IKHLAS Mortgage Reducing Term Takaful

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IKHLAS Mortgage Reducing Term Takaful
What does this product provide?
 

Death/TPD benefit

 

Maturity/Surrender
- receive balance in the PRIA

TPD: Total and permanent disability
PIA: Personal Investment Account
Who is eligible to apply?
 

Home purchaser financed by LPPSA

How to apply?
 

Through LPPSA

Summary

In the event of death or total and permanent disability to the Person Covered, IKHLAS Mortgage Reducing Term Takaful will settle the outstanding amount of financing. When calamity strikes, this product will help to ease the burden of families that are left and the heirs do not have to bear the remaining debt or sell the mortgaged residence to settle any outstanding debts.

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