Takaful Warisan

Your income can be considered your family's most valuable asset - because it provides for your dependent children, spouse, ageing parents, home mortgage, car, retirement income - the list goes on. Takaful Warisan has been designed to help you continue to provide for the comforts of those who are financially dependent on you, giving you the peace of mind.

Takaful Warisan embodies the concept of Takaful, which is based on the concept of "Al-Wadiah" (Guaranteed Custody) and "Al-Mudharabah" (Trustee Profit Sharing).

In this product, we act as "Al-Mudharib" or the entreprenuer, while you, the Muslim participant is the "Sahibul-Mal" or the capital provider and the contributions made by you are the "Ra'sul-mal".

Takaful Warisan is a flexible package that utilises professional investment management together with a comprehensive range of optional coverage benefits to choose from with the following distinct advantages:

Flexibility:  

• A modern investment-linked plan  
• A choice of investment funds to link  
• A wide range of optional coverage benefits  
• Switching facility to allow you to switch between funds  
• Professional Fund Management  
• You decide on the level of contribution (a minimum of $50 monthly or $600 per annum) with the flexibility to increase or decrease your contribution later on  
• Flexibility to top up your investments at anytime.  
• Partial withdrawal and full surrender options are available  
• Proceeds are tax free  
• 14 days free look  

Profit sharing: At the beginning of every biennial Ramadan month, all in force

Takaful Warisan may share in 50% profit generated from the Takaful charges  

Peace of Mind with Takaful Warisan
Your contributions for the plan will be placed into a Takaful Fund that invests in businesses that are permissible by Islam and approved by the Islamic Advisory Board. At the same time, part of your contributions is used to pay for valuable protection in the event of death, critical illness or permanent disability. A lump sum of cash is payable in the event of any of the above adversity. You also have a choice of other optional benefits.

You can start planning today with Takaful Warisan from as little as S$50 per month or S$600 annually. 

Benefits at a glance

• Affordable and flexible contributions. You can start investing from as low as S$50 monthly or S$600 annually using cash.  
• Life Takaful benefit. You can enjoy life Takaful benefit while you invest. 
• You can also choose to add more coverage such as critical illness benefit, hospital income benefit and comprehensive accident coverage to name a few, to meet your protection needs.  
• Liquidity on your contributions - You can withdraw* your plan for cash anytime provided that there is enough cash value in your plan at the time of withdrawal.  
• Surplus sharing - You are eligible to share the surplus generated from the Tabarru’ fund, which takes place once every two years, at the beginning of the month of Ramadan.  

Purify your investments
Your investment will go through a process of ‘purification’ where a percentage of your dividend, which symbolises the proportion of non-Shariah approved income earned by the companies, will be deducted and donated to charity. This process is in line with the international Islamic practice in equity dealing.