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Takaful ODP Plus

A comprehensive Takaful Overdraft Protector plan that covers your SME Overdraft Facility Financing-i with Financial Protection in the event of Death or Total and Permanent Disability (TPD)



Why do i need it?

  • Peace of mind in the knowledge that you and your family will not be burdened and left in debt 


How much should I insure?

  • Your total financing amount


Takaful Overdraft Plus (ODP Plus):

  • Guaranteed settlement of borrower's outstanding Loan
  • Death or Total and Permanent Disability (TPD)
  • 24 hours worldwide coverage
  • Guaranteed acceptance



Death (Due to All Causes)

  • One lump sum payment of Sum Covered Amount

Total and Permanent Disability (TPD) per life

  • Sum Covered is paid up to a maximum of RM1 million (6 months after TPD incident date)
  • The balance (if any, up to RM1 million) is payable 1 year from the date of the first payment

TPD coverage expiry age

  • Any Covered Member whose age is sixty five (65) years or more on the Cover Start Date shall not be entitled to TPD coverage

TPD maximum coverage

  • Not exceeding a sum of RM2.0 million for this policy and all other credit related policy within Etiqa, if any, of the same Covered Member

Cancelation within Cooling Off Period (CWC)

  • Once the borrower makes a request to cancel the loan within thirty (30) days, the Bank will notify Etiqa, who will cancel the coverage and refund to the Bank the total amount of premium paid, less any medical fee incurred.



For SME Business Owners/Borrowers

Period of Takaful

  • Yearly Coverage

Entry Age (age next birthday)

  • Min: 18 years old
  • Max: 60 years old

Expiry Age (age next birthday)

  • Max: 65 years old

Sum Assured

  • Min: RM20,000
  • Max: RM500,000 (within Free Cover Limit)

This web page is neither a policy contract nor forming part of it. The precise benefits, terms and conditions and other details are available in the Policy Contract.


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