This is a pure protection critical illness takaful plan that gives you and your family financial protection in case misfortune happen to you. It provides coverage in the event that you are diagnosed with any one of 36 critical illnesses.
The sum covered depending on the plan that you choose as per following schedule:
| |
Plan 1 |
Plan 2 |
| Sum Covered |
RM50,000 |
RM100,000 |
Notes:
- The sum covered is payable from Participants Risk Fund
- Any claims payable for critical illness will terminate your certificate
You can choose from 2 coverage plans available depending on your affordability and future financial needs of your family. You may use our
Financial Calculator to estimate the protection amount that you need.
You will receive Critical Illness Benefit which you are entitled to receive the sum covered upon occurrence of critical illness.
In the event that you are diagnosed with one of 36 covered critical illnesses, we will pay the sum covered based on your chosen plan. For example, you participate in Plan 1 and if you are diagnosed with heart attack (or any other covered critical illness) during the coverage period, we will pay RM50,000 to you. Upon successful claim payment, your certificate will be terminated.
Individual who is aged 18 to 50 years old may participate in this plan. Age is defined as age next birthday.
You will be covered up to 55 years old. This plan is guaranteed yearly renewal so long you pay the annual contribution within grace period.
Your annual contribution will depends on your attained age (next birthday), gender and plan that you choose. The contribution will increase according to your attained age (next birthday) at certificate anniversary. Please refer to
Product Disclosure Sheet for the amount of contributions that you have to pay.
You are required to pay the annual contribution throughout the certificate term.
The details of the charges or fees are as follows:
- Wakalah Fee: RM60 fixed wakalah plus 40% of contribution after nett of fixed wakalah.
- Tabarru: Tabarru’ amount is the contribution amount less Wakalah Fee. The tabarru’ amount will be allocated into Participants' Risk Fund (PRF).
You only need to answer our health questionnaires without undergo any medical examination.
For specified illnesses (i.e heart attack, cancer, coronary artery by-pass surgery and other serious coronary artery disease) the coverage will only start 60 days from the commencement date. Whereas, critical illnesses other than specified illnesses shall commence 30 days from the commencement date.
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Wakalah
This plan applies wakalah (agency) concept, where all certificate holders appoint AmMetLife Takaful Berhad (AmMetLife Takaful) to act on behalf of them to invest and manage the Participant Risk Fund (PRF). AmMetLife Takaful is entitled to a wakalah fee for managing and investing the funds.
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Tabarru’
This plan applies tabarru’ concept, where all certificate holders agree to donate a specified portion from the contribution paid into the PRF for the purpose of mutual aid and assistance to all participants in times of misfortune.
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Qardh
An interest-free loan from AmMetLife Takaful in the event that the PRF is in deficit. The loan will be paid from the future surplus arising from the PRF.
Participants Risk Fund: PRF is made up of the tabarru’ which is a portion of your contributions, to assist you and the fellow participants in need, through the benefits they are entitled to i.e. we will pay your critical illness benefit from this fund.
Should there is any surplus arising from the PRF, it will be allocated back into the PRF.
Please refer to Product Disclosure Sheet which is available to be downloaded in the website for information on the exclusions applicable to the benefit under this plan.
Normally, it takes up to 14 working days from the date when the full documents are received.
In the event of critical illness, we will pay the benefits to you directly.
Any claims payout will be made to you or your nominees via e-payment within 3 to 5 working days upon approval of the claim.
Please refer to Critical Illness Claim in the Claims Process
here.