Libano-Suisse Takaful Egypt: A Comprehensive Overview
Libano-Suisse Takaful Egypt is a leading Shariah-compliant Life and Health Takaful business founded in 2013 with a paid-up capital of EGP 119 million. The company is pursuing an expansion plan to gradually cover the entire Egyptian territory, With headquarters in Maadi and subsidiaries in Alexandria, Tanta, and Heliopolis. The Libano-Suisse Takaful Egypt is a member of the Libano-Suisse Group, which was formed in 1959 and is a pioneer in the insurance service industry in Lebanon.
Takaful is Islamic insurance based on the ideals of cooperation, responsibility, and solidarity. It is a Shariah-compliant alternative to conventional insurance, which is considered haram (forbidden) in Islam due to its reliance on interest and speculation. Takaful runs under the premise of tabarru, which means donation or contribution, and involves participants contributing to a common fund to support each other in need. The funds are managed by a Takaful operator, who invests them in Shariah-compliant assets and distributes the profits among the participants.
History and Foundation
Libano-Suisse Takaful Egypt was established in 2013 as a premier Shariah-compliant life and health Takaful company. However, the company’s origins can be traced back to 1959, when Libano-Suisse Insurance Co was founded in Lebanon by Union Re of Zurich and a group of Lebanese businessmen.
Origins in Lebanon
Libano-Suisse Insurance Co. started as a small company. Still, it has since become a market leader and is now ranked among the top 5 insurance companies in Lebanon, its home market. The company’s success is attributable to the partnership between Union Re Zurich and the Lebanese business people who had the essential expertise in national insurance to enable a brand new organization to take the market from international agencies.
Expansion into Egypt
Libano-Suisse Takaful Egypt was Founded in 2013, with a current paid-up capital of EGP 119 million. The company has its head office in Maadi and branches in Alexandria, Tanta, and Heliopolis, and it is pursuing an expansion plan to gradually cover the whole Egyptian territory. Libano-Suisse Takaful Egypt is part of the Libano-Suisse Group, a pioneer in the Middle Eastern insurance business in the Gulf and North Africa regions.
The company’s commitment to Shariah compliance has made it a popular choice among customers seeking ethical and transparent insurance solutions. With a focus on life and health, Takaful, Libano-Suisse Takaful Egypt has become a trusted partner for individuals and families looking to protect their financial future.
Libano-Suisse Takaful Egypt’s history and foundation can be traced back to its roots in Lebanon in 1959. The company’s success in its home market has paved the way for its expansion into Egypt, where it continues to provide innovative and ethical insurance solutions to its customers.
Takaful Products and Services
Libano-Suisse Takaful Egypt offers a range of Shariah-compliant Takaful products and services to cater to its customers’ diverse needs. The company provides both Health and Life Takaful plans and Investment-Linked Takaful Plans.
Health Takaful
Libano-Suisse Takaful Egypt’s Health Takaful plans are designed to provide comprehensive medical coverage to individuals and families. These plans offer many benefits, including hospitalization, outpatient treatment, and emergency services. The company’s medical plans are available at different levels, and clients can select a plan that best suits their needs and budget.
Life Takaful
Libano-Suisse Takaful Egypt’s Life Takaful plans aim to provide clients with financial protection—families in case of death or disability. These programs offer a lump-sum payment to the beneficiary in case of the policyholder’s death or a payout to the policyholder in case of disability. The company’s Life Takaful plans are available in different tiers, allowing customers to choose a plan that best suits their needs and budget.
Investment-Linked Takaful Plans
Libano-Suisse Takaful Egypt’s Investment-Linked Takaful Plans allow customers to invest in Shariah-compliant investment funds while enjoying the benefits of Takaful coverage. These programs offer customers the flexibility to pick their investment strategy and the required coverage level. The company’s Investment-Linked Takaful Plans are available in different tiers, allowing customers to select a plan That best fits their requirements and investing objectives.
In conclusion, Libano-Suisse Takaful Egypt provides Shariah-compliant Takaful products and services, including Health and Life Takaful and Investment-Linked Takaful plans. The company’s products are intended to cater to its customers’ diverse needs. They are available in different tiers, allowing clients to select the best package for their needs and budget.
Operational Presence
Libano-Suisse Takaful Egypt is a premier Shariah-compliant Life and Health Takaful Company. It was founded in 2011 with a paid-up capital of EGP 60 million. The company has been expanding its operational presence in Egypt since its inception and has a network of branches in Cairo, Alexandria, Tanta, and Heliopolis.
Network in Egypt
Libano-Suisse Takaful Egypt’s head office is in Maadi, Cairo, and it has a strong presence in the Egyptian market. The company has been pursuing an expansion plan to cover Egyptian territory gradually. The plan includes opening new branches in strategic locations across the country to provide better access to its products and services.
