'Baitak Takaful' Launches Deferred Payment Service in Collaboration with 'Tali'
Launch of insurance installment service in four payments.
Translated by Qiyas from السياسة — Original source
Al-Nisf: We continue to develop our digital insurance service ecosystem for customer convenience
Qutayba Al-Nisf, Vice Chairman and Chief Executive Officer of Bitak Takaful Insurance Company (“Bitak Takaful”), announced the signing of a strategic partnership agreement with Talii, a deferred payment company. The partnership aims to provide innovative payment solutions that allow individual customers to split their insurance premiums into four equal installments, without additional fees or profits, in full compliance with Islamic Sharia principles. This initiative enhances the customer experience and offers greater flexibility in managing insurance obligations.
Under the agreement, individual customers of Bitak Takaful will be able to utilize Talii’s deferred payment service through the company’s website or the Bitak Takaful mobile app, as well as by contacting the call center. This provides customers with greater flexibility in repayment options and facilitates the management of their financial commitments.
Al-Nisf clarified that the deferred payment service is available exclusively to individual customers, as part of the company’s efforts to develop its services and offer flexible payment options that align with customer needs and support ease of access to insurance services.
He stated that the partnership with Talii represents a new step in the company’s journey toward developing its services and delivering innovative solutions that meet customer needs. He emphasized that Bitak Takaful will continue its efforts to develop its digital services and leverage the latest technological and financial solutions across all stages of the customer experience, keeping pace with customer needs and aspirations for a more convenient and flexible insurance experience.
Al-Nisf added that this partnership highlights Bitak Takaful’s role in supporting business development and utilizing modern technologies in financial transactions, reflecting the company’s continuous commitment to providing innovative solutions that enhance the customer experience and offer greater flexibility and ease in accessing its insurance services.
He noted that Bitak Takaful continues to invest in developing its digital service ecosystem, driven by its vision that technology has become a fundamental element in delivering more efficient and seamless insurance services. He affirmed that collaboration with fintech companies provides an opportunity to offer new experiences that keep pace with the rapid developments in the financial and insurance sectors.
The partnership reflects Bitak Takaful’s direction toward strengthening cooperation between the insurance and fintech sectors, and developing solutions and services that respond to customer needs and provide more flexible repayment options for insurance policy premiums.
