3T Old Car Takaful


Older cars have history, and they come with little quirks that only you know about. So it's no surprise that old cars can have unique Takaful needs. With this in mind, Jubilee General Takaful has designed 3T-old car Takaful with the lowest premium rate of 1.25% net of insured estimated value.


I. Total Loss or Constructive Total Loss of vehicle:

a) Accidental external means
b) Fire, external explosion, self-ignition, lightning and frost
c) Riot, strike, malicious act, civil commotion and terrorism
d) Flood, hail, wind, hurricane, cyclone, tornado and typhoon damages
e) Earthquake, volcanic eruption or other convulsion of nature

*Constructive total loss is defined in the policy as when the actual cost of repairs exceeds 60% of the market value or the insured estimated value of the vehicle— whichever is lower

II. Loss of vehicle in case of Theft, burglary or snatching provided that:

a) The vehicle is used only for private and domestic use
b) The insured vehicle is older than 5 years at the time of Takaful from the manufacturing year
c) Basis of indemnity be the market value or the insured estimated value, whichever is less

III. Third Party Liability on the insured in case of:

a) Death or bodily injury to a third party (except for the person employed by the insured)
b) Damage to property of a third party (except for the property held in trust or custody by the insured of a third party)
c) Indemnity to any person driving any on insured order/permission given that he is not entitled to indemnity under any other policy
d) Benefit to the insured 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 policy


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

key terms:

Net Premium:                      1.25% on I.E.V.
Vehicle Age:                         Older than 5 years
Maximum Sum Insured:    1.75 Million
Vehicle Type:                        Private
Non-Filer Tax :                      A charge of 4% additional withholding tax on non-filers

Add-Ons:Amount (PKR)
Personal Accident to Paid Driver 500 /-
Personal Accident to Passengers (4 passengers excluding driver) 900 /-

Major exclusions:

  • Consequential loss
  • Depreciation and wear and tear
  • Mechanical and electrical breakdowns/failures
  • Loss arising from theft or criminal misappropriation or breach of trust by Insured’s Driver or known person
  • Theft of accessories
  • 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 insured driving under influence of intoxicating liquor or drugs
  • Any loss occurring as a result of war, civil unrest
  • Others- Please refer to the policy document for complete set of exclusions


Click Here to know more about 3T Old Car Takaful.

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