Introduction
This plan is a yearly renewable
plan offered to groups of people under one master
certificate :-
Advantages of Purchasing for
Employees or Members
To portray a caring image of the employer/association To boost employees/members morale and productivity To attract and retain employees/members To enjoy tax deduction To fulfill demand in labour negotiations
What does IKHLAS Group Term Takaful cover?
This plan offers following coverage:-
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.
Other Supplementary
Benefits
IKHLAS Group Hospital Benefit Takaful Rider
IKHLAS Group Critical Illness Takaful Rider
IKHLAS Group Permanent Partial Disablement Takaful Rider
IKHLAS Group Immediate Death Takaful Rider (for participant, Spouse and Child)
** As may be requested by the grantee
Eligibility
Subject to a minimum 10 live participation requirements.
Amounts above the non-medical limit (free cover
limit) require evidence of insurability before
coverage is effective. Takaful IKHLAS reserves
the rights to vary these requirements as and
Takaful IKHLAS reserves the
rights to extend this limit, subject to maximum
age of 64, as
and when applicable
Expiry Age: 65 years old
Takaful IKHLAS will
allow flexibility on a case to case basis subject
to underwriting and retakaful
limits
Information Required :-
1. Company Name
2. Nature of Business
3. Name/Staff ID
4. Date of Birth
5. Gender
6. Salary (if Sum Covered is based on multiples
of Last Drawn Salary)
7. Sum Covered (Fixed or Multiple of Salary)
8. Claims experience for the past 3 years
9. Existing coverage
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