Conventional insurance, medical aid schemes and hospital plans are not permissible according to
Shari’ah since they contain the inherent elements of Qimar (gambling) and Gharar (future uncertainty) which
have been expressly prohibited in the Shari’ah.
Reference Links – https://ampindia.org/cms/public/cmsPageAttachments/1539009572$$Interest%20Income_Fatwas.pdf