Auto insurance policies in Malaysia are typically divided into two types — takaful vs conventional insurance. We have previously explored the differences between these two types of policies in one of our blog posts. Takaful car insurance holds significant popularity among Muslim consumers, as it adheres to Islamic principles.
Many Muslim consumers, driven by religious considerations, prefer takaful motor plans over conventional insurance. Given the widespread popularity of takaful products in Malaysia, here are the top three motor takaful plans to consider on Bjak!
Etiqa Takaful
Etiqa motor takaful policy covers policyholders from third-party bodily injury and death, third-party property loss or damage and loss or damage to own vehicle due to accidental fire, theft, or accident. It is one of the most popular insurance brands in the country for the following reasons.
- Instant discount – Get 10% off on top of your No Claim Discount (NCD) when you renew online.
- Fast and easy – Renew your insurance in 3 easy steps.
- Agreed value – In the event of a claim, you will be reimbursed according to the agreed value.
- All drivers – You do not need to enter any named drivers; all your authorised drivers are automatically covered.
- Nil excess – No more claims excess when you make a claim. For drivers above 21 years old only.
- 24-hour road assistance – Dedicated claims and auto assist hotlines that offer 24/7 emergency assistance.
Optional benefits
Vehicle owners can also purchase add-ons, such as windscreen coverage, special perils and vehicle maintenance subject to additional charges. Here’s a list of the available add-ons for Etiqa motor takaful plans.
- Drive Less, Save More Insurance
This add-on gives you cash rebates of up to 30% a year for reduced mileage on the road. To be eligible for this benefit, policyholders must have the Drive Less Save More Insurance add-on on their Etiqa Motor Insurance plan.
2. Oto 360 Personal Accident Cover
With Oto 360 Personal Accident Cover, policyholders are covered for medical expenses, death or disability due to accidents. The coverage applies to both drivers and passengers.
3. Windscreen Coverage
Worried about losing your No Claim Discount (NCD) benefits when you submit claims for windscreen cracks and breaks? Well, the windscreen coverage add-on by Etiqa protects your hard-earned NCD like a newborn baby.
4. Cash Relief
- Child Car Seat – Get reimbursements of up to RM500 to repair or replace your child car seat(s) damaged due to an accident, flood, fire or theft of your car.
- Agreed Value – Pays the insured/covered amount agreed upon signing up for the policy.
- Smart Key Replacement – Get cash of up to RM3,000 to replace your lost, stolen, or damaged car smart key.
- Cash Assistance – Cash in addition to claims payout should you get into an accident.
- Compensation for Loss of Use (CLU) & Assessed Repair Time (CART) – Get compensation when your car is held up in the workshop for accident repairs, with a maximum cash payout of RM200 per day for CLU and CART.
5. Damaged caused by weather and riots
- Extreme Weather – Protection against loss or damage to your vehicle due to convulsions of nature such as floods, thunderstorms, landslides, earthquakes and more.
- Riots – Coverage against loss or damage to your car during strikes, riots, and civil commotions.
6. Vehicle maintenance
- New Spare Parts – If your car is above five years old, you can replace accident-damaged parts with new spare parts at no additional charge.
- Car Repaint – If your car is below ten years old, you can have the whole car repainted using this add-on coverage from Etiqa.
Takaful Malaysia
Takaful Malaysia’s myClick Motor offers comprehensive coverage for cars in the event of losses or damages due to accident, fire or theft as well as liability to a third party.
Takaful Malaysia is one of the pioneers of Sharia-compliant insurance products in Malaysia. It’s car policies stand out from other brands in the market due to the following reasons:
- 6 Months Repair Warranty
- Cash Back For No Claims
- Instant 10% Discount
- 0% Interest Instalment Plan
- Unlimited number of breakdown towing up to 50km
Tele Bantuan
Comprehensive Private Motor Takaful policyholders are also eligible for a 24/7 emergency car assistance program called Tele Bantuan by Takaful Malaysia.
- Breakdown
- Towing service
- Battery assistance
- Minor repairs
- Jumpstart support
- Delivery of fuel
Add-on coverage
On top of that, they can also purchase the following add-on benefits to maximize coverage against mishaps.
- Motor PA Plus
- Inclusion of Special Perils
- Towing and Cleaning due to Water Damage
- Compensation for Assessed Repair Time (CART)
- Key Replacement
- Legal Liability to Passengers
- Legal Liability of Passengers
- Strike, Riot & Civil Commotion
Takaful Ikhlas
Takaful Ikhlas’ IKHLAS Private Car Comprehensive Plus Takaful is a comprehensive policy that covers policyholders from liabilities to third parties and damage to their vehicles during accidents. In addition to the standard coverage, the plan also offers some additional benefits.
Here’s what policyholders get from the comprehensive plus takaful plan:
- Third-party bodily injury and death
- Third-party property loss or damage
- Loss or damage to your vehicle due to accidental fire or theft
- Loss or damage to your vehicle due to an accident
- Waiver of Compulsory Excess for Unnamed Driver (non-tariff)
- Complimentary Personal Accident cover for Participant (non-tariff)
- Transportation Fee Reimbursement (non-tariff)
Complimentary Road Assist Service
This plan also includes complimentary 24-hour roadside assistance services known as Bantuan IKHLAS. Under this service, policyholders can enjoy various benefits, all of which are detailed below. The coverage of Bantuan IKHLAS service is applicable in Malaysia, Singapore, Southern Thailand and Brunei within a 25km radius of the Malaysian border.
- Accident and Breakdown Towing Services
- Accident
FREE 24-hour towing to the nearest police station to report the accident, then to an authorised panel workshop within 100km of the accident site.
- Breakdown
FREE 24-hour towing to policyholders’ preferred workshop within 100km of the breakdown site.
2. Roadside Assistance
The Bantuan IKHLAS roadside assistance programme covers the following incidents subject to a maximum limit of RM300.
- Jump-start and Battery Replacement Services
- Changing of Flat Tyre Services
- Petrol Assistance Services
*Note: Expenses arising from these services, such as the cost of changing the battery, tyres or refuelling, must be borne by policyholders.
3. Locksmith Services
Takaful Ikhlas provides locksmith services under Bantuan IKHLAS for Comprehensive Plus Takaful clients. If you’re locked out of your car, a free locksmith will be arranged to unlock the car.
Free towing to the nearest panel or preferred workshop will be arranged if the car cannot be unlocked, subject to a maximum limit of RM300 per occurrence (round-trip).
Optional benefits
Apart from all benefits stated above, vehicle owners can, for an additional premium, purchase the following add-ons to be included in their policy:
- Passenger liability cover
- Vehicle accessories cover
- Strike, riot and civil commotion
- Waiver of Betterment (non-tariff)
- Private Hire Car Endorsement (non-tariff)
- Special perils coverage – Full coverage up to 100% of the sum covered or Limited coverage up to 25% of the sum covered
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Visit Bjak today to get your free insurance quote!
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