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Hibah Takaful Proposal Flipbook PDF
Hibah Takaful Proposal
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Hibah Takaful Specially For
Syed Ashraf Ali
Hibah Takaful Benefits At A Glance
A LifeIkhtiar
Feature 1
:
Guaranteed Protection
Death or TPD In the event of Death or TPD due to Natural Causes, 100% of the Sum Assured will be payable and in the event of Death or TPD due to Accidental Causes 200% of the Sum Assured will be payable. Waiver Of Premium While contributing, if the Person Covered suffers TPD or diagnose with any of 44 Covered Critical Illness, all future premium shall be waived and you continue to enjoy full benefits of the plan.
Feature 2
:
Guaranteed Badal Hajj Benefit
Your family will receive RM 5,000 to arrange for Badal Hajj on your behalf should you pass away to fulfill the performance of an obligatory Hajj.
Feature 3
:
Guaranteed Maturity Benefit
You will receive 100% of your account value upon expiry/maturity of your certificate.
Feature 4
:
Guaranteed Shariah Compliant Solutions
Meeting your Shariah-compliant protection needs. Helps you to achieve your financial goals through Shariah compliant investments.
Hibah Takaful A LifeIkhtiar
Important Fact Sheet
What Is Conditional Hibah? The benefits of Hibah Takaful is that you can directly appoint anyone you want to receive the compensation money as a
beneficiary through a conditional hibah (gift) upon the event of your death. The option for a beneficiary via conditional hibah is a special appointment under the Islamic Financial Services Act 2013 (“IFSA 2013”), in order to ensure your heirs receive the takaful benefits without going through the process for property inheritance.
Can Conditional Hibah be revoked? You can also change your nominee designation at any time during the term of the certificate as long as you are still alive .You are free to name any individual, regardless of whether the individual is a family member or not, to receive the takaful benefits under conditional hibah..
Why Is Hibah Takaful Important? Hibah Takaful is the best way to ensure that your ‘departure’ does not complicate and burden them. With that, they can use the money that you have left to pay off all your debts and get on with life as usual.
What Is The Right Amount To Hibah? This is the most important component but rarely shared. Hibah Takaful has an essential function of providing a financial safety net in the event something unexpected happens to you, such as developing a critical illness, getting into an accident, incurring loss of property, or even death. So it is important that you determine the right amount of Hibah Takaful you need before purchasing any Hibah Takaful product. Below are 2 scenarios to serve as an easy and simple guide to determine the right amount of Hibah Takaful one should purchase; Scenario 1 ( Single) Salary : 5k Per Month (60k Annually) Financial Commitment (CreditCard,Personal Loan,Car Loan,Housing Loan) : Estimate 100k Hibah Takaful Amount : 10xAnnual Salary (600k)+Financial Commitment(100k) = 700k# Scenario 2 ( Married with a Child Age : 1) Monthly Household Commitment : 5k Per Month (60k Annually) Financial Commitment (CreditCard,Personal Loan,Car Loan,Housing Loan) : Estimate 500k Hibah Takaful Amount : Monthly Commitment Until Child Can Be Independent (ideally age 21) + Financial Commitment (60k x 20 ) = 1.2 Million + 500k = 1.7 Million#
Without the right amount your Hibah Takaful does not serve its objective and purpose#
Hibah Takaful A LifeIkhtiar
Premium Table
Ho Ming Loong I Affiliate RFP Email : [email protected] Mobile : +6019.225.8871