Surplus Payment Registration

Surplus Distribution Registration

Customer Type

Individual Corporate

Saudi ID/Iqama ID*

Hijri DOB

Email*

Customer Name

Customer Name(Arabic)

Plate Number

Chassis Number

Surplus Distribution Payment

Surplus Amount Breakup

Policy Year	2014	2015	2016	2017	2018
Applicable Surplus Amount (A)	0	0	0	0	0
VAT recoverable (B)					0
Net Amount Payable/ Surplus Payable Amount (A-B)	0

I agree to the deduction of this VAT amount from the surplus distribution attributable to my policy

Surplus distribution is the process of sharing the underwriting surplus and investment income between the takaful operator and its participants at the end of the certificate period following an agreed sharing ratio. According to the Article 70 (2e) of the Implementing Regulations of the Law on Supervision of Coperative Insurance Companies, 10% of the net surplus from insurance operations should be distributed to the policyholders.

Individual policies, where the ratio of the gross claims incurred over the gross earned premiums is less than 70%, are eligible for surplus. For the calculation of ratio, haven't combined other policies for other lines of business that one client may be having in his name. However, subject to practicality, if a client has number of separate policies to cover a number of similar risks in the same line of business, all such policies in the name of the same client have combined to arrive at the ratio for determining the surplus eligibility.

if a client has number of separate policies to cover a number of similar risks in the same line of business, all such policies in the name of the same client have combined to arrive at the ratio for determining the surplus eligibility.

The share of the surplus is subject to the settlement of all due premiums, irrespective of the year in which such premiums incepted and therefore could be offset against such due premiums.

Beneficiaries can also authorize the company to donate the amount to accredited charities, according to the instructions of the Saudi Arabian Monetary Agency.

Ideally it should be claimed within 10 years of declaration

Policyholders should have the choice to have a cash or cheque/bank transfer or seek rebate in the renewal amount(s) due.

Through a bank transfer

You may please go to our website ' Click Here ', By entering your national ID / Iqama number via the link , the site will show you the available eligibility for surplus insurance.

If the claim that we have paid exceeds 70% of the premium that you have paid to Al Rajhi Takaful, you are not eligible for the surplus distribution

Since you are not at fault in the accident, you will be eligible for the surplus distribution.

If the claim that we have paid exceeds 70% of the premium that you have paid to Al Rajhi Takaful, you are not eligible for the surplus distribution

You will need to validate your National address on our surplus distribution web page. We will send you a cheque provided your eligible surplus distribution amount exceeds SAR 20.

We will transfer to you any surplus distribution that exceeds SAR 10

Call Al Rajhi Takaful call center 920004414 or complete the contact us form on this site https://www.alrajhitakaful.com/ar/contact-us

You can authorize Al Rajhi Takaful to donate the amount to accredited charities on your behalf or accumulated with future distribution.

Al Rajhi Takaful promise to deliver affordable solutions that best fulfill the insurance needs of our customers. We offer Sharia compliant insurance solutions keeping in mind the Islamic laws & traditions. The company provides innovative products and offers exceptional services that cater to the diverse needs of its customers across Saudi Arabia. This includes health insurance , travel insurance , motor insurance & more. Through our customer-centric approach, we look after your concerns to the best of our abilities.

We constantly strive to uphold the principles of ethics and fairness to achieve the best for our customers. We are a team of dedicated professionals, committed to the service of our clients. We offer you a range of plans that are tailored as per your needs. We not only provide value for money options but also ensure that customers’ needs are best met.

Whether it’s about securing your family’s financial expenses or safeguarding the things you care the most about, the answer is on your fingertip. Just browse through the array of policies we offer and choose the one that suits your needs well. In addition, you can also avail visitor visa insurance and medical malpractice insurance .

Compared to its peer insurance companies, Al Rajhi Takaful is descried as the most trustworthy insurance in Saudi Arabia and has a very convenient, simple, and effortless process for buying or renewing insurance policies . We aim to provide protection to our customers through simpler, reliable, and affordable insurance solutions.

To know more, you can reach out to us on our customer care number – +966 9200 04414 or pay a visit to your nearest Al Rajhi Takaful branch.

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