As all Brunei Darussalam vehicle owners are aware, third party motor insurance coverage is mandatory for all motor vehicles driven in Brunei Darussalam under the Motor Vehicle Insurance (Third Party Risks) Act, Chapter 90 (MVITPRA).
While it is a requirement by law, it also serves as a layer of protection to road users against financial losses and compensation due to traffic related accidents.
Many road users and vehicle owners may opt to choose the cheapest motor takaful/insurance options available, however it is encouraged for everyone to understand the purpose of having motor vehicle takaful/insurance and how having more comprehensive coverage can be more worthwhile and provide several benefits.
Takaful Brunei Am Sdn Bhd (TBA) is a leader in Brunei Darussalam’s motor takaful market. TBA has nearly 30 years of experience in underwriting motor coverages, and provides the best comprehensive motor takaful packages available.
TBA’s comprehensive motor packages include their Classic Comprehensive, Executive Comprehensive and Prestige Comprehensive with all 3 packages providing coverage for loss or damage to your vehicle, legal liability for third party bodily injury and damage to third party property, key system replacement as well as towing services.
However, only the Executive Comprehensive and Prestige Comprehensive includes 100% Excess Buy Back. Excess Buy Back is the waiver of the excess amount incurred in the event of a claim. Meaning, TBA will respectively waive 100% of the excess amount incurred where the cost of repairs exceed the applicable excess specified in the schedule in the event of material damage claim being made under your comprehensive motor takaful certificate.
Both TBA’s Executive Comprehensive & Prestige Comprehensive also cover Breakage of Glass (Windscreen or Window), however Executive Comprehensive has a B$500 limit, while Prestige Comprehensive provides a full cover.
TBA’s Prestige Comprehensive coverages also includes flood and special perils, fallen objects, personal accident for passenger, legal liability to passenger, legal liability to passengers for acts of negligence, accessories coverage and No Claim Bonus (NCB) protection.
With the range of coverages provided, customers also have the luxury of a fully digital renewal process for their motor takaful through the Takaful Brunei Mobile app, which also comes with its own variety of customer benefits which includes, an exclusive 25% discount, earning Takaful Brunei Mobile’s MyReward Points while paying seamlessly online from anywhere at any time. Switching from your current motor insurance/takaful provider can also be done through the app.
Lastly, any customers participating in TBA’s motor takaful via Takaful Brunei Mobile from 1st to 31st December 2022 will be eligible to win B$500 as part of their Takaful Product of The Month promotion, while any TBA motor customers participating via Takaful Brunei Mobile or the TBA Call Centre at 224 4000 from 1st January 2022 to 31st December 2022 stand a chance to win a cash prize of up to B$15,000 as part of Takaful Brunei Mobile’s SANANG2 MANANG promotion.
Download and register onto Takaful Brunei Mobile today available on both Google Play and Appstore or visit www.takafulbrunei.com.bn for more information.
THE BRUNEIAN | BANDAR SERI BEGAWAN