BAYTU SURUR PLAN

(A HOUSE WITH PEACE)

Key Features

–Guaranteed payment of outstanding mortgage should death occur before the mortgage is fully repaid;

–In line with the Islamic concept of al-Mudharabah, the participant will be entitled to share profit or

 surplus of the Plan based on the actuarial valuation of the Takaful Fund;

 –Guarantor is free of any liability from your loan;

 –Peace of mind for the family with a house free of financial burden;

 –Tax relief on contributions;

 –A simple and transparent plan

•Eligibility

–Any individual who is aged between 18 and 55 years and has a mortgage loan.

•Mode of Payment

–The contribution for Takaful Mortgage Plan is payable as a lump sum.

•Takaful Contribution

–Depends on

•The amount of mortgage loan;

•Mortgage repayment period;

•Age next birthday and;

•Rate of profit on the loan

• 

•Payment of Benefits

–Benefits are paid on death or Permanent Total Disability of the participant