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Open to Malaysians, Singaporeans, Bruneians and Permanent Residents in Malaysia. Foreigner applicant is allowed (Terms and conditions applied).
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Individuals who are at least 19 years of age and below 68 years (where the house is already constructed), below 67 years old (where the house takes 1 to 2 years to construct), and 66 years (where the house takes 3 years to construct).
MORTGAGE REDUCING TERM TAKAFUL
Takaful coverage for your mortgage financing
FEATURES AND BENEFITS
Receive the higher amount
Upon Death or TPD, receive the higher amount of either the Reducing Sum Covered (RSC) or the amount in the Participant’s Individual Account (PIA).
Receive a Compassionate Benefit
The beneficiary will receive a Compassionate Benefit of RM2,000 upon the participant's passing.
Maturity Benefit
Gain Maturity Benefits in the Participant's Individual Account (PIA) Value.
Minimum Sum Covered
Minimum of RM10,000 for the Sum Covered while the maximum amount is subject to financial underwriting.
HOW IT WORKS
This is for illustration purpose only. Illustrated at gross PIA returns 5.00% p.a.
The purpose of giving the compassionate benefit is to help the person covered's family member to manage the expenses that occurs during funeral.
Terms and conditions apply. This is a Takaful product underwritten by Great Eastern Takaful Berhad (201001032332 / 916257-H). OCBC Al-Amin Bank Berhad (200801017151 / 818444-T) is the distributor of this product. The above is for general information only. It is not a contract of Takaful. The precise terms and conditions of the plans are specified in the certificates. It does not constitute an offer to buy a Takaful product or service. It is also not intended to provide any Takaful or financial advice. You may wish to seek advice from your financial advisor before making any purchase. A person interested in the above plans should read the Product Brochure and Benefits Illustration (obtainable from the Bank) before deciding whether to buy this product. The above plans are underwritten by the abovementioned Takaful company. All claims and liabilities arising from the certificates should be made with the Takaful company.
Great Eastern Takaful Berhad is a member of Perbadanan Insurans Deposit Malaysia (PIDM). As a member of PIDM, some of the benefits covered under the takaful certificates offered by Great Eastern Takaful Berhad are protected against loss of part or all of takaful benefits by PIDM, in the unlikely event of the failure of the Takaful Operator. For further details of the protection limits and the scope of coverage, please obtain a PIDM information brochure from Great Eastern Takaful Berhad or visit PIDM website or call PIDM toll free line (1-800-88-1266).
or visit us at a branch.
FAQ
Who can apply?