Noor Group Mortgage Family 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 coverage to pay off the outstanding financing amount (outstanding Sum Covered) to any institution (Master Takaful Participant) in the event of death of the Person’s Covered (who is the recipient of the financing amount).

What are the covers/benefits provided?

Upon the death of the Person’s Covered, the outstanding Sum Covered is payable to the institution (master Takaful participant) where financing is arranged.

Expiration of the Certificate

Upon expiration of the Certificate, subject to no claim under the Certificate, the distributable mortality Surplus in the Group Family Takaful Fund (GFTF), if any, will be shared in the proportion of 80% to the participant and 20% to Noor Takaful based on the principle of Jualah.