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Alfalah Insurance Car a Vaan Motor PlanAlfalah Insurance Car a Vaan Motor Plan

Alfalah Insurance Car a Vaan Motor Plan

Alfalah Insurance Car-a-vaan Motor Plan is designed for the customers of Bank Alfalah to secure their private automobiles against numerous instances of loss. The customer has flexibility to choose from two variants depending on their need of coverage.

Bank Alfalah, in partnership with Alfalah Insurance Company Limited, offers the following two variants of the Alfalah Insurance Car a Vaan Motor Plan.

Features and Benefits

Option 1: Model of vehicle and sum insured limit Up to PKR 5 Million (Model Newer Than 5 years)
Option 2: Theft, Total Loss and Third Party Liability Up to PKR 1.50 Million (Model Older Than 5 Years)
Coverage in Option 1

Comprehensive Insurance

Section I – Loss or Damage

  • Accidental damage by external means.
  • Fire external explosion self-ignition or lightning or frost
  • Burglary, house-breaking or theft
  • Damage cause by malicious person
  • Riot, strike
  • Flood, hail, wind, hurricane, cyclone, tornado or typhoon
  • Earthquake, volcanic eruption or other convulsion of nature
  • Damage caused during transit by air, road, rail, inland waterway, lift or elevator
  • Terrorism

Section II – Liability to Third Party

  • Death or bodily injury to person but except so far as is necessary to meet the requirement of Section 95 of the Motor Vehicle Act. 1939, the Company shall not be liable where such death or injury arises out and in the course of the employment such person by the insured
  • Damage to property other than property belonging to the insured or held in trust by or in the custody or control of the insured
Coverage in Option 2 Theft, Total Loss and Third Party Liability.

  • Theft
  • Total Loss
  • Death or bodily injury to person but except so far as is necessary to meet the requirement of Section 95 of the Motor Vehicle Act. 1939, the Company shall not be liable where such death or injury arises out and in the course of the employment such person by the insured
  • Damage to property other than property belonging to the insured or held in trust by or in the custody or control of the insured

Payment Frequency

Below is a breakdown of the minimum premium contributions with in the age bracket that can be made:
Option 1: 2.75% Net (Of Sum Assured)
Option 2: 1.50% Net (Of Sum Assured)
You can choose any one of the plan types that best suits your requirement.
Note: For a better understanding in making your selection according to your insurance needs, you may contact representatives at your nearest Bank Alfalah Limited branch.

Eligibility

The plan is available to all Bank Alfalah Limited customers.

Term of Plan

Alfalah Insurance Car a Vaan Motor Plan is a yearly renewable car insurance plan. The policy term of this plan is 1 year.

Claims

At time of claims, the beneficiary needs to contact Alfalah Insurance Limited at (042) 111-234-222 and provide the required documents to Alfalah Insurance Company Limited at 5-Saint Mary Park, Gulberg III, Lahore.

FREE LOOK PERIOD

If you cancel your policy within a free look period of 14 days from the date of receipt of the Policy documents, you are entitled for a full refund of premium less any expenses incurred by Alfalah Insurance Company Limited in connection with your medical or clinical examinations.

Disclaimer

The product is underwritten by Alfalah Insurance Company Limited. It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.

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