Loss of life takaful plans

This rider offers a way to ensure that all the things that need to be taken care of will be taken care of when the time comes. Like ensuring any intensive care unit (ICU) costs are taken care of, or leaving a goodwill donation to a charity of your choice, or even bringing your remains home if you pass away overseas. 

FWD Accidental Death Benefit Rider offers an economical, yet smart way to increase your overall protection cover. You can choose to attach this rider to your base plan at any point in time, all you need to do is just to choose the level of coverage and how long you want to be covered for.

We manage your contribution and our takaful operations based on the Shariah contract of wakalah, and guided by our Shariah committee. 

• Takaful is a mutual assistance scheme based on the spirit of brotherhood and solidarity where you and others agree to assist each other financially if any one of you suffers a specific loss. 

The contributions you pay for cover under your certificate is subject to a wakalah fee. 

• Wakalah is the appointment by one party of another to act on his/her behalf. 

We pay your contributions, less the wakalah fee, into our Participants’ Risk Fund (PRF) as tabarru’. Funds in PRF are used to pay the benefits to claimants who are entitled to it based on: the solidarity of brotherhood and cooperation among the participants, and subject to terms & conditions. 

• Tabarru’ is a donation for the purpose of takaful.

If the value of PRF is insufficient to pay the claims, then we will pay Qard which is an interest-free loan to PRF. In case of the good performance of the PRF, we will be rewarded 50% of the surplus as Ju’alah and the remaining 50% will be distributed to participants.

*Depending upon chosen maturity age, subject to minimum certificate term of 5 years 

Note: Age implies the age at the next birthday

Your contribution depends on the following criteria regarding the family members covered under the certificate: 

• Age 

• Gender 

• Amount of coverage 

• Term of coverage

• Occupation

• Payment frequency