Houseowner Takaful (Annual)
What is Takaful?
Takaful is a concept of mutual guarantee which is in compliance with Shariah principles. Contributions collected from participants are pooled together to provide for the benefits in the event of losses suffered by any of its members or participants. Hong Leong MSIG Takaful (HLM Takaful) as a Takaful operator is entrusted to properly invest and manage this mutual fund.
What is HLM Takaful's Houseowner Takaful (Annual) plan?
As a houseowner, should a fire or named perils occur, you may face a financial burden in repairing the house and servicing the outstanding mortgage finance without any compensation for the loss or damage suffered. This financial burden would be lessen with HLM Takaful-Houseowner Takaful (Annual) plan where coverage on the house for fire and named perils is on an annual renewable basis.