Malaysia Airlines Bhd (MAB) has become the first Malaysian airline to offer passengers takaful insurance protection, with the launch of MHinsure Travel Takaful. Launched in collaboration with Etiqa and Cover-More, the product enables customers of the airline to purchase travel protection when they buy their tickets to fly; it has been developed in response to what MAB Group CEO Izham Ismail describes as a high demand for Shariah-compliant insurance products.
“We are excited to launch a comprehensive product that complies with Shariah law and at the same time offers our Muslim and non-Muslim customers comprehensive takaful travel protection with outstanding assistance services,” said Ismail.
As well as offering the same benefits that a traditional travel insurance product would provide, this coverage also offers protection for Islamic pilgrimages. It is underwritten by Etiqa, with Cover-More covering the assistance side.