Motorcycle Comprehensive

Motorcycle Comprehensive

We value every vehicle

Motorcycle Comprehensive Takaful

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

Motorcycle Comprehensive Takaful Covers:
Accidental external means
Fire external explosion self-ignition or lightning or frost
Burglary house-breaking or theft
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 Motorcycle 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.

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 Cycle against all sums including the claimant’s costs and expenses which the participant shall become legally liable to pay in respect of:

  • Death or bodily injury
  • Damage to property other than property belonging to the participant
The EFU WTO will arrange to pay all costs and expenses incurred with its written consent.

Exclusions

The EFU WTO shall not be liable under this PMD in respect of:

  • Any accident loss damage caused or incurred outside the geographical area.
  • Any claim arising out of contractual liability.
  • Damages caused if you are caught riding under the influence of alcohol
  • Loss or damages that are caused due to war and nuclear risk
  • Accidental Damages caused while you were using your motorcycle for illegal activities
  • Losses incurred while riding without valid license
  • Regular mechanical expenses due to consistent wear and tear.
  • Normal wear and tear and general ageing of the participant’s vehicle.

Value Added Services for Takaful

SMS Service for TAKAFUL

01

Renewal of policy

02

Claim intimation

03

Cheque realiztion
and non-realization

04

Appointment of
surveyor

05

Expiry of policy

06

Claim feedback

Calculate Contribution
Make your own PMD
Renew online

FAQs

Still got a question? Contact Us

What is Motor Takaful?

Motor Takaful can be purchased for cars, trucks, motorcycles and commercial vehicles. It is a financial agreement between an insured and insurer where insurer gives financial coverage to the insured in return of the premium paid annually.

What documents are required for obtaining an Takaful policy?

For buying an Takaful policy, you need to submit your card registration copy and NIC.

What shall be the process for renewal of the policy?

The renewal notice shall be sent to you one month prior to the expiry of the policy after which you may contact the relevant branch for renewal of the policy.

What can contribution be calulated?

By entering the vehicle make and model and sum insured the premium calculator will display the premium amount.

What is a cover note?

It is a temporary document given to the insured as a proof of Takaful which is valid for 07 days. In this duration the insured can make the payment and then this document is void and the policy is issued.

In whose name should the policy be taken?

The policy should be taken in the name of the registered owner of the vehicle.

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