Private Vehicle Comprehensive Takaful
Comprehensive coverage is a popular coverage that provides coverage from various sources of damage that can happen to your car. Our participant is protected against financial losses occurring due to accidental loss to vehicle, theft of car and third party liability claims.
Private Vehicle Comprehensive Takaful Covers:
Accidental external means
Whilst in transit by air, road, rail, inland waterway lift or elevator
Burglary house-breaking or theft
Flood, hail, wind, hurricane, cyclone, tornado or typhoon
Fire external explosion self-ignition or lightning or frost
Earthquake volcanic eruption or other convulsion of nature
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.
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 Car 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 driving 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 car for illegal activities.
- Losses incurred while driving without valid license.
- Regular mechanical expenses due to consistent wear and tear.
- Normal wear and tear and general ageing of the participant’s vehicle.