FWD Group Protection Plan
Building a successful business relies on investing in your greatest asset – your employees.
At FWD Takaful, we understand that ensuring your employees’ family welfare is taken care of is a morale boost.
It gives your employees less to worry about, so they can devote their time and effort to fulfilling their duties as best as they can. Motivated employees are productive – they commit themselves to the organisation and its goals.
Securing the future of your employees’ families is a small gesture that will go a long way. It shows that as an employer, you don’t only care about your bottom line but are also looking after your employees’ welfare.
Focusing on building employee connections first, before striving for results.
We believe in the concept of SMILE when we developed this product for you and the most important asset for your company, your Employees.
Group Protection Plan Benefits
Death benefit
Provides a lump sum benefit in the event of death prior to the person covered reaching age 70 next birthday* and within the certificate period.
Funeral expenses
Provides a lump sum benefit of RM10,000 to cover the funeral expenses
Accelerated Critical Illness (CI) – optional benefit
Allows a person covered diagnosed with any of the covered 36 critical illnesses to receive a lump sum benefit to help alleviate their financial burden. The basic benefit payout will be reduced by the amount paid for this lump sum benefit.
Benefits | SME50 Plan | SME100 Plan | SME200 Plan | |
Benefits | SME50 Plan | SME100 Plan | SME200 Plan | |
01 | Death | RM50,000 | RM100,000 | RM200,000 |
02 | Accelerated Total and Permanent Disability (TPD) | |||
03 | Accelerated Total and Permanent Disability (PPD) | |||
04 | Funeral Expenses | RM10,000 | ||
05 | Accelerated Critical Illness (CI) - optional | RM25,000 | RM50,000 | RM100,000 |
How does it work?
FWD Group Protection Plan offers a competitive solution for small-medium enterprises (SMEs) to provide their employees the coverage they need in the event of death or disability. Our yearly renewable plans start from 10 employees, covering them until the age of 70*, with an option to include Critical Illness (CI) coverage. Group Term Takaful plan is more affordable than an individual takaful plan. It also offers tax exemptions that benefit the employers’ cost-effectiveness.
Employer Benefits
Give more, increase moraie
Show that you care and that you value employees for their contribution to your business
Get more for less
On average, it costs less to buy corporate insurance than individual policies - with added benefits including life cover, critical illness, and total permanent disability
Invest in your business
By protecting your staff means you're investing in your greatest asset - and the one that's hardest to replace
Frequently asked questions
The plan is suitable for companies within these industries:
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*For heavy manufacturing & other industries, kindly contact - 1300 13 7988 for assistance on a more suited plan.
The FWD Group Protection Plan covers employees up to their 70th birthday in the event of a death, comes with an Accelerated Disability (TPD & PPD) Benefit* and gives you an option to include accelerated Critical Illness Benefit.
In addition to the death benefit, FWD Group Protection Plan also provides funeral expense benefit in the form of a lump sum payment upon the passing of the covered employee.
For a more detailed read on the benefits of FWD Group Protection Plan, kindly refer to the brochure here.
FWD Group Protection Plan’s coverage differs according to the plans that are available.
For a more detailed comparison on the coverage of FWD Group Protection Plan, kindly refer to the brochure here.
