This is a pure protection term takaful plan that gives your family financial protection in case misfortune happen to you. It provides coverage against death or Total & Permanent Disability (“TPD”).
You can choose from 4 coverage plans available depending on your affordability and future financial needs of your family. You may use our Income Protection Analysis calculator
to estimate the protection amount that you need.
In the event of death or TPD, we will pay the sum covered based on your chosen plan. For example, you participate in Plan 1 and if you die during the coverage period, we will only pay RM50,000 to your loved ones stated in the nomination form.
Individual who is aged 18 to 55 years old may participate in this plan. Age is defined as age next birthday.
The plan will provide coverage for one (1) year. After the certificate expired, you may re-apply for a new one.
- Wakalah Fee: The Wakalah Fee is a combination of fixed amount of RM10, plus 30% of contribution after deducting the fixed amount.
- Tabarru: The tabarru’ amount is the contribution amount less Wakalah Fee. The tabarru’ amount will be allocated into PRF.
Unfortunately you are not allowed to change the plan type. However, you can apply a new plan after your certificate is expired.
You only need to answer our health questionnaires without undergo any medical examination.
Since this plan is a pure protection plan, no cash value will be paid to you upon surrender or maturity.
No, the certificate term is one year only.
You are required to pay the annual contribution during the certificate term.
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.
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.
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 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 death or TPD benefit from this fund.
Should there is any surplus arising from the PRF, it will be allocated back into the PRF.
Please refer Product Disclosure Sheet or Certificate Contract available to be downloaded in the website for information on the exclusions applicable to the benefits under this certificate.