Deterioration of Stock Takaful Scheme
Deterioration of Stock Takaful Scheme provides coverage for the individuals or company/business owners against damage to stock of perishable cold goods stored in a cold storage machine which is indemnifiable under the Machinery All Risk Takaful Scheme.
Basic Scope of Cover
- This Takaful Scheme provides coverage for the stocks of perishable cold goods from losses caused by unforeseen and sudden physical loss.
Eligibility
- Any individual or company/business owner who has stocks of perishable cold goods stored in cold storage machines can participate in this Scheme.
- Note:
Participants must have an active Machinery All Risk Insurance/Takaful policy to participate in this Scheme.
Period of Takaful
- Duration of cover is for one (1) year. You need to renew your Certificate annually.
