FMSAR: Takaful insurance fits "perfectly" with SNIF

The Moroccan Federation of Insurance and Reinsurance Companies (FMSAR), indicated that Takaful insurance fits “perfectly” with the implementation of the National Financial Inclusion Strategy (SNIF).

in its 5th Courrier de l’Assurance, the FMSAR emphasizes that “Takaful insurance fits perfectly with the implementation of the SNIF with the establishment in 2022 of a regulatory framework specific to microinsurance with expanding distribution channels to payment institutions”.

Welcoming the start of this new activity, the Federation salutes in this regard all the stakeholders who have contributed to the success of this very important project for the development of the market, as well as for the inclusion of a segment of the population. more comfortable with this type of concept.

According to the FMSAR, Takaful insurance should develop gradually with a focus in the start-up phase on the coverage of death insurance for the benefit of people using crowdfunding while integrating those who have not been able, until then, to cover loans contracted before the implementation of Takaful insurance.

Three insurance products are already ready for marketing in this first phase, she said, specifying that they are: “Death-borrower”, “Multi-risk building” and “Investment”.

The current offer, she notes, will be supplemented over time to meet customer needs, particularly with regard to health coverage and assistance services.

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