Noor Credit Takaful Plan

What is this product about?

Important Notice

Participating In A Family Takaful Plan Is A Long Term Financial Commitment. You Must Choose The Type Of Plan That Best Suits Your Personal Needs. You Should Read And Understand The Takaful Certificate And Discuss With The Agent Or Contact Noor Takaful Directly For More Information.

This product provides protection on Death of the Participant (who is the recipient of the financing amount) on the outstanding financing amount financed by BANK XXX.

What are the covers/benefits provided?

Death

In the event of death of the Takaful Participant, the outstanding Sum Covered as at the date of occurrence of the event stated above as per the Takaful Certificate shall become payable to BANK XXX.

Expiration

Upon expiration of the Certificate, the distributable mortality surplus in the Participant Risk Fund (PRF), if any, will be shared in the proportion of 80% to the participant and 20% to Noor Takaful based on the principle of Jualah.