Family Takaful Plans and Principles

A type of Takaful plan that combines protection and long-term savings. Participants contribute to a fund, a portion of which is used to provide mutual help in case of death or disability.

A group of individuals or organizations that pool their resources to provide mutual financial assistance in the event of death or disability.

These are the core principles that govern the structure and obligations of Takaful contracts. Examples include Permissible Interest, Utmost Good Faith, Indemnity, Subrogation, Contribution, Proximate Cause.

This occurs when the Takaful contract is terminated before its maturity date. If the participant has paid contributions, they might receive a surrender value, the amount that reflects their contributions and any accumulated earnings.

This refers to the participant's account that accumulates the contributions made towards the Takaful plan. This account is used for providing financial assistance to participants in need.

This refers to the participant's account that is dedicated to providing protection, particularly in the event of death or disability. This account is funded by a portion of the contributions.

This is a feature of some Takaful plans that allows participants to increase their financial protection by making additional contributions. These top-ups are allocated to the participant's special account and used for PA.

These are optional plans that can be added to the main Takaful plan to provide additional coverage for specific needs or situations. Examples include education, investment, mortgage, and rider protection plans.

This plan protects your family from financial burden if you die or become permanently disabled while paying your mortgage.

This benefit pays the remaining mortgage balance, ensuring the debt is settled on the home.

This benefit provides additional financial support for your family on top of the mortgage settlement, in the event of death or permanent disability.

This rider offers coverage for personal accidents, like hospitalization and disability.

Adding a rider to your Family Takaful plan provides additional benefits, like medical and health coverage.

When a plan is terminated early, you might receive less money back than you contributed. The surrender value might be lower than the total amount paid.

MRTT ensures that the mortgage is settled, even if the owner dies or suffers a permanent disability, guaranteeing security for the family.

MRTT is designed to protect the financial well-being of your family in case of death or disability, ensuring the continuation of your housing loan payments and the security of your home.

A type of insurance plan combining financial protection and investment features, providing coverage for a child's education expenses in case of death or disability of the parent.

A type of CEPT where a portion of the contributions is invested in fixed income securities like bonds, providing the potential for investment growth.

A type of CEPT that provides basic coverage for both the parent and child, including benefits like personal accident, disability, hospitalization, funeral expenses, and critical illnesses.

Benefits received upon maturity if the child survives, the payor dies before the plan matures, or if the child dies.

The amount contributed to the CEPT, which depends on the age and term of the certificate. Contributions are paid through the fund until maturity.

An additional benefit of CEPT, allowing the policyholder to make extra payments beyond the regular contributions. These top-up amounts are allocated to the protection part of the plan, earning potential profits.

Allows the policyholder to withdraw a portion of the accrued funds from the CEPT. However, this is typically subject to a minimum period requirement (e.g., 3 years).

A feature that allows all the contributions to continue to be paid, as if the payor was still alive, even if the payor dies or becomes totally permanently disabled.

A type of takaful plan that provides financial protection for a child's education expenses in case of the parent's death or disability