Cara Pengiraan Insurance Kereta Takaful: A Step-By-Step Guide

Introduction

Buying a car is a huge financial commitment, and there’s a lot to consider in order to ensure you make the right decision. One of the most important aspects of owning a car is making sure that you are adequately covered with the right insurance policy. Insurance policies can be confusing, but with the right information, you can make sure you’re protected. In this guide, we’re going to look at car insurance takaful in Malaysia and how to work out the cost of a policy.

What is Car Insurance Takaful?

Car insurance takaful, also known as motor takaful, is a type of insurance policy designed to provide financial protection in the event of an accident, theft or damage to your car. This type of insurance is based on Islamic principles and is known as ‘takaful’, which is an Arabic term meaning ‘guarantee’. It is a form of mutual insurance, where the policyholder and the insurance company share the risk of a claim being made. The policyholder pays an agreed amount of money, known as a ‘contribution’, which is then used to pay for any claims made against the policy.

How is the Cost Calculated?

The cost of car insurance takaful is calculated based on a number of different factors. These include the type of car, its age and its value, as well as the age and driving experience of the policyholder. Other factors include the area where the car is kept, the estimated annual mileage and the type of cover that is required. All of these factors will be assessed by the insurance company and the premium will then be calculated based on the level of risk associated with each factor.

What are the Types of Cover Available?

There are two main types of car insurance takaful available in Malaysia. The first is a comprehensive policy, which covers the policyholder for all types of accidents, including fire, theft and damage. The second type of policy is a third-party policy, which only covers the policyholder in the event of an accident which is their fault. This type of policy is usually cheaper than a comprehensive policy, but it does not provide cover for any damage caused to the policyholder’s own car.

What Other Factors Can Affect the Cost?

There are a number of other factors that can affect the cost of car insurance takaful in Malaysia. These include the location where the car is kept, the security measures that are in place and the age and driving experience of the policyholder. The policyholder may also be eligible for discounts if they have a good driving record or no claims bonus.

Conclusion

Buying car insurance takaful can be a confusing process, but with the right information, you can make sure that you are adequately covered. The cost of a policy can be calculated based on a number of different factors, including the type of car, its age and its value, as well as the age and driving experience of the policyholder. There are two main types of cover available, and other factors such as location, security measures and the policyholder’s driving record can all affect the cost of the policy. Following the advice in this guide can help you to make sure that you find the right insurance policy for your needs.