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You are here: Home > Group Takaful > IKHLAS   Group Islamic Cashline Takaful

Introduction

This group Takaful plan 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 (TPD).

What does IKHLAS Group Islamic Cashline Takaful cover?

It is a term Takaful plan for a group of participants of a financial institution (Grantee), with different types of contribution payment methods. Typical plan designs may include the following :

  • Single Contribution
  • Annual Contribution

This plan covers :-

  • Death Benefit – in the event of death of the participant within the term of the certificate, the Sum Covered (SC) plus the balance in the participant’s Personal Risk Investment Account (PRIA) will be payable, in one lump sum, to the Grantee.

  • TPD Benefit – in the event of TPD of the participant within the term of the certificate, the SC plus the balance in the PRIA will be payable in 1 lump sum, to the Grantee.

Upon death/TPD of the participant, the sum covered is payable to the grantee. In addition accumulated amount in PRIA account also payable.

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

Age and issue limits

Issue Ages : 18 60 years old, age next birthday, male/female
Issue Limits : Minimum: RM1, 000
Maximum: subject to underwriting approval
Expiry Age : Upon attaining age 65 years old, age next birthday
Coverage Terms : Minimum: 1 year
Maximum: 5 years
   
     

Takaful Solution Provider in Malaysia - auto insurance, auto takaful, car insurance, education plan, fire insurance, health insurance, home insurance, home takaful, hospitalization benefit, insurance, medical protection, motor, motor insurance, motor takaful, mrta, mrtt, personal accident, takaful, takaful provider, travel insurance, motor policy

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Takaful Solution Provider in Malaysia - auto insurance, auto takaful, car insurance, education plan, fire insurance, health insurance, home insurance, home takaful, hospitalization benefit, insurance, medical protection, motor, motor insurance, motor takaful, mrta, mrtt, personal accident, takaful, takaful provider, travel insurance, motor policy