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 Motor Takaful vs Etiqa, What's the difference?

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TSP0lyStati0n
post Nov 29 2018, 11:50 AM, updated 8y ago

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What's the difference between Motor Takaful & Etiqa?
Any advantages on either one of them?
Ekash
post Nov 29 2018, 11:33 PM

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QUOTE(P0lyStati0n @ Nov 29 2018, 11:50 AM)
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What's the difference between Motor Takaful & Etiqa?
Any advantages on either one of them?
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Etiqa is company name... Motor takaful is islamic insurance
gregy
post Nov 30 2018, 11:20 AM

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I assume the above screenshots are from Maybank. Motor Takaful is offered by Etiqa (sub of Maybank), an Islamic insurance product while the standard motor policy is like all other policies offered by other insurers. Technically no difference that I know about, but with Takaful you get a bit of year end profit sharing if you don't make a claim. I've been using Etiqa Takaful for my car since a few years ago and I've gotten some cash back over the years directly credited into my MBB savings acc.

Some other insurers like Zurich are also offering Takaful insurance.

 

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