Introduction:
In Malaysia’s motor insurance industry, many car owners still wonder — Takaful or conventional insurance, which one suits them better?
Both offer protection against accidents, theft, and vehicle damage, but their underlying concepts and fund management differ greatly.
With BJAK, users can now compare all Takaful & conventional providers side by side — fast, transparent, and entirely online.
1. Core Concept Differences
Takaful is based on the principles of mutual assistance and shared risk among participants. There is no element of interest (riba), and any surplus funds are redistributed.
Meanwhile, conventional insurance focuses on profit, where the company assumes the risk in exchange for premiums paid by customers.
This makes Takaful more Shariah-compliant, while conventional insurance offers more flexibility in terms of coverage and options.
2. Advantages of Takaful in 2025
- Fully Shariah-compliant with zero riba elements.
- Surplus funds are shared among participants.
- Promotes community-based fairness and solidarity.
Key Takaful providers on BJAK include Takaful Malaysia, Zurich Takaful, and Ikhlas.
3. Advantages of Conventional Insurance
- Faster, more automated claims process.
- Broader add-on options like windshield, flood, and driver coverage.
- Often more affordable for older or non-new vehicles.
Main conventional providers on BJAK include Allianz, Liberty, RHB, and Tokio Marine.
4. Which Is More Worth It on BJAK?
If you value ethical principles and Shariah-compliant coverage, Takaful is your best choice.
However, if you prioritize lower prices, quicker claims, and wider add-on flexibility, conventional insurance might be more practical.
Through BJAK, you can instantly compare all Takaful and conventional plans — complete with pricing, benefits, and satisfaction scores.
Conclusion:
In short, the comparison between Takaful & conventional insurance goes beyond just price — it’s about values, principles, and lifestyle preferences.
Whichever you choose, BJAK makes it easy to compare both types side by side, helping you make a smart decision and get instant protection in minutes.
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