Basic Benefit
Group Term Takaful provides protection to the Participant’s employees in the event
of death due to any cause. They will be covered 24 hours a day anywhere in the world.
The sum covered would either be a fixed amount for everyone, or determined according
to some agreed category. Most employers tend to link amount of coverage with employees
designation or salary, whereas organizations would normally provide equal amount
irrespective of membership status.
The cover is provided without ascertaining the state of each person’s health condition
up to certain amount of sum covered (free-cover limit), beyond which he/she will be
medically examined.
Supplementary Benefits (Optional)
(a) Accidental Disability Benefits
Under Accidental Death if any person covered dies due to accidental means within
ninety (90) days of such accident and sustained injuries are solely and independently
caused by external, violent and purely accidental means, compensation will be paid
to the Participant for benefit of his/her beneficiaries. This is in addition to the
amount payable under the basic cover benefit.
(b) Accidental Hospitalization Benefit
Under Accidental Death if any person covered dies due to accidental means within
ninety (90) days of such accident and sustained injuries are solely and independently
caused by external, violent and purely accidental means, compensation will be paid
to the Participant for benefit of his/her beneficiaries. This is in addition to the
amount payable under the basic cover benefit.
Permanent Total Disability
Loss of both hands or amputation at higher sides – 100%
Loss of hand and a foot – 100%
Double amputation through leg or thigh amputation through leg or thigh on one side and loss of other foot – 100%
Loss of sight to such an extent as to render the claimant unable to perform any work for which eye-sight is essential – 100%
Very severe facial disfigurement – 100%
Permanent Partial Disability:
If a person covered sustains bodily injuries and suffers losses which are ‘permanent
and partial’, compensation will be paid to the Participant for the benefit of the
person covered a scheduled percentage of sum covered (subject to degree of disablement),
varying from 1% to 90%.
Temporary Total Disability:
If a person covered sustains bodily injuries which are ‘temporary and total’,
compensation will be paid to the Participant for the benefit of the person covered
for the loss of wages in terms of fortnightly payments of an agreed amount until
he/she resumes work subject to a limit of 1 (one) year.
(c) Natural Disability Benefit
Under Natural Disability if any person covered, suffers ‘permanent total disability’
due to natural causes which renders such person incapable of performing his duties
and being gainfully employed otherwise, the full sum covered will be paid to the
Participant for the benefit of the covered member.
(d) Accidental Hospitalization Benefits
Under Accidental Hospitalization if any person covered suffers an injury due to
accident and is hospitalized, medical expenses (on reimbursement basis) up to a
agreed limit will be paid to the Participant for the benefit of the person covered.