Group Mortgage Level Term Takaful Group Mortgage Level Term Takaful

Group Mortgage Level Term Takaful

☰ Menu

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)
Tools & Calculators

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.

 

1TPD 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.

2The 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).

Related documents

More to Explore

Tools & Calculators
Tools & Calculators

What is your current age and savings goal?

Investment calculator
5 Types of Insurance Policies / Takaful Plans in Malaysia You Should Know
5 Types of Insurance Policies / Takaful Plans in Malaysia You Should Know

In Malaysia's thriving economy, insurance and Takaful coverage stand as essential pillars of financial security.

Go to Article
Supporting Families Beyond Distribution: The Role of Structured Planning
Supporting Families Beyond Distribution: The Role of Structured Planning

For Muslim families, Faraid provides a foundational legal framework for inheritance distribution.

Go to Article