2 months ago
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CEBUANA Lhuillier Insurance Brokers (CLIB), a leader in the Philippine insurance industry, has once again set the stage for innovation by partnering with Etiqa to introduce the country's very first Takaful, a groundbreaking product designed to cater to the specific needs of the Islamic community while promoting inclusivity and financial empowerment for Filipinos across all walks of life.
Etiqa is a leading insurance and Takaful provider in the Association of Southeast Asian Nations (Asean) region, operates under the Maybank Group, one of Southeast Asia's foremost banking conglomerates.
(From left) Cebuana Lhuillier Senior Executive Vice President Philippe Andre Lhuillier, President and CEO Jean Henri Lhuillier with Etiqa Philippines Executives Gladys Pascual and Glenn Warren Navea. CEBUANA LHUILLIER PHOTO
Takaful,rooted in Islamic principles, operates on the concept of mutual cooperation and shared responsibility. It is structured around pooled contributions from participants.
These contributions create a shared fund, which is used to assist those who experience a loss due to unforeseen events.
By emphasizing transparency and fairness, the Takaful model ensures that the collective good is prioritized, aligning with the ethical principles of Shariah law.
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As Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, explains, "The launch of the Philippines' first Takaful marks a major step in our commitment to making financial protection accessible to everyone. By understanding and honoring the unique needs of our Islamic brothers and sisters, we are creating a product that empowers communities, fosters trust, and ensures financial security for all."
Cebuana Lhuillier introduces the Takaful Group Personal Accident, an affordable microinsurance plan priced at just P150 per Certificate designed to meet the needs of the Islamic community.
This Shariah-compliant insurance offers comprehensive protection for individuals or their loved ones, providing worldwide 24/7 coverage for accidental death, permanent disability, and a range of accidental scenarios.
By aligning its offerings with ethical principles and cultural relevance, CLIB is playing an instrumental role in reshaping the Philippine insurance landscape.
Visit the nearest Cebuana Lhuillier branch for more information or explore more about Takaful online.
