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 covers?
In the event death and TPD, it covers the outstanding
amount, Scope of TPD is limited to ‘own’ or ‘similar’ occupation
only, which makes our TPD benefit one of the most
attractive ones in the market.
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Why
IKHLAS Mortgage Takaful?
• Pre TPD – financing installments 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 Expense (FE) – payable to
the next of kin upon satisfactory proof of death.
FE schedule
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| Initial Sum Covered
(RM) |
FE (RM) |
<56,000
|
500
|
>=
56,000
|
1,000
|
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|
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|
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