Scope of Coverage

Purchase Protection Takaful Covering:

1. Burglary and Armed Hold-up
2. Accidental Damage caused by Road Traffic Accident only
3. Electrical and/or Mechanical breakdown
4. Short Circuiting and Voltage Fluctuation
5. Fire, Earthquake, Flood
6. Riot, Strike and Malicious Damage
7. Terrorism

Conditions:

1. Cover for each order shall be on first loss basis
2. Responsibilities to compile and relay Key Risk Information (KRI) as below shall rest with the Affinity Partner:
   • Order # / Invoice ID
   • Order Description (Items/IMEI Number/Serial Number)
   • Make/Model (If any)
   • Name of Participant (Online Buyer/Customer)
   • CNIC#
   • Mobile # of Customer
   • Address
   • Date and Time of Sale
3. Non-cancellable takaful cover once subscribed, except in case of non-delivery
4. Claims to be notified within 24 hours from the time of Accident by the customers
5. For Road Traffic Accident/Burglary/Armed Hold-up, Riot Strike and Malicious Damage exceeding PKR 5,000/- to be duly supported with FIR from Police; for losses under PKR 5,000/- Roznamcha from Police will be acceptable
6. Claims Payable in Pakistan and in Pak Rupees
7. Performance of the Affinity Program will be monitored on monthly basis
8. Contribution to be collected by Affinity Partner and deposited to Takaful Pakistan Limited’s Account on Monthly basis
9. In-case of any request for benefits, loss will be settled on the depreciated sum covered or the market value of the item at the time of loss, whichever is lesser
10. Takaful Pakistan reserves the right to settle benefits either on cash settlement or through redeemable vouchers which can be redeemed through purchase of products from Affinity Partner or any other designated vendor
11. Scheme cancellation: 7 days’ notice either side – however, already issued coverage shall not be prejudiced

Excluded Commodities/Consignments:

Cover to exclude animals, bullion, currency, bearer from negotiable instruments, precious metals and stones, firearms, parts thereof and ammunition, pornography and illegal narcotics/drugs, liquor, commodities that have been classifies as hazardous material, electronic vouchers, perishable and/or grocery items, consumable products, dangerous goods prohibited or restricted articles by IATA (International Air Transport Association), ICAO (International Civil Aviation Organization), any applicable government department or other relevant organization.

Exclusions:

1. Mysterious and Unexplainable Disappearance
2. Unverifiable accidents
3. Pick pocketing
4. Wilful negligence
5. Theft from unattended vehicle
6. Data loss and software malfunction
7. Consequential loss and legal liability of all description
8. Design defects, perils ideally covered under warranty and manufacturers defects
9. War, Civil War
10. Nuclear, Chemical and Biological Risk exclusion