Introduction

IKHLAS CRITICAL ILLNESS TAKAFUL RIDER is an Individual Level Takaful cover for protection purposes. This plan provides protection against any of the specified critical illnesses within the term of the plan.

What does IKHLAS Critical Illness Cover?

IKHLAS CRITICAL ILLNESS TAKAFUL RIDER provides protection and peace of mind for you and your family if you are diagnosed with critical illness.

The plan provides the following coverage:-

40 CRITICAL ILLNESSES
The rider provides payment of 100% of the Critical Illness Sum Covered (CISC) upon participant being diagnosed as suffering from any critical illnesses as defined in the plan.
This plan is available in two forms:

• Accelerated Plan
This rider provides a lump sum payment of the Critical Illness Sum Covered (CISC), which is advanced from the Basic Sum Covered, upon diagnosis. A claim made under this rider will reduce the sum covered of the Basic Plan.

• Additional Plan
The rider provides a lump sum payment of the CISC, upon diagnosis. The payment made under this rider will not reduce the Basic Sum Covered.

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

Why IKHLAS Critical IllnessTakaful Rider?

IKHLAS CRITICAL ILLNESS TAKAFUL RIDER is created to provide protection against financial loss should you be affected by any of the 40 critical illnesses. Upon diagnosis, the CISC is payable subject to the following conditions:
• The total and permanent disablement is based on “any occupation” definition.
• The disability benefit is payable after satisfying a qualifying period (waiting period) that such disability must last for a continuous period of not less than six (6) months in duration.
• Additional mortality and/or occupational loadings to be added as appropriate to the participant’s profile and TPD definition. Extra loadings shall be computed as a multiple factor to the minimum net rate. No discount whatsoever will be given as these are the minimum net rates.
• Pre-existing conditions are excluded from this benefit.

Note: Disease diagnosed within three (3) months from issue date of the plan or date of reinstatement, is not covered by this plan.

SUM COVERED
You can choose the amount of coverage up to the Basic Plan Coverage.

BETTER INVESTMENT RETURN
• The Takaful IKHLAS Model allows the Company to optimise investment returns to the participants (please contact us for further info).