Sukoon Takaful, one of many outstanding Takaful insurance coverage corporations within the area, will supply specialised household Takaful protection to eligible UAE nationals after signing a partnership with the Sheikh Zayed Housing Programme (SZHP).
As a part of the scheme, Sukoon Insurance coverage and Sukoon Takaful might be a part of a pool of UAE-based insurers, providing protection to people as much as 95 years of age, far past the market norm. It should additionally empower older Emiratis as much as 70 years of age, by offering housing finance with a most 25-year time period.
The housing finance might be administered by main native banks within the UAE.
The brand new programme was introduced following a similar tie-up between SZHP with ADNIC.
Ahmed MA Abushanab, Chief Government Officer at Sukoon Takaful, commented: “Via this partnership, we’re dedicated to empowering UAE nationals with options that promote long-term stability and well-being.
“With an prolonged age restrict, we’re addressing a important market hole and reaffirming our dedication to providing customer-centric plans tailor-made to the wants of the market.”
Earlier this yr, Sukoon Takaful announced its monetary outcomes for the yr ended December 31, 2024, reporting a return to profitability. This optimistic end result displays the effectiveness of strategic initiatives applied all year long, together with portfolio optimisation, value efficiencies, and a renewed concentrate on core competencies.
The partnership with SZHP is one other step additional to the corporate’s dedication of being a number one reference within the area’s takaful area.