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Family Takaful Plan

In: Islamic Insurance Products

Author

Listed:
  • Mohd Ma’Sum Billah

    (King Abdulaziz University)

Abstract

The family Takaful scheme ensures a certain amount of money to lighten the financial burden of loved ones if something bad were to happen. The purpose of such a plan is to save systematically in order to generate a long-term fund for the needs of one’s family in the future. It is as a guarantee or form of security to help people face the possibilities of accident, permanent disabilities, to pay for hospital expenses or for the costs of other mishaps.

Suggested Citation

  • Mohd Ma’Sum Billah, 2019. "Family Takaful Plan," Springer Books, in: Islamic Insurance Products, chapter 0, pages 271-281, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-17681-5_21
    DOI: 10.1007/978-3-030-17681-5_21
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