KUALA LUMPUR: AmMetLife Takaful Bhd is confident of increasing the participation in ProtectSecure-i Murni after securing more than 800 applications worth in excess of RM1.5 million in terms of annual contributions through AmBank Islamic Bhd nationwide.
The group expects to attract more from its existing customer base for the plan which was introduced in September last year and officially launched today, it said in a statement today.
The ProtectSecure-i Murni caters specifically for Muslim needs and provides protection against death and Total and Permanent Disability (TPD), additional coverage whilst performing the haj and umrah, with waqaf, badal (proxy) haj (performed on behalf of someone who died or someone who is chronically ill or disable), and funeral benefits.
on behalf of someone who died or someone who is chronically ill or disable
“We are indeed very pleased with the launch of ProtectSecure-i Murni as the plan provides for the protection needs of our Muslim customers, especially those who are performing their haj or umrah,” said AmMetLife Takaful Group Chief Executive Officer Datuk Sulaiman Mohd Tahir.
AmMetLife Takaful said ProtectSecure-i Murni paid 100 per cent of the basic sum covered plus the balance in Participant’s Investment Fund (PIF) in the event of death or TPD of covered person.
It said under this plan another 100 per cent of the basic sum covered would be payable should death or TPD occur while performing the haj or umrah with an additional RM3,000 badal haj benefit, where the nominee may appoint a proxy to perform haj.
Designed to support Muslims in fulfilling their religious obligations, the plan also provides RM1,500 special allowance from individual’s PIF at the end of the third year to assist in haj or umrah preparation, it said.
Certificate owners can also make withdrawals from their PIF at the end of the fifth certificate year to support any financial needs in their life, said AmMetLife Takaful.
The plan also provides a waqaf payout of RM1,000 on person covered behalf to an approved waqaf organisation upon death or TPD, a special feature to directly assists customers to prepare for theirafterlife as on-going charity through a waqaf organisation, as well as an additional RM5,000 lump sum upon death to cover funeral related expenses.
The ProtectSecure-i Murni is available for individuals from the age of 30 days to 60 years and matures when the participant reaches 80 years.