Malaysia Takaful Insurance

Write up your insurance profile
    Make a list of relevant information on yourself and your vehicle. Examples are the type of vehicle you drive, where you drive your vehicle, the names of other people who drive your vehicle, where you live, optional safety features your vehicle has and your driving record.
   
Shop around
    Get quotations from more than one agent. Even though motor insurance rates are tariff-rated, do a little homework first. Shop around and select your insurer carefully. Your insurer should offer both fair price and excellent service.
   
Ask questions
    Ask about possible premium reduction. By accepting a higher excess amount, certain insurer would be willing to reduce or waive the loading imposed, thus resulting in a lower premium.

    Ask about available discounts, such as for drivers with no at-fault accidents over a certain period of time, for good students, for non-smokers and for safety devices installed in your vehicle.
   
Know your need
    Avoid optional forms of insurance coverage if you don't need them. For example, if you already have a good health insurance plan, you may want to decline optional coverage for medical payments.
   
Read your policy
    Yes! Even the fine print. Ask questions if you don't understand. Most people miss important issues addressed in their motor policy.

This plan provides comprehensive coverage for:
i)     Accidental loss or damage to your vehicle and the accessories and spare parts of your vehicle;
ii)     Liability for damage to other peoples’ vehicle and property caused by your vehicle;
iii)     Your (the driver) legal liability for death or bodily injury to third parties caused by your negligence; and
iv)     Personal accident benefits for you should you suffer bodily injury in connection with your motor vehicle or while mounting into or dismounting from or travelling in any private motor vehicle.

This plan also provides coverage for:
i)     Loss or damage to your vehicle caused by fire, external explosion, self-ignition or lightning;
ii)     Loss of your vehicle due to theft and/or damage after being stolen;
iii)     Claimant’s costs and expenses.

Other benefits and special perils that can be extended are:
i)     Caravan, luggage and boat trailers;
ii)     Strike, riot and civil commotion;
iii)     Flood, typhoon and other convulsion of nature;
iv)     Act of negligence of passengers; and
v)     Breakage of glass such as windscreen, window or sunroof.

Foreign Workers’ Compensation Scheme is an insurance scheme that protects the Insured’s foreign worker from accident, injury or disease arising from or in the course of employment with the Insured.

This scheme includes coverage for death, permanent total/partial disablement, temporary disablement, medical expenses, occupational diseases and repatriation expenses. The annual premium charged is RM72 (excludes service tax and stamp duty) per foreign worker as determined by the Ministry of Human Resources.