Sukoon Insurance

Sukoon Insurance { Formerly Oman Insurance Company }

About the company

Sukoon Takaful PJSC is a leading Sharia-compliant insurance provider in the UAE, operating as the dedicated Islamic insurance arm of Sukoon Insurance (formerly Oman Insurance Company).

Key Company Overview

Establishment & Rebranding: Originally founded in 1978 as the Arabian Scandinavian Insurance Company (ASCANA), it was acquired by Sukoon Insurance in 2023 and rebranded as Sukoon Takaful in June 2024.
Sharia Compliance: The company provides Takaful (cooperative insurance) solutions that avoid Riba (interest) and Gharar (uncertainty). It operates under the Wakala model for policy management and the Mudaraba model for investments.
Financial Strength: It holds an “A” rating from S&P Global, reflecting its strong financial foundation and the support of its parent company.

Core Insurance Products

Sukoon Takaful offers a wide range of participant-centric solutions for both individuals and businesses:

Motor Takaful: Comprehensive and third-party liability coverage for vehicles.
Medical Takaful: Health protection plans for individuals, families, and corporate groups.
Life & Family Takaful: Sharia-compliant life protection and group family plans.
Property & General Insurance: Coverage for homes, workspaces, engineering risks, marine cargo, and general accidents.
Liability Insurance: Professional indemnity, workmen’s compensation, and public liability solutions.

Motor Claims:

testimonials

Real stories, Real trust ! Hear from our satisfied clients

We take pride in the trust our clients place in us. Through real-life stories and testimonials, hear how our comprehensive insurance solutions have made a positive impact on their lives. From smooth claims processes to personalized service, our satisfied clients share how we’ve helped them protect what matters most.

"Insurance policy.ae is a such amazing company,it's all what you need in the future, they always have excellent plans for you and your family, Thank you so much to the company who has been provided all what we need.."

Ahmad Paul akbar

Service was quick. The staff was quick ,knowledgeable, friendly and we were satisfied with the policy given to us

Biti Khil

Always helpful and always available. The folks at InsurancePolicy are my insurance people, for everything…cars, healthcare, travel and that makes my life easier. Peace of mind would be enough, but their bundled rates beat everyone else I’ve used before too. I Definitely recommend this agency!

Mutahir Ali

Excellent Service! The Comparison and delivery of the selected policy was done in a few hours! Keep up the good work - InsurancePolicy Team! Kudos!

Sujith Menon

Had a great experience with Insurancepolicy.ae Team, they were quick to issue my travel policy at the last minute 😊.

Sanjay Nagdev

Our Trusted Insurance Partners

Partnering with Leading Insurance Providers to Offer You the Best Coverage in the UAE

we collaborate with a wide network of reputed local and international insurance providers to bring you the best coverage options in the UAE. Our partners are carefully selected for their credibility, reliability, and comprehensive insurance solutions, ensuring that you have access to policies that fit your needs and budget.

Sukoon Insurance