10 Must-Know Facts About Nomination In Your Takaful Plan

Written by Michelle Brohier

It’s bad enough that many Malaysians are under-protected, and while they are doing their best to save up, more than 75% are finding it difficult to raise RM1,000 in the event of crisis.

If it’s a struggle to come up with money during an emergency, what can you do for your family in the event that you become permanently disabled or have passed on? At times like these, having the right takaful plan to protect your family becomes essential.

However, having such a plan alone does not mean you are completely covered. You will have to ensure that you have nominated a beneficiary for your plan. In this way, the person you nominate will get the takaful plan benefits necessary to keep them going, or else they will be left struggling financially in your absence.

On top of that, as a Muslim, you may also have some goals to be fulfilled even after you have passed on, such as completing your hajj through badal hajj or do charity through waqaf. With so many things to be done, whether you have passed on or become permanently disabled, it’s clear that getting a takaful plan alone isn’t enough. It’s time to nominate and set what you want to be done once you have left this world.