Participation Insurance in Turkey

Annual renewable term life designed for farmers in the Tarim Kredi cooperative system: on death, the chosen fixed sum is paid to the family in a lump sum to keep installments, bills and farm operations running. Twelve printed benefit tiers from 25,000 TL to 500,000 TL; entry ages 18-60 with renewals allowed to age 65; one-year term renewable annually. Sold at cooperatives alongside input finance, by the company that launched as Turkey's first interest-free pension and life insurer in 2012.

General-purpose annual renewable term life from the cooperative system's life insurer: a chosen fixed death benefit paid to beneficiaries, with disability protection framing per the product family, tax-deductible premiums and claims handled centrally by the general directorate with document-based assessment. The urban sibling of Ciftci Hayat Arkadasi for customers outside the cooperative channel, sold through 130+ agencies and four participation banks (Turkiye Finans, Emlak Katilim, Hayat Finans, Ziraat Katilim).

Home package (Bereketli Konut) covering fire, theft, water damage, storm, glass and liability for building and contents, sold alongside the mandatory state DASK earthquake policy which Bereket issues at the state tariff. A separate Bakimli Evim home assistance product and a Deprem Destek (earthquake support) cover appear on the shelf for top-ups, giving cooperative-channel households a full participation home stack.

Comprehensive motor own-damage cover from the Tarim Kredi cooperative system's participation insurer: collision, fire, theft, natural events and liability extensions, with claims support benefits including courtesy vehicle during repairs, no-claims discount protection and valet services on qualifying policies. Sold through 500+ agencies, eight partner banks and, uniquely, 1,598 agricultural credit cooperatives reaching villages no other insurer's network touches.

State-subsidized agricultural insurance written through the TARSIM pool: crop (hail, frost, flood), greenhouse, livestock, poultry and aquaculture covers where the state pays roughly half the premium. Bereket, owned by the agricultural credit cooperative system, is the natural participation-channel writer, with policies sold at 1,598 cooperatives where farmers already bank their input finance. Bereket also holds an equity stake in the TARSIM pool operator alongside other insurers.

State-mandated motor third-party liability cover written on participation principles by the cooperative-owned insurer. Cover and limits are identical across the market by regulation; Bereket's differentiation is participation treatment of premiums (interest-free investment, committee oversight) and its rural sales network, including green card (international) motor liability for cross-border drivers.

Home contents and building cover plus mandatory DASK earthquake insurance issued at the state tariff, from the participation entity of the Talanx group. Konut and DASK are both quotable through aggregators, making HDI Katilim one of the easiest participation home covers to comparison-shop.

Mandatory motor liability at state-set cover and limits from the Talanx group's participation entity, with premiums handled per the supervised participation model: committee-restricted risk selection and interest-free investment of collections. Vehicle branch licensing covers the ruhsat classes HDI Katilim is authorized for.

HDI Katilim's flagship extended comprehensive motor cover: theft, collision and a broad unexpected-risk teminat set marketed as super extended, quotable through aggregators (Sigorka lists kasko, DASK and konut) and agencies. Backed by the Talanx group's Turkish participation entity, with the segment's most openly published Shariah documentation.

Decreasing-term credit life insurance for participation bank financing: the death benefit tracks the outstanding financing balance so the debt is extinguished rather than inherited if the customer dies during the term. Sold alongside Kuveyt Turk and Albaraka financing with easy application, decreasing cover matching the payment plan, and a commercial variant (Ticari Kredi Hayat) for business financing; a companion credit-linked personal accident product covers accidental death and disability with premiums that fall as the debt amortizes.

Annual renewable participation life policy with four benefit blocks and a published limits table: death (5,000 TL minimum, maximum in the tens of millions per the printed table), accidental permanent disability (same limits), accidental treatment costs (200 TL to 1,200,000 TL) and critical illness including cancer, heart attack and stroke (1,000 TL to 6,000,000 TL). Open to healthy applicants aged 18-64; renews automatically each year; premiums payable from Kuveyt Turk or Albaraka accounts, or by card in up to 6 installments; premiums qualify for Turkish income tax deduction within statutory limits.

Launched November 2025 for upper-segment, luxury and large SUV vehicles aged 0-5 years. Removes the limits that define standard kasko: unlimited replacement car, unlimited towing, unlimited voluntary liability (IMM) and unlimited key loss cover, plus what Neova states is the market's only unlimited moral damages (manevi tazminat) support. Positioning per the company's technical deputy GM: eliminate the limit concept in the services premium car owners actually use.

Turkey's compulsory motor third-party liability insurance written on participation principles. Cover scope, minimum limits and much of the pricing corridor are set by state regulation identically for all insurers; what differs at Neova is what happens to the premium: it enters a participation risk fund invested only in interest-free instruments under advisory committee oversight. Neova also participates in the state's mandatory pooling arrangements for high-risk drivers, as all licensed motor insurers must.

Home contents and building cover on participation principles: fire and explosion, theft, water installation damage, natural events (flood, storm), electrical damage, glass breakage, neighbor and tenant liability, and emergency home assistance. Sold alongside the mandatory state earthquake policy DASK (Zorunlu Deprem Sigortasi), which Neova issues as an authorized insurer; DASK covers the building shell up to the state-set maximum while the konut policy covers contents and risks DASK excludes.

Complementary health insurance (TSS) that picks up the extra fees SGK-insured patients face at contracted private hospitals: with a TSS policy, inpatient treatment, surgery, intensive care and (depending on plan) outpatient visits at SGK-contracted private facilities come without the private top-up bill. Neova writes TSS plus private health on participation principles, with a wide contracted network and extras such as check-up packages on richer plans.

Comprehensive own-damage motor cover from Turkey's largest participation insurer: collision, fire, theft, natural disasters (flood, hail, storm), glass breakage, key loss, roadside assistance and replacement car. Replacement car terms are unusually precise: up to 15 days twice per year when repairs run through Neova's contracted repair network for vehicles up to 3 years old, 7 days otherwise. Replacement car applies to partial losses only, not theft, fire or total loss, and requires the car to be undriveable.

The life shelf of the state participation insurance project: term life and credit-linked life cover written under the Full Participation Model and distributed mainly where state participation banks (Ziraat Katilim, Vakif Katilim, Emlak Katilim) originate financing. The smallest participation operator (18.6 million TL production, 0.24% share in January 2026) but growing at 56.84% nominal, with product documentation on the shared turkiyekatilimsigorta.com.tr site still limited.

Compulsory motor third-party liability at state-set cover and limits, written under the Full Participation Model with premiums invested in interest-free instruments. Sold in state participation bank branches, by agencies and via the call center; part of the product mix that took the company to 24.87% of participation production within three years of launch.

The state participation insurer's flagship extended comprehensive motor product: collision, theft, fire, natural events and extended service benefits, sold primarily through Ziraat Katilim, Vakif Katilim and Emlak Katilim branches with digital policy servicing and a searchable contracted repair network. The growth engine of the fastest-scaling operator in Turkish participation insurance (+225.63% nominal production, January 2026).

Home building and contents package (Konut Katilim) covering fire, theft, water damage, storm and liability, paired with mandatory DASK earthquake cover issued at the state tariff. Designed for the mortgage and home-financing customers of state participation banks, where home cover is arranged at financing; FAQs and product documents are published on the company site.

Group private health insurance written to participation principles for employers, associations and affinity groups: private hospital treatment cover for member populations with a contracted health network searchable on the company site. Currently the state participation insurer's health offering is group-format; standalone individual private health is not on the public shelf.