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Oyen Pet Takaful
- Age Coverage12 weeks to 10 years (renewal to 13 years)
- Outpatient & Inpatient Medical BillsUp to RM8,000
- HospitalisationUp to unlimited nights
- Co-Payment10% (RM100 deductible* for Takaful)
- Overview
Oyen offers pet insurance for cats and dogs. Cover your vet bills for inpatient and outpatient visits, for all vet clinics and hospitals in Malaysia. Claim for any illness or symptoms after the 30 days waiting period and outside of the exclusion list. Oyen offers a full digital experience from policy management to claims submission. *policy/certificate terms and condition apply.
- Applicable Shariah Compliance For Oyen Takaful
Applicable Shariah Complaince Details Takaful An arrangement based on mutual assistance under which takaful participants agree to contribute to a common fund providing for mutual financial benefits payable to the takaful participants or their beneficiaries on the occurrence of pre-agreed events. Wakalah Agency contract where the participant appoints the takaful operator to manage Takaful contributions by charging an agreed Wakalah Fee for their services. Tabarru' It is a contribution from the participants to the General Risk Investment Account (GRIA) which the participants agree to relinquish all or a portion of their contribution to pay the takaful benefits. Hibah A gift. In Takaful, contract of Hibah is also applicable in other transactions such as in surplus sharing. Ju'alah It is a commission (reward) for good performance in managing the General Risk Investment Account (GRIA) where the takaful operator shall be entitled to an incentive equal to 50% of any surplus sharing from the General Risk Investment Account (GRIA) after the end of each financial year. Qard An interest-free loan provided by the takaful operator in the event of a deficit in the General Risk Investment Account (GRIA).
- Coverage - Benefits
Coverage Basic Plan Plus Plan Champion Plan Veterinary Fees and Surgical Fees (subject to maximum limit per period of takaful) RM 3,500 RM 5,000 RM 8,000 Clinic Overnight Stay (Nights) 3 nights Unlimited Unlimited Post Surgical Treatments (Up To) 30 days 60 days 60 days
- How Much Contribution Do I Have To Make?
Cat Age Basic Plan Annual Basic Plan Monthly Plus Plan Annual Plus Plan Monthly Champion Plan Annual Champion Plan Monthly 12 weeks to 5 years RM 319 RM 28 RM 449 RM 39 RM 729 RM 64 6 years to 10 years RM 489 RM 43 RM 785 RM 69 RM 1,125 RM 99
- Fees and Charges
Criteria Details Wakalah Fees 43.5% of contribution of which: - Commission - 25% of contribution (for eg: if the monthly contribution is RM28, the commission amount will be RM7 (RM28 x 25%)) - Management Expenses - 18.5% of contribution. Stamp Duty RM 10 *Tax 6%