General Takaful - Product Summary

Product Summary Takaful Pelindung Takaful Pelindung is a Shariah Compliant yearly renewable Takaful Personal Accident Plan. The product offers protection for mishaps that happen to the client or his family caused by accident. The participant can be anyone from age of 18 – 65 and it’s renewable up to age 70. Benefit: Accidental Death & Permanent Disability – We will pay the sum covered specified in the benefit schedule in accordance with the scale of benefits if the Person Covered sustains accidental death or permanent disablement. Double Benefit - We will pay double of the principle sum covered if the Person Covered sustains accidental death, total paralysis or loss of 2 limbs in an accident while he/she travels in a public transport as a fare-paying passenger Medical Expenses – We will pay on reimbursement basis the actual medical & surgical expenses incurred up to the limit specified in the benefit schedule Weekly Benefit - Following an accident, if a doctor certifies that the Person covered is not fit to work for a temporary period, we will provide a weekly benefit as specified in the benefit schedule for the period not exceeding 104 weeks Compassionate Allowance - We will pay RM2, 000 for burial and cremation expenses in the event of accidental death Repatriation Expenses – We will pay on reimbursement basis the actual expenses incurred up to RM 5,000 to bring back the mortal remains of the Person Covered to his country of domicile (Malaysia) Increase in Sum Covered – On renewal, we shall increase the sum covered by an additional 5% per annum up to 8 years without any additional charges subject to no claim has been made under AD & PD Takaful Rumahku Takaful Rumahku is a Shariah Compliant yearly renewable product that provides coverage for both client’s home and its household contents. Covered perils: 1 – Fire and Lightning 2 – Aircraft damage 3 – Explosion 4 – Impact damage 5 – Overflowing of water tanks and pipes 6 – Windstorm and tempest 7 – Earthquake and volcanic eruption 8 – Flood 9 – Theft with violent and forcible entry or exit The Takaful Rumahku certificate can be obtained by anyone who is the legal owner of the property. The amount of contribution will depend on the classification of the occupation of the premises (ie: residential) and the construction of the building (ie: brickwork walls, non-combustible material for roof etc) Surplus Sharing At the end of each financial year, the participant is entitled to (a portion of) investment profit (70:30) and (100% of) underwriting surplus of the special fund (after deducting claims, retakaful and reserves), if any. The surplus will be allocated to the participant by providing a rebate when the participant renews his coverage for the plan. The basis of the rebate will be determined by the company in an equitable way If the surplus for a particular year is more than the participant’s renewal contribution, the excess rebate (on top of the renewal contribution), will be aggregated and donated to charitable organizations Should the participant choose not to renew his coverage, the participant agrees that the share of surplus be aggregated and donated to charitable organizations