1. MICRO TAKAFUL Muhammad Zubair Mughal Chief Executive Officer
Presented by:
Muhammad Zubair Mughal
Chief Executive Officer
AlHuda CIBE

2. Micro-insurance defined: MicroTakaful redefined:
Introduction
Micro-insurance defined:
“Generally, micro-insurance is viewed just like other normal insurance on small scale for low-income people”
MicroTakaful redefined:
“A mechanism to provide Shariah-based protection to the blue collared, under-privileged individuals at an affordable cost”.

3. Benefits of MicroTakaful

4. Global Landscape of Microinsurance
Only eighty million out of the world's 2.5 billion poor are currently covered by some form of micro insurance.
Only 3% of poor lives are insured in India and China.
Only 0.3% of the poor are insured in Africa.
In 23 of the poorest 100 countries in the world, there is currently no identified micro insurance activity.

12. Micro Takaful initiatives in Pakistan
Coverage to over 100,000 low-cost houses.
Synergy with NGOs.
Micro Takaful Health Products – CWCD, KKCB & Sungi
Students Healthcare/Campus care cover
Factory workers’ & Daily wagers
Crop Takaful
Credit coverage for Islamic Microfinance.
Covers tailored for SMEs financing.
All above at ‘no profit basis’.

13. Takaful Pakistan’s MicroHealth Products
Center for Women Cooperative Development. (CWCD).
No of Lives covered
Beneficiaries ( Husband and Wife )
Benefits:
Hospitalization Rs. 35,000
Daily Room Limit Rs. 500
Maternity Rs. 5,000 (Sub limit)
Rate per family Rs. 570

14. Takaful Pakistan’s MicroHealth Products
Ministry of Zakat & Ushar
No of Lives covered 100,000,0
Beneficiaries (Husband, Wife and 3 Children's) Benefits:
Hospitalization Rs. 150,000
Individual Limit Rs. 25,000
Daily Room Limit Rs. 500
Maternity Rs. 5,000 (Sub limit)
Rate per family Rs. 695/-

15. When there is a will, there is way!
What is required?
When there is a will, there is way!

16. End of presentation
Jazzakallah khair !