Takaful Mortgage Plus does everything Conventional Mortgage Cover does, PLUS gives you up to 60% profit sharing CASH BACK!*
Today you are a loving family. You are paying off the mortgage on your family home every month. You are the main breadwinner and you work very hard. Your home is your safe haven. Your castle. It is filled with memories and love.
If something happens to you, what will happen to your home?
Without mortgage cover, your loved ones could lose their home and be forced to live somewhere else.
With HSBC Amanah Takaful Mortgage Plus, no one can take your home away from you
- In the event of your death or total permanent disablement, the insurer (Syarikat Takaful Malaysia Berhad, the underwriters of Takaful Mortgage Plus) will pay the outstanding balance of your mortgage
- Your loved ones will inherit your home free from any mortgage debt. They won't owe a sen! They won't have their home taken away from them
- Your guarantor will be free from any liability
But that's just the start of the benefits!
What happens to your Takaful contribution?
Under conventional mortgage cover, once you've paid your premium, you will never see that money again (unless you make a claim).
Under Takaful Mortgage Plus, you get profit sharing CASH BACK!
This is the Takaful Difference.
It's 20 years from now. Thankfully you are fit and healthy! You and your family have paid off your family home. Congratulations! And because you were covered by Takaful Mortgage Plus, you also get profit sharing CASH BACK! That's money for new furniture or even a family holiday!
You potentially get a share of profits. Yes! Up to 60% profit sharing CASH BACK!*
When a company offers conventional insurance to you, the company invests your premiums and keeps any profit it makes. Under Takaful Mortgage Plus you are entitled to share the profits.
One of the key concepts of Takaful is al-mudharabah. Under this concept, you are entitled to share the profit generated from Takaful funds. This can mean profit sharing CASH BACK to you up to 60% as previously published.
You get the satisfaction of knowing your money is being invested appropriately
Another important aspect of Takaful is that you know your Takaful contributions are being invested in an ethically compliant manner. You may have heard of "Green" investments where investors only invest in companies involved in nurturing and conserving the environment. Takaful is similar in that your Takaful contributions are only invested in Syariah approved activities. Takaful is based on the concept of al-takaful (guaranteeing each other), al-mudharabah (profit sharing) and tabarru (donation).
For all Malaysians
You don't need to be a Muslim to enjoy the unique benefits of Takaful Mortgage Plus. It is open to ALL Malaysians regardless of race or religion as long as you're 18 to 55 years old.
BENEFITS AT A GLANCE
| Conventional Mortgage Cover | Takaful Mortgage Plus |
Yes
Lump sum payment of outstanding mortgage debt in case of death or total permanent disability | Yes
Lump sum payment of outstanding mortgage debt in case of death or total permanent disability |
No
Profit sharing | Yes
Profit sharing CASH BACK of up to 60% as previously published* |
No
Control to ensure your premiums are invested in Syariah appropriate companies | Yes
Investments only made in Syariah approved companies |
To get Mortgage cover AND CASH BACK, please call us at 03-2050 7878 or drop in at any HSBC branch nearest to you. Our friendly Personal Bankers are ready to help!
* Based on previous profit sharing track record. Performance may vary from year to year. Terms and conditions apply.
Takaful Mortgage Plus is underwritten by Syarikat Takaful Malaysia Berhad.
Disclaimer: This online brochure is not a Takaful contract. The exact terms and conditions are in the original Takaful certificate.
