Introduction

This plan provides the ultimate protection to the participant on the amount financed by a financial institution. It provides a reducing sum covered, payable on the death or a Total Permanent Disablement (TPD) of the participant prior to the settlement of the financing.

What does IKHLAS Mortgage Takaful cover?

Upon the death/TPD of the participant, the Reduced Sum Covered is payable to the Grantee. In additional accumulated amount in PRIA account also payable to the beneficiary.

Type of MRTT

1) MRTT

• The total permanent disablement can be based on “Any occupation”.
• Funeral expenses benefit :


• RM 400 for Initial Sum Covered of less than RM 56,000
• RM1,000 for the Initial Sum Covered of RM56,000 and more.

2) MRTT PLUS

• The total permanent disablement can be based on “Own occupation”.
• Funeral expenses benefit :


• RM 500 for Initial Sum Covered of less than RM 56,000
• RM1,000 for the Initial Sum Covered of RM56,000 and above

Why IKHLAS Mortgage Takaful?

• Pre TPD – financing instalments for the first 6 months of TPD’s elimination period.


• Extended Coverage – the maximum issue age is 65 years old (subject to underwriting requirement).


• Funeral Expenses (FE) – payable to the next of kin upon satisfactory proof of death.

Maturity Benefit
Upon maturity of the certificate, participant will receive the accumulated amount in the Personal Risk Investment Account (PRIA).

Age and issue limits