AGL 23.81 Decreased By ▼ -0.54 (-2.22%)
AIRLINK 103.60 Increased By ▲ 0.60 (0.58%)
BOP 5.66 Decreased By ▼ -0.05 (-0.88%)
CNERGY 3.93 Decreased By ▼ -0.03 (-0.76%)
DCL 8.36 Decreased By ▼ -0.14 (-1.65%)
DFML 41.70 Decreased By ▼ -1.29 (-3%)
DGKC 88.30 Decreased By ▼ -0.60 (-0.67%)
FCCL 22.70 No Change ▼ 0.00 (0%)
FFBL 40.88 Increased By ▲ 2.68 (7.02%)
FFL 8.96 Decreased By ▼ -0.15 (-1.65%)
HUBC 160.49 Decreased By ▼ -3.21 (-1.96%)
HUMNL 11.46 Decreased By ▼ -0.34 (-2.88%)
KEL 4.82 Decreased By ▼ -0.03 (-0.62%)
KOSM 4.09 Decreased By ▼ -0.04 (-0.97%)
MLCF 38.60 Increased By ▲ 0.19 (0.49%)
NBP 53.60 Increased By ▲ 0.75 (1.42%)
OGDC 130.60 Decreased By ▼ -2.29 (-1.72%)
PAEL 25.36 Decreased By ▼ -0.29 (-1.13%)
PIBTL 6.25 Decreased By ▼ -0.13 (-2.04%)
PPL 118.90 Decreased By ▼ -0.60 (-0.5%)
PRL 23.95 Decreased By ▼ -0.65 (-2.64%)
PTC 12.92 Increased By ▲ 0.28 (2.22%)
SEARL 59.11 Decreased By ▼ -0.49 (-0.82%)
TELE 7.43 Decreased By ▼ -0.06 (-0.8%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 8.72 Decreased By ▼ -0.13 (-1.47%)
TREET 15.90 Increased By ▲ 0.10 (0.63%)
TRG 55.95 Decreased By ▼ -1.95 (-3.37%)
UNITY 34.95 Increased By ▲ 0.06 (0.17%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 8,536 Decreased By -8.5 (-0.1%)
BR30 27,187 Decreased By -204 (-0.74%)
KSE100 79,944 Decreased By -48.3 (-0.06%)
KSE30 25,500 Decreased By -43.9 (-0.17%)

TEXT: Another first by Salaam Takaful Limited, Pay-As-You-Drive is a telematics-based takaful coverage that tracks and records the vehicle’s mileage and contribution payment is done every month based on the number of recorded driven kilometers. If you're spending less time behind the wheel, then you are definitely paying too much for your car coverage. With Pay-As-You-Drive 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 price capping mechanism so you will never be charged extra even if you drive more than the stipulated kilometers.

Bundled with a lot of freebies through their Salaam App like free consultation with their inhouse doctors of Salaam Virtual Clinic, exclusive discounts at various labs, pharmacies and hospitals etc, this latest offering denotes their direction towards being the most technologically advanced loss protection providers in the country. Since 2018, the company has taken strong strides towards digitization of its processes and has been able to produce innovative customer centric solutions. Their initiatives have resulted in a stupendous growth and last year they posted an annual growth of 60% YOY in 2020 and further 37.5% in 2021, despite the pandemic situation in full swing in Pakistan.

Salaam Pay-As-You-Drive was launched in 2021, with the aim to achieve public policy goals, including fairness, affordability, road safety, consumer savings, and choice. The product developers are confident that this usage-based takaful model will allow many drivers to enjoy savings, convenience and hassle-free experience through a trusted platform.

Copyright Business Recorder, 2021

Comments

Comments are closed.