Family Takaful Business
In general, a family takaful plan is a combination of long term investment and mutual financial assistance scheme.
Objectives of this plan are:
- To save regularly over a fixed period of time.
- To earn investment returns in accordance with Islamic principles.
- To obtain mutual assistance in the event of death prior to maturity of the investment as mutual aid and benefit.
The cover can include:
- Individual plan
- Group plan (Group family, group medical)
- Annuity (Employees provident fund, retirement)