This is a Takaful family protection for both conventional housing loan, or Islamic home financing customers. By taking this up, you can be sure that your financing facility will be settled should your ability to service the loan is disrupted prematurely due to death or Total Permanent Disability (TPD).
This applies to any mortgage or Islamic home financing facility you may have or about to take from any financial institution, as it is fully Syariah compliant.
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Features & Benefits:
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The duration and sum assured should be consistent with the financed amount and duration of the approved housing loan/Islamic financing facility, in order to enjoy the full benefits of this product. |
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The sum assured payable will be based on the decreasing schedule excluding any defaulted payments. |
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The Takaful contribution is payable in a single payment and can be either fully or partially financed under the mortgage if taken from CIMB Bank Berhad.
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Cash Value - In the event of early settlement of the financing/loan, the customer has the option of surrendering the certificate to get the cash value. The cash value varies according to the unexpired financing/loan term at the time of settlement.
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Alternatively, you may continue the coverage after settling the outstanding financing/loan and have all benefits reverted to you.
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Individuals aged between 18 and 65 years old. Death coverage will terminate upon reaching the age of 70 and TPD coverage will cease when the individual reach the age of 65.
Current Account-i
