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
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.