Personal Accident

Takaful embodies the principles of Islamic finance, operating within the framework of Shariah law. While similar to insurance, it sets itself apart through its emphasis on cooperation, mutual assistance, and shared responsibility. By promoting unity and collective support among participants, Takaful offers a distinct way of managing risks in line with Islamic principles and Shariah law.

Insurance is not aligned with Islamic principles and Shariah law due to its involvement with elements like uncertainty (gharar), interest (riba), and gambling (judi), which are forbidden in Islam. Muslims are not allowed to participate in insurance schemes.

We are registered with Takaful Malaysia (Corporate Agent Code: GCA05115) and have the authority to promote Takaful Malaysia products. You can apply this Takaful plan through our agents.

1. Takaful myFlexi PA is a comprehensive personal accident takaful plan with fourteen (14) Primary Benefits specifically crafted to protect you and your loved ones in case of injuries, disability, or loss of life due to an accident.
   
   
2. Coverage is valid worldwide and remains in effect 24 hours a day throughout the duration of your Takaful certificate ("Period of Takaful").
   
   
3. This product allows you to extend Takaful coverage to your spouse and children with options for add-on benefits which can suit your preference and financial needs (“Add-on Benefits”).

There are four (4) types of coverage to choose from: -

1. Participant only;
2. Participant & Spouse;
3. Participant & Children; or
4. Family (Participant, Spouse & Children)

There are six (6) plans with different sum covered for the Primary Benefits available.

The total annual contribution that you have to pay may vary depending on the plan selected.

• Pre-existing condition
• Insanity, suicide (whether sane or insane), intentional self-inflicted injuries or any attempt thereat;
• Effect or influence of drugs or alcohol;
• Provoked murder or assault;
• While committing or attempting to commit any unlawful or criminal act;
• Whilst participating in professional sports and/or hazardous activities such as mountaineering, rock or cliff climbing, ice-hockey, polo playing, steeple chasing, winter sports, yachting, caving, potholing, white-water rafting, sky diving, cliff diving, bungee jumping etc.

Feel free to cancel your certificate anytime by sending us a written notice. Upon cancellation, you will receive a pro-rate refund of your contribution, with a minimum of RM25.00 retained by us, as long as no claims have been made under the certificate.

Takaful, which is concept based on ethical and cooperative principles, has been opened to non-Muslims for several reasons:

1. Ethical Appeal:
   The ethical and cooperative principles of takaful, such as mutual assistance, shared responsibility, and transparency, resonate with individuals of various religious backgrounds who prioritize ethical values in their financial decisions.
   
   
2. Interest-Free Structure:
   Takaful operates on a no-interest (riba) basis, which can be attractive to who seek financial products that do not involve interest payments.
   
   
3. Shared Risk and Mutual Support:
   The concept of shared risk and mutual support is not exclusive to any particular religion. Who are value community and cooperation find takaful's approach appealing.
   
   
4. Transparent Contracts:
   Takaful contracts are designed to be transparent and straightforward, which can be appealing to individuals seeking clear and understandable insurance arrangements.
   
   
5. Avoidance of Unethical Investments:
   Takaful investments typically avoid industries and practices considered unethical, such as gambling and certain forms of speculation. Who are socially conscious about their investments may be attracted to takaful's ethical investment approach.
   
   
6. Cultural Sensitivity:
   Some takaful providers have tailored their products and messaging to be inclusive of diverse cultural and religious backgrounds, making takaful more welcoming to a broader audience.
   
   
7. Regulatory Compliance:
   Takaful products are often structured to comply with legal and regulatory requirements in various regions, ensuring that they are viable and regulated insurance options.
   
   
8. Choice and Diversity:
   Opening takaful to non-Muslims expands the choices available to individuals seeking insurance coverage. It reflects the principle that ethical and cooperative insurance practices can benefit everyone, regardless of religious beliefs.

In essence, takaful's underlying principles of fairness, cooperation, and ethical conduct have led to its appeal among non-Muslims who value these principles in their financial and insurance arrangements.