The ruling of joining a conventional insurance company was given by, Dr. Monzer Kahf  as thus,

“If there are any Takaful companies (Islamic insurance) that you can take the contract with any kind of insurance offered by such companies is permissible. But if there are no Takaful companies that you can reach and you believe that this kind of insurance is needed for you may take it with a conventional insurance company. Of the well respected views on insurance is that all insurance contracts offered by conventional insurance companies are permissible provided two conditions are fulfilled: the object be permissible; and the contract is not interest-based. Both conditions are to be fulfilled in case of accident insurance…”