Introduction

What is the most valuable asset you own today? Your car, house, jewelry? Yet we tend to forget – the most important asset is actually our income. Should we lose our source of income tomorrow, all the other assets will quickly become tougher to hold on to.

You can never tell what the future holds. That’s why a smart person will always plan ahead. It is indeed true that, normal life insurance takes care of future income loss in the event of death. But, what happens when you lose your earning power while you’re still alive? How long would you be able to manage without a fixed income?

With that in mind, we have come up with IKHLAS FAMILY INCOME TAKAFUL rider. It gives you and your family a safety net, in case you are totally and permanently disabled, or diagnosed with a critical illness within the plan period.

Why IKHLAS Family Income ?

Protect your future while enjoying better returns
Our IKHLAS Model allows a bigger portion of your account to be utilized for investment purposes, which gives you a more optimized rate of return. It also provides for more frequent allocation of investment income and surplus to the participant’s investment account. Immediate reinvestment of these investment income and surplus will in turn provide a better total return.

What does IKHLAS Family Income Cover ?

The plan gives you one of the following benefits:

Death Benefit
In the event of death arising from any of the causes covered under the plan, the income benefit amount covered will be paid to your nominated beneficiary or next of kin for the remainder of the certificate term.

Total Permanent Disability (TPD) Benefit
In the event of your TPD arising from any of the causes covered under the plan, the income benefit amount covered will be paid to you for the remainder of the certificate term.

Critical Illness Benefit
In the event that you are diagnosed of suffering from any of the critical illnesses covered under the plan, the income benefit amount covered will be paid to you for the remainder of the certificate term.

Terms and Conditions
Upon TPD or diagnosis of any of the critical illnesses, the amount covered will be paid according to the following conditions:

(a) The total and permanent disablement is based on “any occupation” definition.
(b) 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.
(c) Pre-existing conditions are excluded from this benefit.

Age and Issue Limits
Issue Ages: 18 years – 60 years old (age of next birthday), male or female and employed
Issue Limits: Minimum – RM1,200 annual income benefits Maximum – Applicant’s actual annual income (at the time of joining) up to RM 60,000 annual income, or income benefit such that the rider contribution is not more than the contribution of the Basic Plan, whichever is lower.
Expiry Age: Upon Participant attaining the age of 65 years old.
Coverage Terms: Minimum – 5 years
Maximum – up to the term of the Basic Plan