Family Takaful Products

NFT has a wide range of products that falls into two distinct groups, i.e. Individual Family Takaful and Group Family Takaful. All products are suitable for corporate and individuals seeking protection and savings for their employees and loved ones.

Individual Family Takaful:

• Hassad.
  For protections to ensure the family is taken care off should anything happen (La Qadar Allah)
  with projected return of paid contribution should one survive at the end of the chosen term and certificate has been in full force. Maximum coverage obtained and expected not to lose contributed amount if living at the end of chosen term.
  
  
• Sanabel.
  Specially designed to those wishing to enjoy maximum coverage but by carefully planning their
  contribution payment for a fixed 7 years only. in the Holy Quran, ayah (43) the king (of Egypt) said: "Verily, I saw (in a dream) seven fat cows, whom seven lean ones were devouring - and of seven green ears of corn, and (seven) others dry.
  
  
• ElNil
  For multiple protections against death and Total and Permanent Disability (TPD);
  provides Double Sum Covered due to natural event, Four Times of Sum Covered in the event of accidental and Eight Times of Sum Covered in the event of air crash, plus saving elements for future financial needs if living at the end of chosen term.
  
  
• ADDB rider.
  Additional cover against accidental death and TPD attached to the basic cover. Fractional amounts will also be paid due to bodily appendage or loss of sight because of an accident ie. pays benefits for the loss of limbs, fingers, sight and permanent paralysis.
  
  
• Term Rider.
  Cheap conribution for high coverage to provide maximum coverage against untimely Death and mishap Disability .
  

Group Family Takaful:

• Group Term Takaful
  A single master contract for all employees, valid for one year and can be renewed annually. May have add-ons for additional coverage against accidental death, TPD and certain Partial Permanent Disablement.
  
  Has a number of varieties:
  - uniform cover to all members of the group
  - graded covers for different categories of members.
  - multiple of annual basic salary.
  
  
• Group Micro Takaful.
  Coverage for small financial transaction for small entrepreneur on loan outstanding to protect
  against death and TPD. The contribution amount generally built into the loan payment. The contract pays for the remaining balance of the loan.
  
  
• Group Retirement.
  A defined contribution scheme that provides a retirement fund, which ensures financial stability, security and independence in the post-retirement years. Can be defined as a benefit paid to employees who have been employed for at least 3 or 5 years, payable on cessation of employment (either by resignation, death, retirement or termination etc).
  
  
• Group Credit Takaful.
  Provides coverage both to borrower and the lender in the event of death and TPD.
  It's normally sold in connection with a specific loan. The contribution amount generally built into the loan payment. The contract pays for the remaining balance of the loan.