Introduction

IKHLAS TERM TAKAFUL RIDER is a Takaful Rider Plan, which can only be attached to a Basic Plan. This is an Individual Level Takaful cover with greater coverage and wider benefit scope. The plan provides protection against death and total disablement of the participant within the term of the certificate.

What does IKHLAS Term Takaful Rider Cover ?

DEATH BENEFIT
In the event of death of the participant within the term of the policy, the Term Rider Sum Covered (TRSC) plus the balance in the participant’s Personal Risk Investment Account (PRIA) will be payable, in one (1) lump sum, to the participant’s beneficiary or next of kin.

TOTAL AND PERMANENT DISABILITY
In the event of total and permanent disablement of the participant within the term of the policy, the TRSC plus the balance in the PRIA will be payable, in one (1) lump sum, to the participant.

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

Why IKHLAS Term Takaful Rider?

SUM COVERED
You can choose the amount of coverage up to five (5) times the Basic Plan Coverage.