What IKHLAS Mobile Equipment Takaful cover?

IKHLAS COMPREHENSIVE PERILS TAKAFUL (for Mobile Equipment) covers loss or damage to the vehicles/equipment and its accessories and spare parts by :
a) accidental collision or overturning
b) fire
c) burglary or theft

EXCLUSIONS
a) vehicles licensed for road use
b) loss caused by mechanical defect, mechanical or electrical breakdown
c) loss of or damage to tyres unless vehicle is also damaged
d) loss of accessories and spare parts unless vehicle is stolen at the same time.
e) loss or damage to electrical wiring or machines caused or arising from over running self heating or leakage of electricity from whatever cause.

PROPERTY WHICH CAN BE COVERED UNDER AN EQUIPMENT TAKAFUL
All vehicles not licensed for road use e.g. tractors, excavators or forklifts. Age of vehicles should not exceed 5 years.

BASIS OF INDEMNITY
The sum covered can be arranged on a replacement value.

MINIMUM CONTRIBUTION
RM 100.00 per certificate