Takaful is becoming a more popular choice amongst most Malaysians, even though Takaful is shariah compliant there are still non-muslims who follow the principles of helping one another in times of need to manage financial risks. This article explains the types of Takaful like Medical, Life & Motor and the main benefits of each plan.
Types of Takaful in Malaysia
| Takaful Type | Key Benefits | Suitable For |
| Medical Takaful | Covers hospital, surgical, and outpatient medical costs | Individuals, families, or anyone seeking additional health coverage |
| Life Takaful | Provides death, total permanent disability, or critical illness benefits | Individuals with family dependents or personal loans |
| Motor Takaful | Protects vehicles against accidents, theft, and third-party damage | Car owners who want Shariah-compliant vehicle protection |
Note: Each Takaful plan can be tailored to your budget and protection needs. Platforms like Bjak make buying and renewing motor Takaful easy online.
Tips for Choosing the Best Takaful Plan
- Identify your needs: Do you need coverage for health, life, or vehicles?
- Compare benefits & cost: Don’t just focus on premiums—make sure the benefits suit your needs.
- Check terms & duration: Understand coverage period, exclusions, and important clauses.
- Consider add-ons: Some motor Takaful plans offer VIP Rescue or additional coverage.
- Use online platforms: Bjak simplifies comparison and purchasing safely and quickly.
FAQ
Q1: Is Takaful the same as conventional insurance?
A:No, as Takaful does not keep profits but redistribute back to the participants.
Q2: Can I buy motor Takaful online?
A: Yes, platforms like Bjak allow you to purchase and renew Takaful digitally.
Q3: Does Medical Takaful cover critical illnesses?
A: Depends on the plan, whether the illness falls under the coverage category..
Conclusion
Choosing the right Takaful depends on your budget and needs. Understand that there are specific Takaful Coverage that cover specific bases from medical, life or motor Takaful. Compare the benefits that are offered to ensure your safety.
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