harmful to life by a Physician in the insured person country of residence.
Trip Interruption:
** The Insured Person’s death or death of a relative
** In case of injury or sickness to the insured person, a physician has recommended that due to the severity of the insured person’s condition it is Medically Necessary that the insured person interrupts the Trip.
** In case of injury or sickness of a Relative, the severity or acuteness of their of their condition or the circumstances surrounding that condition is/are such the an ordinary prudent person must interrupt the Trip.
Emergency Medical/Expenses/ Evacuation:
Must contact the assistance department at the time of incident, phone number 001-713-267-2525