What IKHLAS Comprehensive Perils Plan covers?

IKHLAS COMPREHENSIVE PERILS TAKAFUL covers loss, damage or destruction to the property against any accident, fire, theft or other misfortune not specifically excluded.

Property such as office equipment, personal computers and electronic equipment on hire purchase or leased may be covered under this section.

EXCLUSIONS

a) Losses which are inevitable i.e. bound to happen whether there is a loss or not e.g. wear and tear, depreciation, vermin moth, scratching and denting
b) Losses in connection with any process of cleaning, dyeing, repairing.
c) Losses due to mechanical or electrical derangement.
d) Breakage of brittle articles, watches unless caused by fire or thieves.
e) Any consequential loss i.e. loss of use/income as a result of the property covered being damage
f) Documents of value - shares, bonds, money coins, stamps, antiques, work of art, sculpture, curios etc.

PROPERTY WHICH CAN BE COVERED UNDER AN ALL RISKS TAKAFUL

a) Office equipment, furniture, fixtures & fittings e.g. typewriters, fax machines, telex machines, air conditioners, table, chairs
b) Household good and personal effects
c) Mobile phones

NOTE:

Machinery & Equipment (other than office equipment in a commercial & industrial risk are to be covered under the IKHLAS Machinery and Equipment Takaful unless the Financial Institution insists in having an IKHLAS COMPREHENSIVE PERILS TAKAFUL.

We do not cover stock in trade under an IKHLAS COMPREHENSIVE PERILS TAKAFUL Policy. Participant has to take an IKHLAS Burglary Takaful and IKHLAS Fire Takaful or an IKHLAS COMPREHENSIVE PERILS TAKAFUL limited to fire & related perils and theft.