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Credit Level Terms Takaful (CLTT)

A single contribution level term Takaful plan that provides financial protection against your mortgage in the event of Death or Total Permanent Disability.

How can CLTT help you?


  • Pays your outstanding of mortgage financing in the event of Death or Total and Permanent Disability (TPD)
  • Protects your family from losing their home in the event of unforeseen circumstances
  • 24 hours, worldwide coverage

Features


  • Guaranteed Acceptance for sum covered up to RM 200,0001 (per application)
  • Coverage up to RM 2 million for Death/Total Permanent Disability (TPD)2 to settle mortgage financing
  • Option to capitalise Single Contribution into the mortgage financing up to 10% of financing amount
  • Distribution of surplus paid during benefit payout or at maturity
  • Additional RM1,000 is payable to next of kin to pay for funeral expenses

1Applicable for financing applicant age 50 next birthday & below.

2Maximum amount payable for TPD is RM2 million and coverage is up to age 65.

Sum assured


  • Minimum coverage limit: RM10,000
  • Subject to underwriting should coverage limit exceed RM200,000
  • Level Sum Covered according to the remaining financing amount3

Coverage term


  • Minimum term: 5 years
  • Maximum term: 45 years or expiry at 75 years old (whichever is lower)

Entry age limit (age as last birthday)


  • Minimum entry age: 17 years’ old
  • Maximum entry age: 65 years’ old
  • Expiry age: 75 years old

How to apply?


  • Applicable to Maybank Home Loan/Financing customers only.
  • Make an appointment online today at www.maybank2u.com.my/ezyq to talk to our friendly Sales Representative

Terms and conditions


  • Other terms and conditions apply

PIDM protection


The benefit(s) payable under eligible certificate/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Etiqa Family Takaful Berhad or PIDM (visit www.pidm.gov.my).

Important Notes


The information provided on this page is not a contract of takaful plan. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the certificate document.

This plan is underwritten by Etiqa Family Takaful Berhad (199301011506) (Licensed under the Islamic Financial Services Act 2013 and regulated by Bank Negara Malaysia) and Malayan Banking Berhad (196001000142) is the intermediary in distributing this Plan. Please read and understand the Product Disclosure Sheet (PDS), Brochure and Certificate Wording before signing up.

 

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