Monday, April 15, 2024

Coverlo – Pakistan’s First Online Islamic Insurance

Coverlo, Pakistan’s first ever Digital Takaful is a product of First Digital Takaful (FDT). Coverlo is a step forward towards innovation to the conventional methods of Insurance. A seamless process to provide Shariah compliant services in a paper free manner while eliminating all hassles in process.

 Coverlo will be operating under SECP’s Regulatory Sandbox. Such technology and innovation, never seen before in Pakistan’s insurance sector, will forever alter the insurance order by providing safety and protection in the most efficient manner.  By catering specifically to millennials and Generation Z, Coverlo allows for financial inclusivity of this largest segment of the population. The accessibility throughout Pakistan and the availability on all platforms including Desktops, Laptops, Tablets, and Mobile Phones makes it the platform to choose for utmost convenience and ease. Their Bilingual FAQs and policies are also designed to be more relatable to our target audience. They are particularly keen on empowering our customers to be able to cater to all adversity and difficulties in life. To do so, we’ve also provided a cost advantage.

FDT products include Personal Health Takaful, Family Health Takaful, Personal Accident Takaful, Domestic Travel Takaful and Home Takaful. The Personal Health Takaful provides a customer-protected hospitalization cover in case of an accident or illness. The policy has different unique features including access to Tele-Medicine and access to over 100 hospitals, made easy and affordable. FDT’s Family Health Takaful is a hospitalization cover that ensures the protection of not only the customer but also their spouse and children in case of an accident or illness. The family is safeguarded against in-patient expenses – protecting the customer’s financial strength. Personal Accident Takaful insures the customer and his family in case of an accident/Permanent Disability and is extended to include medical expenses and repatriation costs. FDT Domestic Travel Takaful offers a series of advantages to protect its clients against various risks, including personal accidents, medical emergencies and luggage loss. FDT’s Home Takaful is designed to provide customer home structure and content with a comprehensive coverage, including cash and home jewelry security

The aim with Coverlo is to provide Islamic Insurance in the most seamless manner that incorporates efficiency, Shariah Compliance, integrity, passion and innovation. We wish to protect our customers from any adversities in life and also intend on expanding our project to include more products including Health cover for elderly, Motor Takaful, and International Travel Takaful. Our innovation and customer-centric policies make us the perfect and trustworthy Islamic Insurance platform.

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