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Group Students’ Takaful Plan

In: Islamic Insurance Products

Author

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  • Mohd Ma’Sum Billah

    (King Abdulaziz University)

Abstract

The world generally seems to realise that protection for a loved one after one’s death is necessary. Financial stability is important for everyone. Therefore, the Malaysian government has imposed a charge on every worker in Malaysia, for his or her savings and to use when elderly. Insurance agencies have seemed to grow like mushrooms after rain. Some offer conventional insurance and some Islamic insurance. The main purpose and objective of the cover they offer is to protect the person, family or property. For example, if a man has a car accident and breaks his leg, with insurance he can be covered, and the insurance agency will pay him a particular amount for necessary treatment. Even in the USA, if you need any medical treatment in the hospital or clinic you need to have insurance. If not, the medical staff will not treat you.

Suggested Citation

  • Mohd Ma’Sum Billah, 2019. "Group Students’ Takaful Plan," Springer Books, in: Islamic Insurance Products, chapter 0, pages 305-312, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-17681-5_24
    DOI: 10.1007/978-3-030-17681-5_24
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