Help To Provide Mutual Financial Aid
By partnering with selected Program Owners such as associations and cooperatives, CoFAP can facilitate immediate financial support to its community members against the increasing medical costs today.
It is a fully transparent, disciplined approach and exceptionally reliable platform that helps to provide mutual financial aid protections amongst group members. It is administered yearly on behalf of members by the administrator, VSure.life, as a platform for members to crowd share the payout in accordance with the program’s Shariah guidelines.
CoFAP is not an insurance nor a takaful product, but an alternative to reduce financial burden of the people in unfortunate events. Unlike insurance companies or takaful operators, the administrative and operating costs are kept to a minimum.