Private Car Comprehensive Takaful (DRAFT)

MOTOR TAKAFUL COVERAGE

The Participant shall be indemnified against loss of or damage to the Motor Car and / or its accessories whilst thereon by;

1. accident external means
2. fire external explosion self-ignition or lightning or frost
3. burglary house-breaking or theft
4. malicious act
5. riot, strike
6. flood, hail, wind, hurricane, cyclone, tornado or typhoon
7. earthquake volcanic eruption or other convulsion of nature and
8. whilst in transit by air, road, rail, inland waterway lift or elevator

No payment will be due in respect of;

• consequential loss, deprecation, wear and tear, mechanical or electrical break-down, failure or breakage and
• damage to tyres and battery, unless the motor car is damaged at the same time when the coverage is limited to 50 per cent of the cost of such replacement.

In the event of the Motor Car being disabled by reason of loss or damage covered under this Policy, the Participant shall be paid the reasonable cost of protection and removal to the nearest repairer(s) and of redelivery to the Participant but not exceeding Rs.500/- in all , in respect of any one accident.

The participant may authorize the repair of the Motor Car necessitated by damage for which coverage has been granted under this policy provided that:

1. the estimated cost of such repair does not exceed Rs.750/-
2. the company is furnished forthwith with a detailed estimate of the cost, and
3. the Participant shall give the Company every assistance to see that such repair is necessary and the charges are reasonable.

GENERAL EXCEPTIONS

No payment will be made in respect of:

1. any accident loss damage and/or liability caused sustained or incurred outside the Geographical Area as described in the schedule
2. any claim arising out of any contractual liability
3. any accident loss damage and / or liability caused sustained or incurred whilst any Motor Car in respect of or in connection with which cover is garneted under this policy is:
   (a) being used otherwise than in accordance with the limitation as to use as described in the schedule, or
   (b) being driven by every person other than a driver as described in the said schedule.
4. (a) any accident loss or damage to any property whatsoever or any loss or expense whatsoever resulting or arising, there from or any consequential loss
   (b) any liability of whatsoever nature directly or indirectly caused by or contributed to by or arising from ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. For the purposes of his exception combustion shall include any self-sustaining process of nuclear fission.
5. any accident loss damage or liability directly caused by or contributed to or arising from nuclear weapons material.
6. any accident loss damage and/or liability caused sustained or incurred after any variation in termination of the participant’s interest in the Motor Car.