“My Bills”

“My Bills”

Bill payment insurance solutions

Tamkeen Insurance Company provides insurance solutions for the payment of periodic bills incurred by individuals by ensuring the continuation of payment of these bills and any periodic obligations in case of the individual’s death and the interruption of individual’s/family’s income and protecting them from the inability to pay periodic obligations incurred therefrom.

Coverages and Limitations:

Tamkeen Company in accordance with the bills payment insurance program, obliged to pay the bills and periodic obligations of the insured in the event of death according to the following:

• In case of death, billing expenses are covered, with a coverage amount of $20,000, to be obtained by the beneficiary either in one payment or divided into annual payments over a period of 5 years commensurate with the monthly bills’ installments and fees.
• The minimum age of accepting the participants to join the program is 18 years and the maximum is 45 years.

Compensation Mechanism:

The company must be notified in-writing of the death of the insured within (90) days from the date of death, and the notification is accepted from the beneficiary or his/her legal representative. The death must be proven and the necessary documents shall be attached.

Insurance premium value: 200 shekels