HLTM Takaful introduces investment-linked takaful
Aug 16th, 2007 by Takaful
Source: Bernama, 16th August 2007
Hong Leong Tokio Marine Takaful Bhd’s (HLTM Takaful) new regular contribution investment-linked family takaful scheme, i-Save, will offer both protection and savings.
In a statement here Thursday, the company said participants would receive coverage benefit for death or total permanent disability as well as the full value of units.
“The scheme can also be structured to provide for the various financial needs such as old age retirement and savings for children’s education.
“For Muslims, the takaful benefit (upon death) can be a gift for their loved ones without any encumbrances,” chief executive officer, Ezamshah Ismail, said at the launch of the scheme here today.
Ezamshah said with the scheme, the contribution amount could be as low as RM100.
“Participants can also opt for the sum covered to be between 5 times-50 times of their annual contribution depending on their age.
“A portion of the contribution will be allocated for investment in funds of their choice — Income Fund or Balanced Fund,” he said.
He said both funds, invested in accordance with syariah principles, would be managed in-house and backed by the group’s financial services companies.