Family Takaful
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Protecting everyone, including you and your loved ones, is a mutual goal. Be adequately covered for a better future.
FAQs about Family Takaful
Family takaful differs from conventional insurance in the following ways:
- Family takaful is based on the principles of ‘mutual assistance and risk sharing’ among participants, while conventional insurance is based on the ‘risk transfer’ from the insured to the insurer.
- Family takaful complies with Shariah law, which prohibits elements such as gharar (uncertainty), riba (interest), and maisir (gambling), while conventional insurance does not have to follow these rules.
- Family takaful is open to anyone regardless of religious belief, while conventional insurance may have some restrictions based on faith or morality.
The Family Takaful Plan is not available for online application. You can only apply for this plan through a licensed takaful agent.
Or you may visit your nearest Alliance Bank Malaysia branches for more information about our Family Takaful Plan.
Visit your nearest Alliance Bank Malaysia branches for more information. Bring along your identification card (MyKad), our representatives will assist you.
The plans have fixed contributions, but you can choose one based on what you can comfortably afford.
If you cancel early, your coverage will stop immediately, and you might not get any refund from the contributions you have made.
Unfortunately, you cannot.
Yes, you can claim tax relief for contributions made towards medical benefit takaful.
Regrettably, transfers of the family takaful plan to others are not allowed.
Indeed, there are specific exclusions within the takaful coverage. To get detailed insights, kindly visit the nearest Alliance Bank Malaysia branches and consult with a relationship manager for more information.
For added coverage, consider applying for a distinct plan or securing an additional policy. It's best to speak with a licensed takaful agent to understand your options and determine if multiple Family Takaful policies are right for you.
Yes, you can name multiple beneficiaries in a Family Takaful policy. You can name up to 4 beneficiaries, and you can specify the percentage of the death benefit that each beneficiary will receive.
Yes, you can update your beneficiaries' information after you have purchased Family Takaful policy. You can do this by contacting Alliance Bank and submitting a change of beneficiary form.
Absolutely, the term takaful coverage extends globally.
Your coverage begins as soon as your certificate is enforced.