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Motor Cycle Comprehensive
Takaful

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Introduction

Our Motor Cycle Comprehensive Takaful provides a comprehensive cover for your ride that you can count on. The contribution rates offered promises to provide all the Takaful needs that your Motor Cycle requires.

FAQs

I. Loss in case of damage to vehicle by:

a. Accidental external means
b. Fire, external explosion, self-ignition, lightning and frost
c. Burglary, housebreaking and theft
d. Malicious act
e. Riot and strike damage
f. Flood, typhoon, hurricane & cyclone
g. Earthquake, volcanic eruption or other convulsion of nature
h. Risk while in transit by air, road, rail, inland waterway, lift or elevator.
i. Transport of motor cycle to nearest workshop in case it breaks down (Subject to Rs 100 limit)
j. In the event of motor cycle being disabled by reason of loss or damage:
• the participant may authorize repair of Motor Cycle necessitated by damage for which the liability of the company should not exceed Rs.200 for such repair.
• The company should be provided a detailed estimate of the costs incurred.

II. Third Party Liability on the participant in case of:


a. Death or bodily injury to a third party (except for the person employed by the participant)
b. Damage to property of a third party (except for the property held in trust or custody by the participant of a third party)
c. Indemnity to any person driving any on participant order/permission given that he is not entitled to indemnity under any other Participant Membership Document
d. Indemnity to the participant even when he is driving a vehicle not belonging to him and not hired by him under a hire purchase agreement
e. In case of death of a third party, the company will indemnify the deceased’s personal representatives in the terms of and subject to the limitations of the Participant Membership Document

  • An immediate notice to the company to be issued in case of a claim arising.
  • In case of theft of the participant vehicle, an immediate notice to the police is mandatory.
  • In case the participant loses his original excise duty and taxation papers, he should immediate inform the company within 48 hours.
  • Cancellation of Participant Membership Document by the company or the participant on a 7 days’ notice with return of contribution on pro rata basis.

Key Terms

Age Manufacturing year 2013 and above
Maximum Sum Covered/IEV Rs. 225,000/-
Vehicle Type Private
Contribution Rate For Honda - 11.25% of I.E.V | Others – 9% of IEV
Deductible 15% of IEV in case of Theft/Snatch

  • Consequential loss
  • Depreciation and wear and tear.
  • Mechanical and electrical breakdowns/failures.
  • Damage to tyres and battery unless the vehicle is damaged too at the same time (company liable to 50% of the cost of replacement in that case).
  • Loss arising from theft or criminal misappropriation or breach of trust by participant’s Driver or known person.
  • Any accident or injury caused/sustained outside the geographical area.
  • Claim arising out of any contractual liability.
  • Any loss occurring in case of the vehicle being driven by any person other than a driver as described in the schedule.
  • Any loss occurring from radiation, nuclear fuel or weapons.
  • Any loss occurring as a result of the participant driving under influence of intoxicating liquor or drugs.
  • Any loss occurring as a result of war, civil unrest.
  • Others- Please refer to the Participant Membership Document for complete set of exclusions.

Add-Ons: Amount (PKR)
Personal Accident Cover of Rs. 100,000/- for the Rider. FREE
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