Takaful is an Arabic word that means “Guaranteeing each other". It is an Islamic system of Insurance based on the principle of Ta’awun (cooperation) and Tabarru (gift, give away, and donation) where the group voluntarily shares the risk collectively.

Takaful is a pact among a group of members or participants who agree to guarantee jointly among themselves against loss or damage to any of them as defined in the pact. System Scope.

It has always been difficult to gain business knowledge of something, which relatively new to the market and still not explored much, but due to highly skilled and dedicated technical team along with the clientele of market giants, Plexus had crossed this hurdle successfully and become one of the prominent names among automated solution providers.

GTIS (General Takaful Insurance System) is based on Wakala Waqf Model of Takaful. It has been successfully implemented. GTIS possesses following attributes:

Core Features

  Effectively increased performance of users involved in the business operation associated with General Takaful.
  GTIS generates Quotation, Policy, Policy Renewals and Endorsement efficiently after the insertion of required data by the user.
  The system also maintains and tracks record of all documents it has generated.
  The system takes care of all the transactions and calculations involved in Re-Takaful process.
  The system has a built-in feature to register claims. It takes detailed information, for instance, claim number, loss type, loss date, estimated amount and date, etc.
  The system also cater facility in processing of agent commission
  The system facilitates user to fulfill procedures of premium/contribution processing more effectively in less time.
  GTIS supports automatic posting of (Receivables & Payables) into accounts
  The system also has capability to do batch processing of renewals.

Other Features of GTIS

  GTIS is scalable according to the size of business.
  System has been geared with attributes that will help in tailoring business according statutory and organizational needs.
  System has been designed with user friendly interfaces.
  System possesses attributes that enable different user level to support data security issues.
  User will also be facilitated by the Customer Support of highly skilled personnel
  GTIS is based on Oracle RDBMS, which itself increases its performance and accuracy.