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.

Ciri-ciri produk:

1. Organisasi yang layak menyertai pelan ini termasuklah organisasi Jabatan kerajaan, Badan berkanun, Syarikat Swasta, Persatuan, Pertubuhan, Badan kebajikan, Koperasi, Kelab Sukan, Qariah Masjid dan lain-lain.

2. Perlindungan dan manfaat takaful bagi kematian di atas semua sebab adalah:

Syarikat Takaful (the Company) is pleased to further announce and declare Mudharabah profit of fifteen percent (15%) of the adjusted net contribution to holders/participants holding General Takaful Certificates that have expired on or after 1 July 2008 to 31 July 2008 provided that there are no claims made against the Takaful Certificates and that all payments of the contributions had been fully paid.

As the essence of insurance could be seen in the system of mutual help in relation to the custom of blood money under the Arab tribal custom, Muslim jurists generally accepted that the concept of insurance does not contradict with the Shariah.

In fact, the principle of compensation and group responsibility was accepted by Islam and the Holy Prophet. Muslim jurists acknowledged that the basis of shared responsibility in the system of `aqila', as practiced between Muslims of Mecca (muhajirin) and Medina (ansar) laid the foundation of mutual insurance.

Takaful in Arabic, means joint guarantee. Thus it can be visualised as a pact among a group of members or participants who agree to jointly guarantee among themselves against loss or damage that may inflict upon any of them as defined in the pact. Should any member or participant suffer a catastrophe or disaster he would receive a certain sum of money or financial benefit from a fund, as also defined in the pact, to help him meet the loss or damage.

In other words, the basic objective of takaful is to pay for a defined loss from a defined fund. Each member of the group pools effort to support the needy. It means mutual help among the group.

As an insurance system, we are to confine the operation of takaful within the `Tijari' (commercial) sector or popularly known as the private sector. Thus the transactional aspect of the commercial activitiy of Takaful must be subject to the Islamic contractual laws in order to ensure its compliance with the Shariah. Within this fundamental framework the contract of `tijari' takaful is therefore based on the Islamic commercial profit-sharing principle of al-Mudharabah.