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Why should I participate in a Child Education Takaful Plan? |
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| By participating in this plan, your child will be provided with protection and financial benefits to finance their future education expenses. |
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Who is eligible to apply for the plan? |
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| An individual between the age 18 and 55 is eligible to apply for the plan, regardless of his/her religious beliefs. |
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As I get older, do I need to increase my contribution? |
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| No. Your contribution remains the same as long as your certificate is in force. |
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| The child education takaful plan cannot be transferred among children of the same parents because different participants will acquire different plans. |
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I do not have any children, but would like to buy a plan for my niece. Can I? |
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| By doing this, it is indeed a meaningful deed. However, only a parent or legal guardian can affect the education takaful plan for the child. You can still arrange to buy and pay for the plan, with the co-operation of the parent(s). In this case, you will have to give up all control to the certificate holder, i.e. the parent. |
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| The takaful operator will pay you, your child or your nominee(s), subject to the terms and conditions of your certificate. In the event of a claim: |
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Notify your takaful operator as soon as possible. |
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For a maturity claim, provide a copy of the child education takaful certificate. |
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For a death claim, your nominee(s) need to provide the following documents: |
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- A certified copy of the death certificate; |
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- A photocopy of the deceased’s identity card; |
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- Original children education takaful certificate; |
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- Proof of claimant's relationship with the deceased; and |
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- Other documents as requested by the takaful operator. |
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Can the plan be assigned amongst my children? |
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| Related Information |
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| What Else Can I Do? |
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