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
What does IKHLAS Group Islamic Cashline Takaful
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 :
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.
Upon maturity of the certificate, participant will receive the accumulated amount in the Personal Risk Investment Account (PRIA).
Age and issue limits
||18 – 60 years old, age next birthday, male/female
||Minimum: RM1, 000
Maximum: subject to underwriting approval
||Upon attaining age 65 years old, age next birthday
||Minimum: 1 year
Maximum: 5 years