Introduction

This plan is a yearly renewable plan offered to groups of people under one master certificate :-
• Employer Group
• Association Group
• Other groups formed for the purpose other than buying insurance

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 - 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 when applicable.

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

• Funeral Expense (FE) – payable to the next of kin upon satisfactory proof of death.