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Critical Illness Takaful

  • Mohd Ma’Sum Billah
Chapter

Abstract

The Critical Illness Takaful Rider is one of the products that has been launched since 2010. This plan is not a stand-alone product; it is part of other contracts or basic plans. Therefore, the policyholder must have a basic plan if interested in the Critical Illness Takaful Rider. Usually the policyholder is encouraged to buy this extra cover alongside the basic plan. The Critical Illness Takaful Rider is a protection plan for individuals. It gives financial protection against any critical illness listed in the plan for the term of the plan. The Critical Illness Takaful Rider is created to give protection against financial loss resulting from a policyholder’s critical illness. The policyholder can determine the duration or the term of the plan according to their preferences.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Professor of Finance, Insurance, Fintech and Investment Islamic Economics InstituteKing Abdulaziz UniversityJaddahKingdom of Saudi Arabia

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