Takaful Malaysia Boosts Flexibility and Giving with Premium-Takaful Enhancements
Takaful Malaysia has announced a suite of enhancements to its regular Premium-Takaful products, effective August 1, 2025. These updates offer policyholders greater flexibility, customisation, and a chance to contribute to charitable causes.
Policyholders can now make two free partial withdrawals from the fourth year of their policy, providing them with more liquidity. Additionally, they can establish a Wakaf, a charitable endowment, to support meaningful causes, allowing them to leave a lasting impact.
To further personalise their coverage, policyholders can choose from premium terms of 10, 15, or 20 years. They also have the option to enhance their protection through an additional rider, tailored to their specific needs.
Takaful Malaysia will donate 0.1% of the first-year premium for these new products to the Community Chest, demonstrating the company's commitment to social responsibility. Furthermore, policyholders can pause their premiums without incurring any fees, with the duration of the pause varying based on the policy year and chosen premium payment term.
The Takaful coverage now includes protection for both death and terminal illness, providing policyholders with comprehensive peace of mind.
With these new enhancements, Takaful Malaysia offers policyholders increased flexibility, customisation, and the opportunity to make a positive impact. The company's commitment to social responsibility is evident in its donation to the Community Chest. These updates ensure that policyholders can tailor their coverage to their unique needs while contributing to meaningful causes.
