Commercial Vehicle Takaful

The WAQF FUND will indemnify the participant against the loss of or damage to the vehicle and its accessories.

Commercial Vehicle Takaful Covers:

Accidental external means

Fire external explosion self-ignition or lightning or frost

Riot and Strike

Malicious act

Flood, hail, wind, hurricane, cyclone, tornado or typhoon

Earthquake volcanic eruption or other convulsion of nature

Whilst in transit by air road rail inland waterway lift or elevator

In the event of vehicle being disabled by reason of loss or damage covered under the PMD the EFU WTO on behalf of waqf fund will arrange & pay the cost of protection and removal to the nearest repairers and of re delivery to the participant but not exceeding Rs 500 in respect of any one accident.

CV-4 clause is applicable on commercial vehicles. Terms and conditions apply.

Liability to Third Parties:

The WAQF FUND will indemnify the participant in the event of accident caused by or arising out of the use of the Motor vehicle against all sums including the claimant’s costs and expenses which the participant shall become legally liable to pay in respect of:

The EFU WTO will arrange to pay all costs and expenses incurred with its written consent. Limit applies