Introduction

IKHLAS WAIVER OF CONTRIBUTION TAKAFUL RIDER is a Takaful Rider Plan, which can only be attached to a Basic Plan. This plan will waive all the future non-outstanding contributions due under certificate (including attaching riders, except Critical Illness rider) in the event that the participant is diagnosed of any one critical illness as specified in the contract.

What does IKHLAS Waiver of Contribution Takaful Rider Cover ?

IKHLAS WAIVER OF CONTRIBUTION TAKAFUL RIDER is a plan which allows for all future contribution (including attaching riders, except Critical Illness rider) to be waived upon participant being diagnosed as suffering from any 40 critical illnesses as defined in the contract.

Upon diagnosis, the benefit is payable subject to the following conditions:
• The total and permanent disablement is based on “own 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 that six (6) months in duration.
• The Company reserves the right to charge extra contributions in the event of unsatisfactory medical examinations’ findings in respect to the participant’s death.
• Pre-existing conditions are excluded from the benefit.

TERM AND AGE LIMIT
Issue Ages : 18 years to 60 years old, age next birthday, male/female.
Expiry Age : Upon attaining 65 years old, age next birthday.
Coverage Terms : Minimum - 5 years
Maximum - 47 years, subject to the term of the Basic Plan.

Why IKHLAS Waiver of Contribution Takaful Rider?

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