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Malaysia (Takaful)
High coverage hibah takaful plan for your family with flexible term

Family Takaful

i-Great Nova | High Coverage Hibah Takaful for Family with Flexible Term

Growing coverage to ensure a bright future that spans you and beyond

In all of life, there are important things you would want to protect. Go beyond the here and now, by ensuring your next of kin is left a legacy. i-Great Nova is an affordable high coverage family takaful plan, with a flexible coverage term that will help ensure your loved ones are well cared for, regardless of your phase in life.

What is hibah takaful?

Hibah takaful is a special concept in Islamic finance that aims to provide financial protection to individuals and their families while adhering to Islamic principles. It allows participants to pool their contributions to create a fund that offers protection in times of need. The unique aspect of hibah takaful lies in its basic concept of "hibah," which means a voluntary gift. This means that a portion of the family takaful benefits can be contributed to designated beneficiaries without any expectation of return, ensuring that the financial protection reaches those who need it most.


Importance of hibah takaful for your family

By participating in hibah takaful, you can ensure that your family is financially protected in case of unfortunate events, such as illness or accidents. The concept of hibah allows you to voluntarily give a part of the takaful benefits to your loved ones, ensuring a smooth and immediate transfer of funds to them without any delays or legal complications. This financial support can provide peace of mind, knowing that your family will be taken care of even when you are no longer around to provide for them.


Benefits of hibah takaful

Below are some benefits and importance of hibah takaful that you need to know before subscribing to hibah takaful plan in Malaysia.

  1. Income replacement - In general, takaful participants are the main breadwinners for the family. With the basic concept of hibah, all dependents of the husband and wife will continue to be taken care of after death by receiving the death benefit as a hibah. The death benefit is an amount of ringgit that is paid as a lump-sum to the beneficiaries.
  2. Debt settlement - With the compensation money received, the beneficiary can settle all the debts left behind.
  3. Definitive beneficiary and simple process - Unlike wills and distribution of estates, it is a gift by a person to their beneficiaries indisputably. The recipient is the absolute owner of the 'gift', regardless of whether it is in the form of cash or property.
  4. Children's education fund - With the takaful grant, part of the compensation can be used as your child's education fund for the future.


A hibah takaful plan is the best gift you can give to your family. Show your family how much you care about them. Purchasing this plan can give you peace of mind knowing that your family will have the means to carry on with their lives without struggle.

Key benefits


An affordable hibah takaful plan with a high coverage from RM250,000 Sum Covered

Get protection with high Sum Covered from RM250,000.


Protect Your Legacy with Coverage Term up to Age 80

Be covered up to age 60, 70 or 80 and have the flexibility of choosing contribution payment term between 10, 20 years or throughout the coverage term based on your affordability.


Optional Automatic Increase of Sum Covered Every 5 Years

Customise your hibah takaful plan i-Great Nova with an optional i-Protection Booster Rider that provides additional rider sum covered upon death or TPD of person covered that auto-increases every 5 years up to 1000% of the rider sum covered.

How i-Great Nova works

Additional benefits

i-Saver Rider

95% of contributions payable under this rider will be allocated to Participant’s Unit Account for savings and investment purposes, where you can opt from the funds available. 

Auto-Extension of Coverage

Enjoy continuous protection with auto extension after end of coverage term where the coverage will be automatically extended to age 70, age 80 or age 100 depending on your initial expiry age.

Additional Death Benefit during Hajj/Umrah

Upon non-accidental death of the person covered while performing Hajj or Umrah, an additional amount of 100% of Basic Sum Covered will be payable on top of the Death Benefit. 

Badal Hajj, Waqf and Hibah services

These are optional services and you need to fill in the Hajj by Proxy Service Form, Waqf Services Form and Nomination and Assignment Form for the respective services of your choice.

Notes and disclaimers

Please do take note of the below to ensure you fully understand what this product does and does not cover. If in doubt, contact your Great Eastern Takaful Advisor.

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