The acceptance of integrated modification model of auto takaful insurance in Malaysia
Auto Takaful is a motor vehicle insurance policy that provides protection to the riders in the event of accidents on the roads in accordance with Islamic law. According to Road Traffic Act 1988, the protection to the third party is compulsory. Currently, the number of vehicles on the road increase...
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| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/940/1/FH03-FESP-17-08934.pdf http://eprints.unisza.edu.my/940/ |
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| Summary: | Auto Takaful is a motor vehicle insurance policy that provides protection to the riders in the event of
accidents on the roads in accordance with Islamic law. According to Road Traffic Act 1988, the
protection to the third party is compulsory. Currently, the number of vehicles on the road increases
rapidly which is directly proportional to the risk of road accidents. In some cases, the accidents may
cause injuries and fatalities to both drivers as well as passengers. However, many vehicle users still
do not have protection upon themselves because insurance payments are expensive. Due to this
issue, this paper proposed a new modification model for vehicle users that combine Auto Takaful
with personal accident plan and determine the acceptances of vehicle users toward the integrated
modification model of Auto Takaful. The sample size for the cross-sectional study is 385 which
were calculated by using single proportion technique through simple random sampling in
Terengganu. Structural Equation Modelling (SEM) is used to test the hypothesis of this study by
using SPSS AMOS software. |
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