Introduction

IKHLAS EDUCATION TAKAFUL provides long-term assurance for your child’s future as it ensures his/her future as it ensures his/her education needs are realized.

What IKHLAS Education covers?

IKHLAS EDUCATION is an education plan designed for children aged 30 days to 12 years old.

IKHLAS EDUCATION provides the following benefits:

FLEXIBLE MATURITY AGE
You have the option to choose the maturity age of the Certificate i.e. when your child reaches between the ages of 18 and 23 years old.

PARTIAL CASH WITHDRAWAL
Up to three (3) times throughout the Certificate’s tenure of a maximum of 50% (3 combined withdrawals) from the Personal Investment Account, starting from the sixth year.

MATURITY BENEFIT
Upon maturity of the Certificate, your child will receive a lump sum from the investment income and accumulated amount from the Personal Investment Account and net surplus from Ta’awuni Account Pool from the Risk Fund.

CHILD’S DEATH BENEFITS
RM10,000 payable in the event of the child’s death, plus the total accumulated amount from the Personal Investment Account, net investment income and surplus from Ta’awuni Account Pool from the Risk Fund.

WAIVER OF CONTRIBUTION
In the event of the payor’s death or payor suffering from total permanent disablement (TPD) within the takaful period, all future child contributions will be paid through the fund until the maturity date.

CONTRIBUTION AMOUNT
Flexible contribution amount.

Why IKHLAS Education?

EXCELLENT ACHIEVER AWARDS
Your child will be awarded RM100 per distinction for scoring straight As in UPSR (minimum 5As), PMR (minimum 7As) or SPM/SPVM (minimum 7As).

TOP-UP CONTRIBUTION
You can top up your contribution when the Certificate reaches a minimum term of 1 year. Minimum top-up is RM50 which will be fully contributed into the Personal Investment Account.

BETTER INVESTMENT RETURN
• The Takaful IKHLAS Model allows the Company to optimize investment return to the participants. (Please contact us for further info)