i-Great Yaqeen: Financial Confidence Takaful Coverage

Coverage towards financial confidence

Ensuring that ourselves and our families are safeguarded is one of the ways we show care. However, beyond our basic family Takaful protection, we also need to remember that critical illness protection is key seeing the rise of its prevalence. Did you know? You may choose to protect yourself with i-Great Yaqeen, which provides coverage of 61 critical illnesses for child and adult, Essential Care benefit (supplementary hospitalisation care), and maturity benefit at an affordable contribution. Take an active step towards financial confidence now!

What is Financial Confidence Coverage?

Financial confidence coverage in Malaysia refers to a comprehensive protection plan designed to provide financial security and peace of mind in the face of unforeseen medical and critical illness expenses. This type of coverage goes beyond standard Takaful protection by offering additional benefits tailored to cover a wide range of critical illnesses, hospitalisation costs, and even financial support during recovery periods. By ensuring that you have the necessary financial resources in place, financial confidence coverage helps you and your family maintain stability and focus on recovery during challenging times.

The Importance of Financial Confidence Coverage

The importance of financial confidence coverage cannot be overstated, especially in today’s world where the incidence of critical illnesses is rising. Here’s why it’s essential:

Comprehensive Protection: With the increasing prevalence of critical illnesses, having a plan that covers a wide range of conditions ensures that you are prepared for any eventuality.
Financial Security: Medical treatments and recovery can be expensive. Financial confidence coverage ensures that you have the necessary funds to cover these costs without depleting your savings or going into debt.
Peace of Mind: Knowing that you are financially protected allows you to focus on your health and recovery without the added stress of financial worries.
Long-term Planning: This coverage helps you plan for the future with confidence, knowing that you and your family are protected against significant financial risks.

Benefits of a Financial Confidence Coverage Plan for the Family

A financial confidence coverage plan provides numerous benefits for you and your family, ensuring their well-being and security:

Comprehensive Health Coverage: Protects against a broad spectrum of critical illnesses, ensuring that both children and adults are covered.
Supplementary Hospitalisation Care: Offers essential care benefits that cover additional hospitalisation expenses, easing the financial burden on the family.
Maturity Benefit: Provides a maturity benefit, ensuring that your contributions yield a financial return even if no claims are made, enhancing your financial planning and security.
Continued Lifestyle: Ensures that your family can maintain their lifestyle and meet daily expenses even during times of illness and recovery.

Importance of a Plan like i-Great Yaqeen

A plan like i-Great Yaqeen is indispensable for comprehensive financial confidence coverage. Here’s why:

Extensive Critical Illness Coverage: Covers 61 critical illnesses, providing robust protection for both children and adults. This wide range of coverage ensures that you are protected against most major health risks.
Essential Care Benefit: Offers supplementary hospitalisation care, covering additional costs that typical medical plans might not include. This helps reduce the financial strain during hospital stays.
Affordable Contributions: Provides substantial coverage at an affordable rate, making it accessible for many families. This ensures that financial protection is within reach without compromising other financial goals.
Maturity Benefit: Ensures that your contributions are not only protective but also productive, offering returns that can support your financial stability in the long term.

By choosing i-Great Yaqeen, you are not just securing a Takaful plan; you are investing in a comprehensive financial safety net that ensures your family’s well-being and peace of mind. Taking this proactive step towards financial confidence means you can focus on what truly matters — your health and your loved ones — without the constant worry of financial uncertaint

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Key benefits

61 Critical illness coverage for child and adult

Upon the Person Covered diagnosed with any one of the Critical Illnesses ("Covered Event") except Angioplasty and Other Invasive Treatments for Coronary Artery Disease, the following will be payable.

For Person Covered aged 19 years next birthday and above, 100% of Total Payout.
For Child Person Covered aged 18 years next birthday and below, Total Payout capped at 50% of Basic Sum Covered will be payable. The balance shall be payable upon occurrence of any Covered Events when the Person Covered is 19 years next birthday and above.

Essential Care Benefit (Supplementary hospitalisation care)

In the event of hospitalisation in the Intensive Care Unit (ICU) by the Person Covered for a minimum of 5 consecutive days, a lump sum of RM10,000 shall be payable from the Tabarru’ Fund.

Maturity benefit

Upon maturity, any amount left in Participant's Individual Account (PIA) will be payable.

How i-Great Yaqeen works

Frequently Asked Questions

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.

Important notices

i-Great Yaqeen is a regular contribution Term Takaful plan that offers Takaful protection and matures at age 80 years next birthday. It provides coverage upon the Person Covered being diagnosed with any one of the Critical Illnesses (“Covered Events”). This plan also provides an additional Essential Care Benefit of RM10,000 (up to RM20,000) in the event of hospitalisation of the Person Covered in the ICU for a minimum of 5 consecutive days.
You should be convinced that this plan will best serve your needs and that the contributions payable under the Certificate are affordable to you. Contributions are payable until the end of your coverage term. If you do not pay within the grace period of 30 days, we will deduct the monthly Tabarru’ from the PIA. Your Certificate will lapse and hold no value if the amount left in PIA is less than or equal to zero.
Participating in a Takaful plan is a long-term financial commitment. The accumulated cash value that you may get when you cancel the Certificate before maturity period will be much less than the total amount of contribution that you have paid.
A “free-look period” of 15 days from the delivery date of the Certificate is given for you to review the suitability of the plan. If the Certificate is returned to us during this period, we shall refund an amount equal to the amount of contributions paid less any medical fee incurred, if any, for the medical examinations.
Upon surrender, we will refund the cash value in PIA under this Certificate (if any). Nevertheless, the unexpired Tabarru’ from the Tabarru’ Fund and the Unearned Unallocated Contribution from the Takaful Operator’s Fund (other than the first year Unallocated Contribution) less actual medical expenses incurred (if any) will be payable to you.
Upon death of the Person Covered, Certificate Maturity, or termination of Certificate, any cash value from the PIA will be payable, which may be less than the total allocated contribution in the PIA. No benefit is payable from Tabarru' Fund.
If you switch your Certificate from one Takaful Operator to another or if you replace your current Certificate with another Certificate within the same Takaful Operator, you may be required to submit an application where the acceptance of your proposal will be subject to the terms and conditions to be imposed at the time of switching or replacement.
The amount in PIA will be based on the actual performance of the fund and it is not guaranteed. Depending on the fund's performance, the PIA value may decrease and the certificate may potentially lapse. The investment risk under this plan will be borne solely by you and the PIA may be less than the total contributions contributed to the fund.

Disclaimers

i-Great Yaqeen | Coverage towards Financial Confidence