Takaful products are immensely popular in Malaysia, as most Muslim consumers opt for financial products free from elements of riba, gharar, and maysir. One of the go-to brands for motor takaful products that people can quickly think of is Takaful Ikhlas.
As a Shariah-compliant insurance company, Takaful Ikhlas car insurance is a top contender for motor takaful products. Its enhanced comprehensive insurance for cars is highly raved, and here’s a quick look at its coverage options and benefits offered to policyholders.
What is covered?
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
Major exclusions
IKHLAS Private Car Comprehensive Plus Takaful is a comprehensive policy that protects vehicle owners from various threats and mishaps. However, the plan has several major exclusions that do not cover the losses stated below:
- Your death or bodily injury due to a motor accident
- Your liability against claims from passengers in your vehicle
- Loss, damage or liability arising from an act of nature, i.e. flood, storm or landslide* (without special perils add-on)
- Consequential loss, depreciation, wear and tear, mechanical or electronic breakdowns.
A complete list of terms and conditions can be viewed on Takaful Ikhlas’ official website.
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!
Read more:
