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Group Mortgage Level Term Takaful

Takaful coverage for your home financing based on level coverage amount should unexpected events happen to you.

Benefits & Features

Death / Total and permanent disability (TPD1) benefit

In the event of the death/TPD of person covered, the higher of the following will be payable:

  • Sum covered; or
  • The value of participant’s account (if any)

Accidental Death2 / TPD1 benefit

An additional 10% of sum covered will be payable from participants’ tabarru’ fund if death/TPD occurs due to accidental causes.

Final Benefit

At the end of the takaful period, the value of the participant’s account (if any) less any outstanding indebtedness will be payable.

 
1 TPD coverage including accidental TPD will cease on the contract/certificate monthly anniversary immediately following the person covered’s 70th birthday and subject to maximum aggregate limit of RM8,000,000 per person.
2 The accidental death coverage will cease on the contract/certificate monthly anniversary immediately following the person covered’s 70th birthday and subject to maximum aggregate limit of RM5,000,000 per person
 

Note: Terms and conditions apply.

 

The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Takaful Berhad or PIDM (visit www.pidm.gov.my).

 

 
 

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