Investment for FUTURE
Takaful Mumtaz Plan - Annual Cash Back Plan
At Zurich Malaysia, we understand that life can throw us with curve balls that can get in the way. That is why we have designed Takaful Mumtaz – a limited short-term contribution protection and savings plan that offers long-term benefits for over 16 years. This Shariah-compliant plan rewards you with Annual Cash Back while providing you with increased protection to safeguard against life’s uncertainties.
The process to apply for Zurich Takaful Mumtaz is also hassle-free as there is no requirement for medical examination and lengthy health questionnaires. As a result, your application will be accepted when you decide to participate in it. Additionally, Takaful Mumtaz offers financial protection against untimely demise and/or Total and Permanent Disability (TPD) too.
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What benefits do I get with Takaful Mumtaz Plan?
Hassle-free Application
With no medical examination and no lengthy health questionnaires, Takaful Mumtaz is hassle-free and you won’t be turned down because of your health.
Protection Made Simple
Takaful Mumtaz offers a simplified way for you to calculate your level of protection based on your contribution. The Annual Contribution goes by the number of selected units, where 1 unit is equivalent to an Annual Contribution of RM1,000.
Increasing Protection with Additional Sum Covered
We can’t predict the future but we can certainly plan for it. With Takaful Mumtaz, you can put your worries to rest as the plan provides increasing protection against untimely demise or Total and Permanent Disability (TPD).
Increasing Annual Cash Back
With Takaful Mumtaz, you will receive a generous Annual Cash Back, which can be used to fund your immediate or future needs. And best of all, the amount of Annual Cash Back increases over the certificate term.
Short Contribution Term
Takaful Mumtaz is a smart plan that offers a relatively short contribution term of 8 years for a long term protection and savings over 16 years.
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How does Takaful Mumtaz plan work?
Zurich Takaful Mumtaz is a short-term contribution saving and protection plan that offers a myriad of benefits and ensures a hassle-free application process. In this plan, a participant can contribute funds (tabarru) for 8 years to enjoy 16 years of protection as well as Annual Cash Back benefits. It even provides protection against death / Total Permanent and Disability (TPD) and it also offers the Participant Investment Account (PIA) value upon maturity.
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Who is eligible for Takaful Mumtaz plan?
This plan is available to individuals aged between 30 days old and 60 years old (age last birthday).
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What options do I have if I need a longer coverage term?
Upon maturity of your Zurich Takaful Mumtaz plan, you have the option of continuing your coverage with other selected Zurich plans without producing any health related evidence. This option must be exercised within 60 days from the maturity date of your Takaful Mumtaz certificate, for a Sum Covered no greater than the amount under the certificate; otherwise health evidence will be required.
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