Motor Takaful

     

The need for Motor Takaful Policy

 

Once upon a time, the motor car was a luxury for the rich and famous, but now it has become an essential element of society. Everywhere on the planet where we find people, we also find cars. It may have become easier to own a car but it is also expensive, especially in the case of accidental damage. In the turbulent world of today there is also the risk of theft, which is not only a major financial loss but also a distressing experience for the owner. Pak-Kuwait Takaful Company Limited (PKTCL) Motor Takaful Policy protects you against such losses and provides you with peace of mind by providing you cover against the element of risk.

 

What does the Motor Policy cover?

 

The policy offers the following scope of coverage:

 

Section 1:  Undertakes to reimburse the expenses incurred for:

 

  • Repair/replacement of the parts of the vehicle.
  • Pays the market value of the vehicle in case of a total loss provided that the originating cost of such damage is an accident, including theft.  

Section 2:  This section is compulsory. It covers the legal liability to third party personal injury and property damage arising out of an accident involving the insured vehicle.

 

What are the optional extensions?

 

The extensions that are offered are as follows:

 

    ·     Loss of accessories.

    ·     Increased legal liability towards property damage of third  
 party.

 

 

Salient Features

 

  • An Islamic alternative to insurance.
  • The unique benefit of “Profit Sharing”.
  • Competitive market rates.
  • Prompt settlement of claims.
  • Personalized customer services.
  • Recognized by Shariah Advisory Board.
Motor Takaful
 

 

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