In its permanent quest to best meet the diverse expectations of its clients, and to offer them the possibility of traveling with complete peace of mind, the National Bank of Algeria (BNA) launched today, Sunday, November 17, 2024, its new Islamic product “Al SAFAR”, developed within the framework of a partnership with EL MOUTAHIDA TAKAFUL. This is a new insurance designed to offer optimal protection to travelers by integrating emergency assistance as well as complete medical coverage.
Indeed, this new product, intended for the segment of private individuals among the Bank’s clients, is in itself an insurance coverage that guarantees the policyholder insurance and assistance during their travel abroad. The care of the policyholder is carried out according to what is previously agreed upon in the specific subscription conditions, should the latter be subject to an accident and/or a health problem during a trip abroad. The Takaful Bank has been integrated into the WEB PLEDGE platform, including specific features to better meet customer needs.
Within the framework of this new insurance and assistance product abroad, named “Al SAFAR” and compliant with the precepts of Islamic Sharia, the National Bank of Algeria proposes a series of insurance coverages which includes:
“Al SAFAR CLASSIC” (to all destinations);
“Al SAFAR MEDEX” (to Tunisia and Turkey);
“Al SAFAR VIP”, which is a preferential insurance coverage;
“Al SAFAR Hadj and Omra”, intended for persons traveling to the Holy Places of Islam.
The marketing of this new product, which joins others compliant with the precepts of Islamic Sharia, constitutes an additional step in this permanent quest—that of the Institution—to enrich the offer of its Islamic Finance activity and to work tirelessly to propose innovative products adapted to the needs of its clients and market developments.
Let us recall that on September 1, 2024, the National Bank of Algeria (BNA) launched the marketing of the “Al RAFIK” product, within the framework of Takaful Banking, in partnership with El-DJAZAÏR El-MOUTAHIDA TAKAFUL. The “Al RAFIK” product is intended to insure the various financings proposed by the Bank, including real estate financing and/or consumer goods.
