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
disabled, or diagnosed with a critical illness within
the plan period.
Why IKHLAS Family Income ?
Protect your future while enjoying better
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.
does IKHLAS Family Income cover ?
The plan gives you one of the following benefits:
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
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
Terms and Conditions
Upon TPD or diagnosis of any of the critical illnesses,
the amount covered will be paid according to the
The total and permanent disablement is based
on “any occupation” definition.
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.
are excluded from this benefit.
Upon maturity of the certificate, participant will receive the accumulated amount in the Personal Risk Investment Account (PRIA).
Age and Issue Limits
||18 years – 60 years old (age of next ;birthday), male or female and employed
||Minimum – RM1,200
annual income benefits
Maximum – Applicant’s actual annual income (at the time of joining) up to RM60,000 annual income, or income benefit such that the rider contribution is not more than the contribution of the Basic Plan, whichever is lower.
||Upon Participant attaining the age of 65 years old.
||Minimum – 5
Maximum – up to the term of the Basic Plan