Introduction
Car Takaful is popular amongst Malaysians for its shariah compliancy, and it also attracts non-muslims that share the same principles. Many car owners still have questions about policies, claims, and benefits. This article lists the most common FAQs to help you understand car Takaful for swift protection.
FAQs
1. What is Car Takaful?
Car Takaful is Shariah-compliant vehicle protection, where participants share risks.
It covers:
- Damage from accidents
- Theft
- Sometimes natural disasters, depending on the plan
2. Types of Car Takaful Coverage
- Comprehensive (1st Party): Full coverage including own damage and third-party.
- Third Party Only: Coverage against 3rd party only
- Optional Add-ons: Personal Accident coverage for vehicle owners.
3. How Do Claims Work?
- Report accident or damage to Takaful provider.
- Officer evaluates the report & damage.
- Payment or repair is provided according to the policy.
- Instant coverage applies only if vehicle & owner info is valid and no policy gap exists.
4. Is Takaful mandatory for roadtax?
Yes, active Takaful is required just like conventional insurance for roadtax renewal.
5. Can I claim at my preferred workshop?
Depends on the company, but most allow panel workshops for faster processing.
6. What if there’s a coverage gap?
Claims may be delayed or require additional Takaful approval.
7. Can I upgrade from 3rd Party to Comprehensive?
Yes, typically by updating the policy and paying the new premium based on vehicle value.
8. Does Takaful offer NCD?
Yes, participants with no claims receive No Claim Discount, which reduces next year’s premium.
Conclusion
Car Takaful provides flexible premiums according to your budget, Shariah compliant coverage to ensure that everyone in need is able to receive aid. By understanding the policy and what is offered it will assist in providing a smoother claims process whilst avoiding issues such as accidents or roadtax renewal.
Read More:
Common Mistakes When Renewing Roadtax Online
