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Takaful Warisan
Secure the future of your loved ones
What if something unexpected happens to you and your loved ones have to bear with the financial obligations you leave behind? Secure the future of your loved ones now by providing them with financial protection. With Takaful Warisan, you can provide for the comforts of those who are financially dependent on you.
Benefits at a glance
Affordable and flexible contributions
You can start investing from as low as S$150 monthly or S$1800 annually
using cash.
Life Takaful benefit
You can enjoy life Takaful benefit while you invest. You can also choose to add more coverage such as critical illness benefit, hospital income benefit and comprehensive accident coverage to name a few, to meet your protection needs.
Liquidity on your contributions
You can withdraw* your plan for cash anytime provided that there is enough cash value in your plan at the time of withdrawal.
Surplus sharing
You are eligible to share the surplus generated from the Tabarru' fund, which takes place once every two years, at the beginning of the month of Ramadan.
Purify your investments
Your investment will go through a process of 'purification' where
a percentage of the dividend, which symbolises the proportion of non-Shariah
approved income earned by the companies, will be deducted and donated
to charity. This process is in line with the international Islamic
practice in equity dealing.
Note:
* Withdrawals can be made provided there is enough cash value in your investment-linked Takaful plan at the time of withdrawal. Your surrender value is based on the next determined bid price of the fund. An early termination of the policy will usually involve high costs and the surrender value payable may be less than the total premiums paid.
How it works
| Plan details | |
| Minimum contribution | S$150 monthly or S$1800 annually |
| Payment mode | Cash only |
| Entry age | Adult 19 to 65 years old at age next birthday Child 1 to 18 years old at age next birthday with an adult as a policy owner |
| Unit allocation/surrender pricing basis | "Next determined" bid price |
Act now
Call 6225 6111
All contributions received from Takaful participants will be invested strictly in accordance with Islamic principles. The IAB has the full right to inspect or review the books and records of the Takaful business to ensure compliance with Islamic principles.
Important notes
Takaful Warisan is underwritten by HSBC Insurance (Singapore) Pte. Limited, 10 Eunos Road 8, #11-01 Singapore Post Centre, Singapore 408600. Company registration no. 195400150N.
This webpage contains only general information and is subject to change. It does not constitute an offer to buy or sell an insurance product or service. It is not intended to provide
any insurance or financial advice.
Past performance of the fund/fund manager is not necessarily indicative
of its future performance. Investors should note that there is no
guarantee on the capital and returns. The actual returns depend on
actual performance of the underlying investments. The value of units
in the investment-linked fund and the income accruing to the units,
if any, may fall and rise.
Investor should read the latest fund fact sheet, fund manager's report, fund summaries, product highlights sheets and product summary on investment-linked plans for details before deciding to invest. You can ask for the documents from our authorised agents or appointed distributors.
This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
HSBC Insurance (Singapore) Pte. Limited's authorised agents or distributors (together "the Agents") are neither underwriter nor broker for the customer. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability otherwise of the content of this marketing material. Under no circumstances, including, but not limited to negligence, shall the Agents or any party involved in creating, producing or delivering the marketing material be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this marketing material, even if the Agents have been advised of the possibility of such damages.
The Agents and/or their employees will receive a commission from HSBC Insurance (Singapore) Pte. Limited in respect of this transaction. The Agents are not suppliers of the products and services and will not accept liability in relation hereto.
Issued by HSBC Insurance (Singapore) Pte. Limited.
