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Consumer Zone


What is the terms and conditions for participating in Family Takaful plan?

It is important that you understand the terms used in Family Takaful plan. If you are unsure of the meanings on these terms, you should ask your agent or the operator. As the certificate is a legal contract, the purposes set forth in the certificate will apply the claim.
Some of the important terms are:
i)     Contribution - This is an installment of your contribution shall be paid to the operator. You can choose to pay contributions monthly, quarterly, half-yearly or yearly.
ii)     Grace period - You will be allowed a grace period of 30 days to pay installments Takaful contribution. If you die during the grace period, installments outstanding contribution shall be deducted from the amount of Takaful benefits you.
iii)     Maturity - You can choose any maturity appropriate for your needs. The range is from 10 years to 40 years

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