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Senior Citizen Takaful

In: Islamic Insurance Products

Author

Listed:
  • Mohd Ma’Sum Billah

    (King Abdulaziz University)

Abstract

Senior Citizen Takaful is an individual Takaful plan that provides protection against the financial impact arising from the untimely death of the policyholder. The plan is specially designed for those who are between 50 and 80 years of age, to help them take better control of their life during their golden years. The policy certificate duration ranges from 5 to 35 years. Contributions are payable until the policy matures, upon which the maturity benefit, being the accumulated contribution (net of any charges) in the Personal Risk Investment Account (PRIA), is payable.

Suggested Citation

  • Mohd Ma’Sum Billah, 2019. "Senior Citizen Takaful," Springer Books, in: Islamic Insurance Products, chapter 0, pages 321-324, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-17681-5_26
    DOI: 10.1007/978-3-030-17681-5_26
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