Old Car Comprehensive Takaful addresses the need of those old vehicle owners who wish to obtain complete set of coverage for their vehicle with the minimum rate of 2.025% net of covered estimated value.
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, hail, wind, hurricane, cyclone, tornado and typhoon damages
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 car to nearest workshop in case it breaks down (Subject to Rs 500 limit)
j ) In the event of motor car being disabled by reason of loss or damage:
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
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
a) The company will pay to the Participant medical expenses not exceeding Rs. 350 in case of an accidental bodily injury
Net Contribution: 2.025% on I.E.V.
Vehicle Age : Older than 5 years
Maximum Sum Covered : 2.75 Million
Vehicle Type: Private
| Add-Ons: | Amount (PKR) |
|---|---|
| Personal Accident to Paid Driver | 500 /- |
| Personal Accident to Passengers (4 passengers excluding driver) | 900 /- |
