Personal Banking
Wealth Management
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Decreasing Term Takaful (DTT)
- Exclusively offered to Personal Financing-i customers of Bank Rakyat.
- Designed to cover the Personal Financing-i balance in the event of death or total permanent disability (TPD) due to any causes.
- Releasing family members from financial burden in case of unfortunate event.
- Contribution subject to the amount of financing, tenure, age & profit rate.
- Covering up to RM200,000 of the Personal Financing-i balance.
- Lump sum payment by Takaful Operator for the balance of Personal Financing-i in the event of death or TPD on the person covered.
- Total sum covered will be consistent with the reducing balance of Personal Financing-i payment schedule.
- Lump sum contribution can be paid by the customer or financed by Bank Rakyat.
- If the Personal Financing-i account settled earlier, the certificate can be surrendered for cash value.
- Offer surplus sharing (if any) to participant at the end of certificate period.
- Personal Financing-i with Bank Rakyat only.
- Malaysian Citizen.
- Aged between 18 to 64.
- Automatic acceptance for sum covered from RM10,000 to RM200,000.
- Coverage term from 1 year to 10 years.
The published rates, fees and charges are effective from 1st April 2019 following the implementation of 6% SST from 1st September 2018. Terms & conditions apply.
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.*Terms and conditions apply.