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Motor Vehicle Sharia Insurance

Do you own multiple vehicles for your business? Potentially dangerous road conditions and poor infrastructure can cause damages to vehicles in day-to-day use. Car-jacking and theft are everyday risks that business owners such as yourself have to deal with. With these risks in mind, Sompo Insurance offers one policy protection for all the vehicles you own. Whether you own a vehicle to courier your goods or you own a car rental business, you can avoid future losses by transferring the risks to us. The best part is that this policy was specifically developed for those who follow Sharia principles.

Sharia insurance is a system where participants share the risks by donating (infaq) part or their entire contribution through the tabarru fund, which will be used to pay the claim in case an accident occurs to one or some of the participants. Sompo Insurance’s role in this case is that of a fiduciary company that manages and invests the funds collected from participants’ contributions. The insurer is responsible only for the operational management of the funds and not as the underwriter, as commonly found in conventional insurance.

Similar to conventional products, this Sharia-compliant insurance protects your company from any losses and damages caused by accidents, theft or crimes, according to your belief and values. With Sompo Insurance, you will have peace of mind knowing your company's vehicles are protected by one of the biggest, as well as most experienced and reputable insurers in Indonesia and the world.

 

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PRODUCT FEATURES & OPTIONS

Nationwide Workshops

Nationwide Workshops

Supported by more than 600 official partner workshops with guaranteed quality workmanship, expertise and spare parts supplies.

Emergency Road Assistance in Jabodetabek

Emergency Road Assistance in Jabodetabek

Includes emergency assistance if your insured vehicle breaks down due to battery failure, runs out of fuel, gets a flat tire, or if you get locked out.

Theft by Driver

Theft by Driver

Covers losses and/or damages to your vehicle due to theft and/or attempted theft by a driver who has been employed for 12 consecutive months.

Replacement Car

Replacement Car

A replacement vehicle will be provided if losses or damages are incurred to a new vehicle that is a maximum 1 month.

Transport Allowance

Transport Allowance

Includes transportation costs worth Rp 150,000/day if the vehicle needs to be repaired for more than seven days.

Medical Evacuation Coverage

Medical Evacuation Coverage

Includes medical evacuations by ambulance should an accident happen on the highway.

Personal Belongings Coverage

Personal Belongings Coverage

Includes compensation for the loss or damage of personal items caused by a car accident (maximum Rp 2 million per insurance coverage period).

Expandable Coverage

Expandable Coverage

Optional coverage to include risks of floods, earthquakes, tsunamis, volcanic eruptions, riots, terrorism and sabotage, third-party liability, and personal accidents.

MORE INFORMATION

Insurance Glossary

Insurance Glossary

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