The company’s branch in Alexandria is located in the city’s heart, making it easily accessible to customers. The Tanta branch is in the city center, and the Heliopolis branch is in one of the most affluent neighborhoods in Cairo. The company’s branches are staffed with experienced professionals committed to providing excellent customer service.
Gulf Region Influence
Libano-Suisse Group, of which Libano-Suisse Takaful Egypt is a member, is a pioneer in the insurance service industry in the Middle East, the Gulf, and North Africa regions. The group operates in eight countries: Lebanon, Saudi Arabia, Qatar, Kuwait, Bahrain, Egypt, the UAE, and Iraq.
The group’s extensive experience and expertise in the Gulf region have influenced Libano-Suisse Takaful Egypt’s operations in many ways. The company has leveraged the group’s network and knowledge to provide innovative and customized Takaful solutions to its customers in Egypt.
In conclusion, Libano-Suisse Takaful Egypt has a strong operational presence in Egypt, with a network of branches in strategic locations across the country. The company’s affiliation with the Libano-Suisse Group has provided innovative and customized Takaful solutions to its customers in Egypt.
Customer Experience and Services
Claims Processing
Libano-Suisse Takaful Egypt is committed to providing its customers hassle-free claims processing experience. The company has a team of experienced claims processors who work diligently to ensure that claims are processed quickly and efficiently.
When a customer files a claim, the company’s claims team reviews it and provides the customer with a clear and concise explanation of the process. The team also keeps the customer notified of the status of their claim throughout the procedure.
Customer Service Excellence
Libano-Suisse Takaful Egypt is dedicated to providing its customers with excellent customer service. The company’s customer support team can address any queries or issues. That customers may have. The team is knowledgeable and professional, striving to provide customers with the highest level of service.
In addition to its customer service team, Libano-Suisse Takaful Egypt offers its customers a number of other services. For example, the company provides a health insurance card that gives customers access to various healthcare services. The company also offers a Prestige Program that provides customers with several exclusive benefits and privileges.
Libano-Suisse Takaful Egypt is committed to providing its customers with the best possible experience. When a customer files a claim or has a question, the company’s team is dedicated to providing the highest service and support.
Financial and Corporate Information
Market Position
Libano-Suisse Takaful Egypt is a premier Shariah-compliant life and health Takaful company established in 2013. The company currently has a paid-up capital of EGP 119 million. The corporation has realized a gross written premium of 207 million EGP in the fiscal year 2018 – 2019, which corresponds to a growth rate of 65%. The growth rate for fiscal year 2019 – 2020 revolves around 45%.
Investment and Capital
Libano-Suisse Takaful Egypt is part of the Libano-Suisse Group, which was founded in 1959. The company has grown from a tiny firm to a regional group that covers all types of insurance and serves over 400,000 consumers in seven countries. It is a market leader, ranking among the top five insurance companies in Lebanon, its home market.
The company’s expansion plan is to grow its business in the Middle East, the Gulf, and North Africa regions. Its investment and capital plans are aligned with this plan.
In conclusion, Libano-Suisse Takaful Egypt has a strong market position and is a market leader in the insurance industry. The company has a solid investment and capital plan to support its expansion.
Frequently Asked Questions
What types of insurance products does Libano-Suisse Takaful Egypt offer?
Libano-Suisse Takaful Egypt offers a range of Shariah-compliant life and healthy Takaful products. The e include investment-linked Takaful plans, medical plans with regional coverage, pension plans, and group life insurance plans. The company also offers Takaful products for children, such as education and savings plans.
How can I contact customer service for Libano-Suisse Takaful Egypt?
If you have any questions or issues, please contact Libano-Suisse Takaful Egypt’s customer service at their toll-free number, 19609. You can also email them at info@libano-suisse.com. The customer service representatives are available Sunday through Thursday, from 9:00 a.m. to 5:00 p.m.
Where are the branches of Libano-Suisse Takaful Egypt located?
Libano-Suisse Takaful Egypt has branches in Alexandria, Tanta, and Heliopolis, in addition to its head office in Maadi. It is pursuing an expansion plan to gradually cover the whole Egyptian territory.
What are the career opportunities available at Libano-Suisse Takaful Egypt?
Libano-Suisse Takaful Egypt offers a range of career opportunities for individuals passionate about the insurance industry. The organization creates a dynamic work atmosphere that fosters growth and development. Please visit their website or contact their human resources department for further information.
How can I obtain information about the salaries and benefits at Libano-Suisse Takaful Egypt?
If you are interested in working at Libano-Suisse Takaful Egypt and would like to obtain information about salaries and benefits, you can contact their human resources department. They will be able to provide you with the information you need.
What is the licensing number of Libano-Suisse Takaful Egypt?
Libano-Suisse Takaful Egypt’s licensing number is 1/2013. The Egyptian Financial Regulatory Authority (FRA) regulates the company and complies with Shariah principles.
