For high net worth vehicles like Mercedes, BMW, Audi, Range Rover, Land Cruiser etc Takaful (insurance) rates shall be determined on case to case basis.
b)Installation of vehicle tracking device is mandatory for all vehicles.
Tracker Installation charges Rs.15,000/- (One Time)
Rate to be linked with KIBOR spread 6 months K+4% & 4.5% for salaried New & Used.
Rate to be linked with KIBOR spread 6 months K+5% & 5.5% for business New & Used.