Noor Mortsave 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 plan is specially designed for persons who work on a tight budget but desire to make provision for a mortgage in the nearest future by saving towards his equity installments which may represent a certain percentage of the value of the mortgage.

What are the covers/benefits provided?

Death or Total Permanent Disablement Benefit (TPD)–

In the event of death or total permanent disablement (TPD) of Takaful Participant whichever that occurs earlier before the Takaful Certificate matures, a lump sum payment of the Sum Covered plus the amount accumulated in the PIA, inclusive of investment income from the PIA is payable to the Takaful Participant/ Nominee.

Upon Maturity

A lump sum payment of the amount accumulated in the PIA, inclusive of investment income from the PIA and distributable mortality surplus from the Participant Risk Fund is payable to the Takaful Participant.

Takaful Certificate Surrender

upon termination, benefit amount accumulated in the PIA, inclusive of investment income from the PIA, after deducting the administrative fee up is payable upon the surrender of the Takaful Certificate.