FWD Takaful Big 3 Critical Illness

 Tabarru’: A donation for the purpose of takaful.  Wakalah: The contract where the participant appoints the Takaful Operator to manage the participants’ risk fund and agrees to remunerate the Takaful Operator on pre-agreed basis for the services provided.  Ju'alah: It is the reward to the Takaful Operator for the good performance of the participants’ risk fund it will be managing. The Takaful Operator will be rewarded with a 50% share of the surplus from the participants’ risk fund and the remaining 50% will be distributed to eligible participants.  Qard: An interest-free loan that we grant to the participants’ risk fund if it is in deficit. The loan is repayable from the future surplus arising in the participants’ risk fund.

This is a yearly-renewable takaful plan, which mean your contribution will increase with your age. The contribution rates are not guaranteed and may be revised by giving at least 3 months advance written notice to you. We will change this on your next certificate renewal after 3 months’ notice period.

Yes, you can cancel (terminate) your certificate at any time. If you cancel your certificate, your cover will end from the date we cancel your certificate.

It is important that you inform us of any change in your/your nominee(s) contact details to ensure all correspondences reach you/your nominee(s) in a timely manner.

This certificate has certain exclusions, meaning situations where we won’t pay a benefit. We list below the exclusions that apply to the benefits under your certificate.  Pre-existing condition: We will not pay for any benefit in respect of any condition, disease, illness or injury if there was any manifestation, diagnosis or treatment of such condition, disease, illness or injury before the commencement date.  We will not pay benefit under this certificate if the claim arises from suicide, attempted suicide or selfinflicted act within one year of the start of your certificate. This applies regardless of the mental state of person covered. If this happens, the certificate will be cancelled. Note: Refer to the certificate for the full list of limitations and exclusions under this certificate.