Introduction

This is a group Takaful plan and is designed to provide coverage to pay off outstanding loan amount owing to any institution in the event of the participant’s death (who is the borrower) or if the participant becomes totally and permanently disabled.

What does IKHLAS Group Credit Term Takaful cover?

There are three types of coverage under this plan (for example, depending on the method used to calculate the outstanding Sum Cover) :
i) Level Cover
ii) Flat Rate Reducing Cover
iii) Compounded Rate Reducing Cover