Mortgage Reducing Term Takaful 3

• Protection Against Untimely Death or Disability

• In the event of untimely death or total and permanent disability (TPD), the outstanding financing amount according to the Schedule of Sum Covered will be settled, leaving your family free from encumbrances. Dependents will be free from indebtedness in having to settle the mortgage on the house.

• Protect Your Family Home

• When your home financing is fully covered, your family members or dependents do not have to worry about non-payment of financing should the unthinkable happen to you. It protects your family / dependents from being evicted from the house.

• Additional Coverage for Accidental Death

• An additional 10% of the outstanding amount covered in accordance with your Schedule of Sum Covered will be paid in the event of accidental death.

• Flexible Contribution Payment Options

• You have the flexibility of paying the contribution yourself or by obtaining a financial assistance from the bank.

• Guaranteed 24 hours Global Protection

• You will be protected 24 hours a day, anywhere in the world.

• Early settlement

• In the event that you choose to make an early settlement on your home financing, you have the flexibility of either continuing the coverage or surrendering the plan and receive the cash surrender value due to you at the time of surrender of the plan.

Examples of the events not covered by the MRTT3 include:

1. For Death:

• Suicide while sane or insane within 6 months from the effective date of takaful coverage.

2. 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, aviation¹ (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.

3. 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.

4. And other standard exclusions.

Note: