Title: I am System Operator in Srikalahasti Municiality and Agent in Bajaj Allianz Life Insurance Co. Ltd., my doubt is in Bajaj Allianz I do only (ULIP) Unit Linked and Insurance Product - That means depend on Share Market and company gives Insurance also to constomer - please give clarify to me immediately.

Question: I am System Operator in Srikalahasti Municiality and Agent in Bajaj Allianz Life Insurance Co. Ltd., my doubt is in Bajaj Allianz I do only (ULIP)Unit Linked and Insurance Product - That means depend on Share Market and company gives Insurance also to constomer - please give clarify to me immediately and send to my mail address.

Answer ID: 7341Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 1449/1364=D/1429)

Life insurance involves interest and gamble which have been declared haram by the Quran and Hadith. Therefore, any job comprising of the same is unlawful.