IKHLAS SAVINGS TAKAFUL is an investment type plan
that participates in profit, which will be distributed
back to participants. This is an ideal plan which
comprises the elements of savings and returns on
investment with individual protection. This plan
is designed to optimize the returns on investment
to the participants.
What does IKHLAS Savings Takaful
This plan utilises two key elements that will together
meet or satisfy the obligation under the IKHLAS SAVINGS
Level Term Cover
IKHLAS SAVINGS TAKAFUL provides the following benefits:
Death and Total & Permanent Disability
This benefit provides protection against death and
total permanent disablement of the participant
prior to the certificate maturity. The Sum Covered
(SC) plus the accumulated amount in the Personal
Investment Account (PIA) are payable to the participant,
participant’s beneficiary(ies) or next of
Note: The above benefits exclude pre-existing conditions.
Upon maturity of the certificate, participant will receive the accumulated amount in the Personal Investment Account (PIA).
Flexible contribution amount depending on the entry
age and term of the certificate.
IKHLAS Saving Takaful?
Partial Cash Witdrawal
Partial cash withdrawals from the PIA are allowed
after the certificate has been inforced for a minimum
number of five (5) years. Only three (3) withdrawals
are allowed during the lifetime of the certificate.
Each withdrawal must satisfy a minimum gap period
of two (2) years between withdrawals. A transaction
fee of RM15.00 is chargeable from the PIA for each
Top-up contribution is allowed from the commencement
of the certificate. The amount of top-up shall
be subject to a minimum of RM50.00 per top-up.
This top-up amount shall be solely allocated to
the PIA which will earn profit.
Rider Attachment Option
Participant can opt for any rider product to be attached
to the basic certificate.
Better Investment Return
Age and issue limits
The Takaful IKHLAS Model allows the Company to optimise
investment returns to the participants (please
contact us for further info).
||30 days – 60 years old, age next birthday. (TPD cover is only available for participants below the age of 65 at entry.)
||Minimum - RM10,000 SC
Maximum - Subject to underwriting decision
||Upon participant attaining 75 years old, age next birthday
||5 - 57 years