Salaam Takaful, formerly known as Takaful Pakistan, has launched a tech-based insurance product, signalling its readiness to embrace digital initiatives to grow its brand and market share.
Known as Pay-As-You-Drive (PAYD), the new solution tracks and records the vehicle’s mileage, enabling Takaful policyholders to pay based on their driving habits.
“With PAYD, enjoy all the benefits of comprehensive car Takaful without paying the whole contribution up front, only pay based on your used kilometers, and that too with a daily use capping. As in, you will never be charged extra even if you drive more than the stipulated kilometers,” explained the insurer.