Nurture Your Future |
Protect your children’s future with Takaful mySiswa, an alternative savings plan with Takaful protection. Takaful mySiswa allows you to decide on your child’s future. Whether it is for tertiary education or otherwise, it all begins with our flexible Takaful plans, at an affordable Contribution with both the savings and protection element. |
What are the benefits provided? |
Takaful mySiswa is designed to provide staggered annual educational payouts for your child’s tertiary education when your child is between 18-22 years old. However, you have the option to withdraw the savings in lump sum during that period. |
In the event of Death or Total and Permanent Disability (TPD) of Participant, the following takaful benefit will be payable: |
Coverage | Takaful Benefit |
Death/Total & Permanent Disability (TPD) | 250 x Monthly Contribution + Accumulated Savings |
Accidental Death | 200 x Monthly Contribution + Accumulated Savings |
Accidental Permanent Disability | Disability Factor x 250 x Monthly Contribution |
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In the event of Death or Total and Permanent Disability (TPD) of Payor, the following takaful benefit will be payable: |
Coverage | Takaful Benefit |
Death | Funeral Expense + Waiver of Contribution |
Total & Permanent Disability (TPD) | Waiver of Contribution |
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Savings Fund balance* will be on termination or maturity of the plan. |
* Savings Fund balance is not guaranteed and is based on the actual performance of the fund. |
Riders Attachable |
You can participate in one or more of the following riders to enhance the coverage under this plan: |
- Takaful Hospital Income Benefits Rider
- Takaful Level Term Rider
- Takaful Critical Illness Rider – Accelerated
- Takaful Critical Illness Rider – Additional
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Who is eligible to participate? |
If your children are between 30 days old to 18 years old, they are eligible to participate in Takaful mySiswa (subject to underwriting assessment). Your children will enjoy the benefits from this plan up to a maximum expiry age of 22. |
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