This is 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”) due to all causes, death or TPD due to accident and death due to dengue or any insect/snake bites. This plan also provides hospitalisation benefit in the event that participant hospitalised due to accident.
You can choose from 3 coverage plans available depending on your affordability and future financial needs of your family.
In the event of death or TPD, we will pay the amount stated in the Schedule of Benefits based on your cause of death and your chosen plan. For example, you participate in Plan 1 and if you die due to illness, we will only pay RM50,000 under death or TPD due to all causes. However, if you die/suffer TPD due to accident or die due to insect/snake bites, we will pay additional RM150,000 to your loved ones.
The Hospitalisation Benefit will provide you with daily income based on the plan that you choose in the event that you are hospitalised due to accident more than 6 consecutive hours. You can claim up to 100 days of hospitalisation per year and up to 365 days of hospitalisation during the certificate term.
Sorry, you are not allowed to change the sum covered of certificate.
- Wakalah Fee: The Wakalah Fee is a fixed deduction of RM60 per annum per certificate, plus 20% of the net contribution in the first certificate year and 5% thereafter. For example, if you pay RM40 per month, the monthly wakalah fee for the first certificate year will be RM12 (RM5 fixed deduction plus RM7 as percentage of net contribution). From 2nd year onwards, the monthly wakalah fee will be RM 6.75 (RM5 fixed deduction plus RM1.75 as percentage of net contribution).
- Tabarru: The tabarru’ amount is the contribution amount less Wakalah Fee. The tabarru’ amount will be allocated into PRF.
Sorry, you are not allowed to change the plan type.
The certificate term will be determined based on your age at entry.
You are required to pay your contribution for the entire certificate term of this plan.
This is a level contribution plan throughout the term of certificate. However, we have the right to revise the contribution amount by giving you a 90 days written notice in advance.
Please refer Product Disclosure Sheet available to be downloaded in the website for information on the exclusions applicable to the benefits under this certificate.