Noor Machinery Breakdown Takaful - Noor Takaful Insurance Ltd

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Noor Machinery Breakdown Takaful

What is this product about?

The product is designed to provide cover against unforeseen and sudden physical loss or damage to the machinery by any cause subject to excepted risks.

What are the covers/benefits provided?

The policy covers unforeseen and sudden accidental physical damage to participant machinery, plant and equipment

while at work / rest

whilst being dismantled or removed or re-erected, within the same premises

It also covers loss or damage due to faulty operation, adjustment, casting, vibration, entry of foreign objects, loosening of parts, self-heating, and centrifugal force

The duration of cover is one year. You need to renew your takaful policy annually.

Contribution Rate - 0.45%