Car-a-vaan Motor Insurance 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 Car a Vaan Motor Insurance 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
Section II – Liability to Third Party
|Coverage in Option 2||Theft, Total Loss and Third Party Liability.
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.
For a better understanding in making your selection according to your insurance needs, you may contact representatives at your nearest Bank Alfalah Limited branch.
The plan is available to all Bank Alfalah Limited customers.
Term of Plan
Car a Vaan Motor Insurance Plan is a yearly renewable car insurance plan. The policy term of this plan is 1 year.
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.
The product is underwritten by Alfalah Insurance Company Limited. It is not guaranteed or insured by Bank Alfalah Limited or its affiliates.