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Article (3)

IA-BOD-RES 13/2018 Effective from 24/5/2018

Insurance policies and Takaful insurance policies that may be marketed through Banks for the following types and classes of insurance and their equivalents in Takaful insurance, are exclusively the following:

  1. Life Insurance and family Takaful insurance.
  2. Health Insurance.
  3. Fund accumulation operations.
  4. Motor insurance and associated liabilities.
  5. Personal accident insurance.
  6. Comprehensive household insurance.
  7. Travel insurance.
  8. Insurance linked with housing loans, credit insurance, personal loans, credit cards and the like, such as the involuntary job loss insurance and wallet insurance.
  9. Marine cargo insurance.
  10. Any other products that the Authority decides to add.