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
2) MRTT PLUS
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
Funeral Expenses (FE) – payable to
the next of kin upon satisfactory proof of death.
Upon maturity of the certificate, participant will receive the accumulated amount in the Personal Risk Investment Account (PRIA).
Age and issue limits
||18 – 65 years old, age next birthday, male/female
||Minimum: RM 25,000 Sum Covered
Maximum: Subject to underwriting approval
|Maximum Expiry Age
|Maximum age for TPD coverage
||5 – 40 years (no deferment)
5 – 41 years (1 year deferment)
5 – 42 years (2 years of deferment)
5 – 43 years (3 years of deferment)