Motor Takaful

Accidents are unforeseen; it could happen to anyone, irrespective of the person being at fault or not. Al Madina’s motor insurance protects individuals from such unforeseen losses and ensures that they have peace of mind while driving.   

Our Motor Takaful policies offer a wide range of cover, guided by the Unified Motor Insurance Policy that is issued by the Capital Market Authority.

As per regulations, vehicle owners are required to take a minimum of Third Party insurance coverage; accordingly, two types of Motor Insurance products are available:

1. Comprehensive Motor Insurance; and
2. Third Party Motor Insurance.

Comprehensive Motor Insurance

Coverage:

This covers Loss or Damage to the Motor Vehicle and its accessories/spare parts owing to the following:

• Accidental collision or overturning;
• Fire, external explosion, self-ignition or lightning, burglary and theft;
• Flood, storm and tempest;
• Malicious act;
• Whilst in transiting by road, etc.; and
• Liability to Third Party including death or bodily injury and damage to property.

Third Party Motor Insurance

Coverage:

This is the basic cover mandated by law, and the policy covers Liability to Third Party – both property and bodily injury.  It does not cover loss or damage to insured’s own vehicle or property, or any injuries or death to the insured or passengers in the vehicle.