Introduction
In Malaysia’s car insurance scene, many drivers opt for conventional car insurance because it often comes with a lower price tag. However, price isn’t the only factor — protection, claims process, and long-term value matter too. Through BJAK, you can compare conventional insurance and Takaful side by side, checking prices, coverage, and benefits all in one place.
1. Why Conventional Insurance Is Usually Cheaper
Conventional insurance works on a profit-based model, with premiums calculated based on risk and company margins.
Takaful, in contrast, operates on a shared-risk cooperative system, following Shariah principles, which can include slightly higher administrative costs.
Lower cost doesn’t always mean better value — something many drivers overlook.
2. Coverage and Flexibility
Conventional insurance often provides more flexibility and add-ons, such as windshield, flood, or key-loss protection.
Takaful offers similar options, but with a structured, transparent, and Shariah-compliant approach.
If you prefer to tailor your plan based on budget, conventional insurance may suit you. For those who value ethical protection and community-focused coverage, Takaful is ideal.
3. Claims and Customer Support
A major advantage of conventional insurers is their fast and extensive claims network, particularly with providers like Allianz, Liberty, and MSIG on BJAK.
Takaful operators might take slightly longer for certain claims due to Shariah verification, though Zurich Takaful and Takaful Malaysia have improved their digital claims processes to compete.
4. Long-Term Value — Worth It or Not?
Short-term, conventional insurance can save money.
Long-term, Takaful provides fairer value through surplus sharing and ethical principles, creating a stronger sense of community.
The choice depends on your priorities — immediate savings or sustainable, principled protection.
Conclusion
When comparing conventional car insurance with Takaful, it’s not about which is “better,” but which suits your needs. BJAK makes it easy to evaluate both, so you can pick a plan that aligns with your budget, protection needs, and personal values — all in one simple platform.
Read More:
BJAK Bengkel: Check Prices Before Sending Your Car
