HLM Takaful FiT CI

This is a standalone Critical Illness (CI) Takaful product which covers 10 Critical Illnesses. This plan is guaranteed renewable for a term of 10 years.

(a) Tabarru’ means donation from the portion of the contribution that will be allocated to the Participants' Risk Fund (PRF), which will be used for mutual aid and assistance among the fellow participants.

(b) Iltizam Bi Al-Tabarru’ means the commitment to make Tabarru'.

(c) Wakalah means essentially an agent-principal relationship, where the Takaful Operator act as an agent on behalf of the participants to manage the PRF and the Takaful Operator earns Wakalah Fee for services rendered.

(d) Ju’alah means an agreement in which the participant agrees to reward the Takaful Operator for its achievement or good performance in managing the PRF that leads to Surplus of the fund.

(e) Qardh means an interest-free loan provided by the Takaful Operator in the event of a deficit in the PRF.

HLM Takaful FiT CI covers 10 Critical Illnesses as shown in the table below:

Please refer to the Takaful certificate for the definition of the above Critical Illnesses.

No, all Critical Illnesses are subject to a waiting period of 30 days, except the following Critical Illnesses which are subject to the waiting period of 60 days:

a) Cancer – of specified severity and does not cover very early cancer

b) Coronary Artery By-Pass Surgery

c) Heart Attack – of specified severity

d) Serious Coronary Artery Disease

One of the conditions is you need to survive for at least 30 days after the date of diagnosis of the Critical Illness. Please refer to the Takaful certificate for more terms and conditions.

Upon expiry of the certificate, the certificate will automatically be renewed for another 10 years of coverage without any underwriting requirement, subject to the maximum entry age at renewal and maximum renewal up to 2 times. The contribution will be revised according to your age at renewal. You are required to notify Us at least 30 days prior to the expiry of this certificate if you do not want to renew the certificate for another 10 years term.

Yes, the cash surrender value will be payable if you have not made an approved claim. However, the availability of cash surrender value is depending on your entry age and gender.

The certificate term is 10 years, with guaranteed renewability of another 10 years, up to 2 times, subject to the maximum entry age at renewal.

You are required to pay the contributions throughout the entire coverage term.

You are required to pay your contributions based on the payment mode that you had chosen. You may choose to pay annually, semi-annually, quarterly or monthly during your application.

You can pay your contribution by Credit/Debit Card via Standing Instruction (SI) or Direct Debit.

The Basic Sum Covered shall be determined based on the entry age and gender, as shown in the table below:

All individuals aged between 21 years old (next birthday) and 60 years old (next birthday) are eligible except for Professional Sports Person. Please refer to the Takaful certificate for the definition of Professional Sports Person.

The contribution is fixed at RM1,200 p.a. for all ages and gender. Upon renewal, the contribution will be based on your attained age at the prevailing rates on the date of renewal. The prevailing rates will be determined by Us. The contribution rates will increase as you get older.

The contribution is level throughout the certificate term, however it is not guaranteed. We reserve the right to vary the contribution rates by giving the Participant 90 days written notice prior to the next certificate anniversary. Claim experience is one of the possible reasons for contribution adjustment. Please note that past trends of increase in the contribution rates do not necessarily reflect the future trend.

No, you may only participate in one certificate of the same plan.

You have the option to reduce the Sum Covered upon every 10-year renewal only.

No, you are not permitted to change your certificate term.

Yes, you are permitted to change the frequency of your contribution payments.

Yes, there are circumstances where a claim will be denied. For example, if the individual is diagnosed with cancer during the waiting period (the first 60 days after the certificate takes effect), the cancer claim would not be admissible. For a detailed list of exclusions, please refer to here.