Takaful is a great way to provide your loved ones with financial safety net if the unexpected happens to you. What if you are unable to work due to an illness and could no longer afford the contributions?
With A-Plus Waiver-i, you will continue to enjoy the coverage of your Takaful certificate with no further contributions if you are diagnosed with a critical illness, giving you one less thing to worry about.
With A-Plus Waiver-i, you can continue to enjoy coverage up to 100 years old with no further contributions to your plan if you're diagnosed with critical illness.
Takaful Lingo Explained
What does contribution mean?
This is the amount that you pay to participate in the plan to protect you and your loved ones for a specified risk over a specified time.
What does critical illness mean?
Critical illness refers to life-threatening condition which is defined in your Takaful certificate.
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A-Plus Waiver-i covers up to age 100 or expiry of the basic plan, whichever is earlier.
This plan is available as what we at AIA PUBLIC call “add-ons” (you may also hear people refer to them as “riders”). You may include this add-on to your coverage when you participate in A-EnrichGold-i.
The contribution rate of this plan is level and will not increase as your age increases.
The contribution for this plan is not guaranteed and AIA PUBLIC reserves the right to revise the contribution by giving you 3 months' written notice.
Goods and Services Tax will be chargeable at the prevailing rate on the contribution payable for this plan, if attached to your certificate.
You will have to serve a waiting period before you can make any claims under this plan. Different waiting period shall apply for different benefits.