Takaful Malaysia Car Insurance Near Me

Takaful Malaysia Car Insurance Near Me – Some may find it difficult to choose motor takaful in Malaysia as the products look the same at first glance. To help you find the best motor takaful, we will help you find the best motor takaful in Malaysia, especially for full personal car cover.

Before we get into the details of motor takaful in Malaysia, do you know the differences between takaful and conventional insurance?

Takaful Malaysia Car Insurance Near Me

In general, conventional insurance and takaful share the same objective of protecting policyholders and/or third parties in the event of accident, car and property damage, fire and theft after the policy.

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However, the main difference between takaful and conventional insurance is that takaful does not contain elements that are against Islam, including Riba (interest), Maisir (gambling) and Gharar (uncertainty). Another thing you should know is that takaful is not limited to Muslims; Non-Muslims can also purchase takaful. See our overview below for the differences between takaful and conventional insurance.

In this article, we will only compare motor takaful for full coverage. As you may know, this type of motor takaful offers the widest coverage compared to third party coverage, fire and theft and third party coverage, as we can see below.

According to the Malaysian Takaful Association (MTA), there are 4 main takaful operators in Malaysia which are Takaful Malaysia, Takaful Ikhlas, Zurich Takaful and Etiqa Takaful. In this post, we will compare the benefits offered by each motor takaful for full personal car cover. Let’s begin.

Its comprehensive policy is used with personal accident cover of RM15,000 for each driver and passenger in case of accidental death or permanent disability.

Takaful Malaysia Motor Insurance Wangsa Maju

This policy provides free takaful cover to all drivers. Normally, you will need to pay RM20 to enjoy this coverage.

With this coverage, anyone authorized to drive your vehicle will be automatically covered. You do not need to give names to the insurer.

However, please note that refunds are not guaranteed by Takaful Malaysia and may vary depending on future claims and investment performance of the Takaful Malaysia venture fund.

Through Tele Bantuan Takaful Malaysia offers 24/7 emergency assistance to its Comprehensive Private Motor Takaful participants. Its roadside assistance includes unlimited breakdown towing up to 50 km, jump start services, battery or tire change, emergency petrol delivery, small jobs and vehicle repairs with free labor cost up to 2 hours.

Comprehensive Car Insurance: Third Party, Liability, Fire & Theft

Like Takaful Malaysia, Takaful Ikhlas also offers free personal accident cover. While Takaful Malaysia offers RM15,000 for life for the participant and passengers, Takaful Ikhlas only covers up to RM10,000 per participant.

In case someone other than the designated driver drives your car, you will be forced to pay more than RM400 if your car has an accident.

Takaful Ikhlas also offers transport fee reimbursement of up to RM100 for using public transport when your car is repaired at the factory.

Takaful Ikhlas through Bantuan IKHLAS Road Assistors offers free roadside services including 24-hour accident and breakdown services, roadside assistance and locksmith services.

Takaful Private Car Driver & Passenger

Unlike Takaful Malaysia and Takaful Ikhlas, which offer free personal accident cover, Zurich Takaful charges a nominal fee for personal accident cover, this is as little as RM15 per year for cover up to RM175,000, subject to conditions and conditions.

Tiguri Takaful also allows you to extend coverage to an unlimited number of additional named drivers, free of charge.

In an accident, you can pay a better price, which is a fraction of the cost of new and original ones. However, with this better warranty coverage, you can replace the damaged parts with new and original ones for free.

In addition to any standard or mandatory allowance that may apply, you can choose a voluntary allowance to reduce your premium or contribution.

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You can choose from RM500 to RM5,000 for automatic claims payment to get a discount on your motor vehicle contribution. But make sure you can afford to pay the excess, which applies to all claims except third-party claims.

Like all other motorcycle takaful providers, Etiqa Takaful offers free coverage to all drivers. You don’t need to enter a driver name as all drivers are automatically covered by your authority.

For drivers over the age of 20, you do not need to pay an insurance compensation premium.

Etiqa Takaful allows you to use a car for free for 14 days. If you only rely on one car, especially for your daily transportation, this is useful for you.

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Like all other motorcycle takaful providers, Etiqa Takaful through Etiqa Claims Care also offers 24/7 emergency roadside assistance.

We share the key benefits offered by all four motor takaful providers in Malaysia which are Takaful Malaysia, Takaful Ikhlas, Zurich Takaful and Etiqa Takaful. Before buying motor takaful, make sure you first compare the benefits and rewards offered by the providers. Take a moment to review the product disclosure sheet and carefully formulate the plan.

To help you easily compare the benefits and premiums offered by motor takaful providers, simply use one of the largest insurance comparison sites in Malaysia. Visit and get your unsecured expenses and car insurance quotes today. Insurance contracts are designed to protect one party from financial loss. In this agreement, each insured person agrees to pay the premium and submit a claim within a certain predetermined period for this protection.

Although the specifics of the contracts vary depending on the type of coverage, they all have basic elements in common. They usually include general clauses and defined exceptions.

Takaful Vs Conventional Car Insurance

Takaful works much like conventional insurance, but still works according to Islamic principles. As such, Takaful does not exclude Muslims; persons of any faith can also avail their benefits.

They are a safety net against financial losses we all hope we never use. But when life throws us the ball, it’s good to know that our budget will help. For example, if someone is sick or injured and unable to work, medical insurance or Takaful will help you pay for their medical expenses. Likewise, if a business suffers a loss of its assets, lost revenue can help. The bottom line is: insurance and Takaful are an essential part of financial planning.

The element of uncertainty in the contract. The contract must be clear and unambiguous.

An element of comfort. In health insurance, it pays the premium that the insurer uses to claim and make a profit. The insured wins, whatever he claims.

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Production item. Health is the risk that they have an accident or their property is damaged, but insurance is the risk that they do not have an accident or their property is not damaged.

This is a much more convenient option for Muslims who wish to insure themselves in accordance with their religious beliefs.

If you have ever wondered, “Should I get conventional insurance or Takaful?”, then you are not alone. When it comes to insurance, there is no one-size-fits-all margin of error. Both conventional and Takaful insurance have their pros and cons, it all depends on what one wants.

When Takaful ends, everyone is equal. Whether you are Muslim, Christian, Buddhist, Hindu or Atheist, you can buy the plan and enjoy the same benefits. Takaful is not a religious product, but a product designed to protect anyone in the event of an unexpected event, regardless of faith. And we can all feel good about that.

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If you are looking for Shariah compliant and comprehensive fixed premium payment insurance, Takaful is the way to go. However, if you prefer a more comprehensive choice of insurers and a fixed commission, conventional insurance may be a better option for you. Whichever route you choose, be sure to do your research and find the best insurance policy for your needs. Ultimately, it all depends on what you’re looking for.

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To help you better understand motor takaful, this article looks at the definition, features and providers of motor takaful in Malaysia and answers some questions you may have about motor takaful.

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Takaful is an insurance concept that is Shariah compliant and does not contain elements prohibited in Islam. These elements are Riba’ (interest), Mejsir (gambling) and Gharar (uncertainty).

Moreover, takaful promotes the concept of cooperation between participants, including the takaful provider, to insure the other in case of loss. In particular, participants make voluntary contributions to general Takaful