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