KUALA LUMPUR: Hong Leong Tokio Marine Takaful Bhd (HLTM Takaful) yesterday launched HLTMT i-Save, a regular contribution investment-linked family Takaful scheme.
In a statement yesterday, its chief executive officer Ezamshah Ismail said participants would receive coverage benefit for death or total permanent disability (TPD) and the full value of units in their participants’ investment account.
The scheme can also be structured to provide for the various financial needs such as old age retirement and savings for children’s education.
“For Muslims, the Takaful benefit (upon death) can be a gift for their loved ones without any encumbrances,” Ezamshah said.
The minimum contribution amount is RM100 with flexible payments either monthly, quarterly, half yearly or annually.
He added that participants could also opt for the sum covered to be between five times and 50 times of their annual contribution, depending on their age.
“A portion of the contribution would be allocated for investment in funds of their choices of either income fund or balanced fund,” Ezamshah said, adding that both funds would be managed in-house and backed by the group’s financial services companies in accordance with syariah principles. |
