It is not permissible to work for an insurance company as the majority of them are commercial insurance companies that deal n both Riba and gambling.

IS IT HALAL TO DO INSURANCE ??OR WORKING IN A INSURANCE COMPANY IS HALAL OR HARAM ??

Insurance | March 2, 2014 6:25 am
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Is car Insurance allowed in Islam? My friend have car and he is afraid if somebody big car like BMW,MERCEDEZ,FERARY hit him how can he pay the huge amount. But if he make insurance he will be safe side.

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In the UK you can pay your car insurance 100% up front or you can pay in 12 monthly Instalments. If you choose instalment option there is an additional fixed charge for this credit 10%.