BONSERNEWS.com – Based on data from the Financial Services Authority (OJK) in Indonesia, there are currently 5 sharia general insurance companies and 24 companies that have sharia business units.
When compared to conventional insurance, sharia-based general insurance products and services do have some differences in answering aspects of the need for segmentation of consumers.
For this reason, it is very important for the public to pay close attention to the selection of the right sharia insurance products.
Also Read: This is the Risk of Delaying Insurance for Your Financial Future
The following are important things to know based on Tugu Insurance’s explanation:
WHAT IS A GENERAL SHARIA INSURANCE PRODUCT?
Sharia general insurance is important for consumers who want to have insurance products based on sharia economy.
Policyholders or referred to as participants will feel safe that the insurance products they have are halal and in accordance with Shari’a.
Sharia insurance is indeed based on a noble spirit, namely helping and protecting each other among insurance participants when a risk occurs.
Insurance companies that have sharia units must comply with sharia principles that have been established by the National Sharia Council of the Indonesian Ulema Council (DSN MUI).
Also Read: Tips for Choosing Insurance According to Yourself
To guarantee and ensure sharia-compliant insurance, insurance companies are required to have a Sharia Supervisory Board.
WHAT ARE THE ADVANTAGES OF CHOOSING SHARIA-BASED INSURANCE PRODUCTS?
The principle of sharia insurance in sharing risk is based on the spirit of helping and protecting each other among insurance participants.