This plan is underwritten by AIA PUBLIC Takaful Bhd., a Takaful operator licensed under the Islamic Financial Services Act 2013 and regulated by Bank Negara Malaysia.
Contact Details: AIA PUBLIC Takaful Bhd. 201101007816 (935955-M), Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur
AIA PUBLIC Takaful Bhd. is a member of PIDM.
The benefit(s) payable under eligible takaful certificates / products is (are) protected by Perbadanan Insurans Deposit Malaysia ("PIDM") up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System ("TIPS") Brochure or contact AIA PUBLIC Takaful Bhd. or PIDM (visit www.pidm.gov.my).
When you embark on a major investment such as buying a car via a hire purchase, it will only become yours after all the instalments are settled. Until that happens, the bank will remain the owner of the vehicle.
You therefore want to ensure that instalments are paid promptly so that you eventually possess 100% ownership of the vehicle.
In case of unforeseen circumstances such as death, total and permanent disability (TPD) or accidental death, paying instalments might become impossible. When this happens, the ownership of the vehicle remains with the bank and your family members will have to pay off the remaining outstanding amount financed, further straining their financial commitment.
What Are The Benefits?
- Be Worry Free
- Enjoy the benefits of this investment knowing that the hire purchase is now protected.
- Settlement of Outstanding Amount Financed
- In the event of death, total and permanent disability or accidental death, your sum covered will be used to settle your outstanding amount financed. If there is any balance, it would be payable to your nominee(s), if any.
- Personal Asset
- Your family will not have to reach into their own savings in order to settle the outstanding hire purchase financing amount.
- No Litigation Issues
- Free your loved ones from litigation issues relating to default payment of instalments.
- Contribution Payable Once Only
- No more burden to pay contributions! Contribution is paid once to enjoy coverage for the whole financing period.
What HPRTT2 doesn’t cover?
Examples of the events not covered by the HPRTT2 include:
- For Death:
Suicide while sane or insane within six (6) months from the effective date of takaful coverage.
- For Total and Permanent Disability:
Attempted suicide while sane or insane and whether felonious or not, self- inflicted bodily injury, disorderly conduct or deliberate exposure to unnecessary danger; or injuries sustained while engaging in hunting, mountaineering, aviation (except as a fare-paying passenger on a commercial airline), naval, military or aeronautical service, or racing (other than foot-racing) of any kind; or existing conditions at the effective date of takaful coverage.
- For Accidental Death:
Suicide or attempt to commit suicide, while sane or insane or self-inflicted injuries; or injuries sustained while under the influence of alcohol, any non-prescribed drugs, narcotic or illegal drugs.
- And other standard exclusions.
The description, benefits, exclusions, terms and conditions described above have been summarized and are not exhaustive. Details of more complete terms, conditions and exclusions are available in the Takaful Certificate.
To find out more, call us now at our one stop contact centre 603-2170 8000 or visit any of our branches for more information!
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