Sum Insured is the maximum amount of money you will be able to claim from your insurer. In other word, the sum Insured should equal to the amount of money to replace your vehicle or market value of your vehicle so you will not have to cover for the difference.
To note that Insurers have a minimum sum insured, as follows:
|
Insurer |
Minimum Sum Insured |
|
Takaful Ikhlas |
RM1,000 |
|
Takaful Malaysia |
RM500 |