Hire Purchase Reducing Term Takaful (HPRTT)

Wealth Management

Hire Purchase Reducing Term Takaful (HPRTT)


  • Exclusively offered to Hire Purchase-i customers of Bank Rakyat.
  • Designed to cover the Hire Purchase-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.
  • If any unfortunate event of untimely death or TPD, the balance of the Hire Purchase-i with Bank Rakyat will be covered by takaful operator.
  • Contribution subject to the sum covered and underwriting.


  • Covering up to RM200,000 of the Hire Purchase-i balance.
  • Lump sum payment by takaful operator for the balance of Hire Purchase-i financing in the event of death or TPD on the person covered.
  • Total sum covered will be consistent with the reducing balance of Hire Purchase-i payment schedule.
  • Lump sum contribution can be paid by the customer or financed by Bank Rakyat (for Al Naqlu 2 only).
  • If the Hire Purchase-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.


  • Hire Purchase-i with Bank Rakyat.
  • Malaysian Citizen.
  • Aged between 18 to 65.
  • Coverage term from 1 year to 9 years, whichever comes first.
  • Automatic acceptance for sum covered from RM10,000 to RM200,000.


For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.

*Terms and conditions apply.

Banking is better with our app

It's simple, secure and convenient

More about our app