BUSINESS FINANCING TERM TAKAFUL
BUSINESS FINANCING TERM TAKAFUL
Introduction
Business Financing Term Takaful is designed to cover your financing balance in the event of death or total permanent disability (TPD) due to any causes.
Features & Benefits
- Protection for the whole tenure of your financing term
- The protection is guaranteed no matter you are 24 hours a day
- High Non-Medical limit up to RM1,000,000
- In the event death or disability of the person cover, the sum covered settles your outstanding financing.
Type of Plans
- Basic Term Takaful Plan
Single contribution plan that provides takaful protection with level sum covered without the higher cash value upon maturity
- Reducing Term Takaful Plan
Cover an outstanding financing, while running the business should the unexpected happen
Frequently Asked Questions (FAQs)
- Am I eligible for Term Takaful Plan?
This coverage is available to individuals aged from 18 years to 65 years (age next birthday) only.
- Can I cancel my Certificate?
You and/or the participant may cancel the Certificate after the fifteen (15) days cooling off period (also known as the "free look period"), the participant is entitled to receive the cash surrender value (if any). The cancellation of the Certificate will be subject to the Certificate Owner's approval.
- How much contribution do I have to pay?
The total contribution that you have to pay and the terms and conditions relating to your Certificate may vary depending on underwriting requirements by the takaful operator.