We asked Shaykh âAbd-Allaah ibn Jibreen.
He said: If insurance is compulsory and cannot be avoided, the one who is forced to buy it is excused. But if it is not compulsory then it is not permissible to buy it, so long as it is a type of commercial insurance, because it is a kind of gambling which is forbidden. End quote.
We have discussed the rulings on insurance in question no. 8889.