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Introduction

Credit Cardholders Takaful Plan provides protection and financial benefits to the credit card holder (therein referred as the participant). The financial benefits will be made to pay the outstanding credit card amount that the participant had with the financial institution or credit card issuer.

Under this plan, the takaful benefits will be paid upon death or permanent total disability due to accident or illness on which during the event, the outstanding amount is not fully paid by the participant.[/vc_column_text][/vc_column][/vc_row][vc_row full_height=”yes” nfw_row_full_width=”yes” el_class=”fam_box2″][vc_column][vc_row_inner el_class=”fam_box2″][vc_column_inner width=”1/2″][vc_column_text]

Objectives

  • Provides takaful coverage to Creditcard Holders.
  • Provides takaful benefits in the event of death or permanent total disability due to accident or illness.
  • Provides financial guarantee to credit card issuer and to reduce financial burden that may befall to the participant’s beneficiaries as the card credit outstanding balance will be settled.

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Eligibility

  • Participation must be made by an individual on his/her own name
  • Between 18 and 55 years of age
  • Healthy and not working or not involve in any dangerous activities

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Takaful Contribution

Minimum Takaful contribution is B$15.00 per year and based on the total credit limit set by the credit card issuer.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]

Scope of Cover

  • Death and Permanent Total Disability due to accident and illness.

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Sum Insured

  • Sum insured is equivalent to the credit limit set by the credit card issuer
  • The maximum sum insured for each participant is B$50,000.00 only

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Documents Required

  • Photocopy of I/C
  • Photocopy I/C of beneficiaries

[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_height=”yes” nfw_row_full_width=”yes” el_class=”fam_box4″][vc_column el_class=”headnospace”][nfw_headlines nfw_headline_title=”Profit Returns” nfw_headline_details=”Insurance Policy’s Profit Returns”][vc_row_inner css=”.vc_custom_1437722820300{padding-top: 20px !important;padding-bottom: 10px !important;}”][vc_column_inner el_class=”headnospace”][vc_custom_heading text=”Participants under this Plan shall receive Al-Mudharabah (Profit Return) from the surplus fund on condition that the Participants have not incurred any claims and/or not received any benefits under the certificate whilst it is in force.” font_container=”tag:h2|font_size:16|text_align:left” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20italic%3A600%3Aitalic”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”55px”][/vc_column][/vc_row]