Wealth Management
Decreasing Term Takaful (DTT)
Features
- 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.
Benefits
- 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.
Eligibility
- 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.
Download
For any enquiries, please visit the nearest branch or call our Contact Centre tele-Rakyat at 1-300-80-5454.
*Terms and conditions apply.
The benefit(s) payable under eligible certificate is protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to limits. Please refer to PIDM's Takaful and Insurance Benefits Protection System ("TIPS") Brochure or contact Takaful Malaysia or PIDM (visit www.pidm.gov.my)
