Group Mortgage Reducing Term Assurance Takaful

Death Benefit

In the event of your death, as the person covered, we will pay the reducing sum covered as at the date of death. We will make the payment in one lump sum from the Participants' Tabarru' Fund.
Total and Permanent Disability (TPD) Benefit

In the event that you, as the person covered, suffer Total and Permanent Disability (TPD), we will pay the reducing sum covered as at the date of TPD begins. We will make the payment in one lump sum from the Participants' Tabarru' Fund.
Optional Benefit: Refund of Contribution (ROC) Rider

This is a single contribution plan offered to our business financing clients. At the end of the certificate term, we will pay the total contribution you have paid, including basic contribution, rider contribution and any loading imposed, but excluding service tax.

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Eligibility & Requirements

Open to all customers of CIMB who sign up for business financing

	MRTT	ROC
Entry Age Limit (age as at last birthday)	Minimum Entry Age: 18 years old Maximum Entry Age: 65 years old Expiry Age: 70 years old	Minimum Entry Age: 18 years old Maximum Entry Age: 60 years old Expiry Age: 70 years old
Certificate Term	Minimum Term: 3 years Maximum Term: 40 years (inclusive of the deferment period. Certificate will still expire once the person covered reaches 70 years old, even if the maximum term has not yet been reached).	Minimum Term: 10 years (including deferment period) Maximum Term: 20 years, plus a maximum of 5 years for the deferment period, if any.
Deferment Period	Minimum Term: 0 year Maximum Term: 5 years	Minimum Term: 0 year Maximum Term: 5 years
Sum Covered	Minimum Sum Covered: RM10,000 Maximum Sum Covered: No limit. Subject to underwriting should the Sum Covered exceed RM550,000.	Sum Covered for Rider is equal to the rider contribution.

Important Notes

This product is managed by Sun Life Malaysia Takaful Berhad No. 200501012215 (689263-M) (“Sun Life Malaysia”), a Takaful Operator registered with Bank Negara Malaysia under the Islamic Financial Services Act 2013.

Sun Life Malaysia Takaful Berhad is a member of Perbadanan Insurans Deposit Malaysia (PIDM). The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Takaful Berhad or PIDM (visit www.pidm.gov.my).

Disclaimer:

The description of the features and benefits of the takaful product herein is not a contract of family takaful and is only a brief summary of the takaful product for quick and easy reference. The complete terms and conditions of the takaful product are contained in the Contract Document of Sun Life Malaysia Takaful Berhad No. 200501012215 (689263-M), the Takaful Operator.

CIMB Islamic Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this takaful product and the services provided by the Takaful Operator.

The Bank merely acts as a distributor for this takaful product.

This takaful product is the Sun Life Malaysia’s product and not a product of the Bank. Therefore this takaful product is not guaranteed by the Bank, its subsidiaries and/or its affiliates and the Takaful Operator shall undertake the full responsibilities, obligations and liabilities in respect of this takaful product.

Terms and Conditions apply.

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Group Mortgage Reducing Term Takaful (Business Financing) - MRTT

Benefits & Privileges

Death Benefit

Total and Permanent Disability (TPD) Benefit

Optional Benefit: Refund of Contribution (ROC) Rider

Eligibility & Requirements

Important Notes

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Decreasing Term Takaful (DTT) With Optional Critical Illness (CI) Waiver Benefit

Group Mortgage Reducing Term Takaful (Business Financing) - MRTT

Benefits & Privileges

Death Benefit

Total and Permanent Disability (TPD) Benefit

Optional Benefit: Refund of Contribution (ROC) Rider

Eligibility & Requirements

Important Notes

Need More Information?

More Options

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Biz Shield-i

Decreasing Term Takaful (DTT) With Optional Critical Illness (CI) Waiver Benefit

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