Life Insurances

Life insurance is an insurance coverage that pays out a certain amount of money to the insured or their specified beneficiaries upon a certain event such as death of the individual who is insured. This protection is also offered in a Family takaful plan, a Shariah-based approach to protecting you and your family.

The coverage period for life insurance is usually more than a year. So this requires periodic premium payments, either monthly, quarterly or annually. The risks that are covered by life insurance are:

Premature death

Income during retirement

Illness

The main products of life insurance include:

Whole life

Endowment

Term

Investment-linked

Life annuity plan

Medical and health