Family Takaful provides you with a protection and long-term savings. It provides you and your beneficiary financial benefits in the event of a tragedy. In addition Family Takaful provides;

• Long-term personal savings: part of the contribution will be deposited in an account for the purpose of savings
• Potential investment returns: as the Takaful operator will invest your savings and investment contribution (Participant’s Account or PA) and the profit will be shared between you and the takaful operator according to a pre-agreed ratio
• Tax relief: you will be eligible for personal tax relief as in life insurance; the maximum amount of relief for an ordinary family takaful is RM6,000 per year less any contributions paid to retirement benefit schemes i.e. Employees Provident Fund; for medical and education plans, the tax relief is RM3,000 per year.
• Mutual Assistance: When you participate in family takaful, a certain amount of money goes to a takaful fund; You will undertake a contract (aqad) for part of your contribution to be in the form of participative contribution (tabarru’) and the other part for savings and investment. Your contribution (tabarru’) will be placed in a fund (Participants’ Special Account or PSA) that will be used should any of the participants face a misfortune arising from death or permanent disability