Takaful MediCash - Income Protection Plan
Takaful income shield to ease your journey to recovery.
Illnesses and accidents can happen anytime leading to long days or months of hospitalisation. Such situations can lead to loss of income and add financial burden for you and your loved ones.
Takaful MediCash is a standalone and affordable income protection cover that offers Daily Hospitalisation Income, Monthly Accidental Total and Permanent Disability (TPD) Income, and Compassionate Allowance to protect you against income loss. This Shariah-compliant plan ensures that you and your family stay distant from financial problems even when your stable flow of income halts.
Important Notice on Income Protection Coverage
Income protection – the ability to ensure financial security even in the face of crises such as long-term illness, disability or death – plays a crucial role in our lives and that of our loved ones. Yet, the income protection gap is present in many families, who do not have financial compensation should there be a reduction / loss in household income due unexpected events. To get a quick calculation on how much insurance / takaful coverage can be obtained based on your budget and needs, try out Protection Gap and Budget Calculator.
Takaful MediCash Product Coverage and Benefits
Minimise life's uncertainties with this plan.
Daily Hospitalisation Income Benefit
We will provide an income in place of your earnings when you are unfit for work. Regardless of illness or injury, you will receive a daily income of up to RM400 during your hospitalisation period. Additionally, if you are admitted to the Intensive Care Unit (ICU) / High Dependency Unit (HDU), you will receive double of the Daily Hospitalisation Income Benefit. This plan also includes Overseas Daily Hospitalisation Income Benefit.
Compassionate Allowance
Minimise life’s uncertainties with this plan. Your loved ones will receive a Compassionate Allowance up to RM20,000 when you are no longer around.
No Claim Discount
Be rewarded with 20% discount of the premium when you have not made any claim within the past one (1) year.
Monthly Accidental Total and Permanent Disability (TPD) Income Benefit
Life is unpredictable but you can always prepare for the worst. With Takaful MediCash, a Monthly Accidental TPD Income Benefit up to RM2,000 per month will be payable to Person Covered who suffers TPD as a result of an accident.
You can select one of the plans below to suit your needs.
| Benefits | Plan 100 | Plan 200 | |
| Daily Income1 | |||
| Daily Hospitalisation Income Benefit | RM100 per day | RM200 per day | |
| Intensive Care Unit (ICU) / High Dependency Unit (HDU) and Overseas Daily Hospitalisation Income Benefit | RM200 per day | RM400 per day | |
| Monthly Income | |||
|
Monthly Accidental Total and Permanent Disability (TPD) Income Benefit2 (up to 120 months per Certificate) |
RM1,000 per month | RM2,000 per month | |
| Compassionate Allowance3 | |||
| Compassionate Allowance | RM10,000 | RM20,000 | |
| No Claim Discount4 | |||
| No Claim Discount | 20% of the contribution for current Certificate Year | ||
Notes:
1Benefits payable are subject to:
i. A combined limit of 4 admissions per Certificate Year and 730 days of confinement to hospital throughout the coverage term.
ii. Daily Hospitalisation Income Benefit is payable for each day of Hospital Confinement up to 60 days per Certificate Year.
iii. Intensive Care Unit (ICU) / High Dependency Unit (HDU) and Overseas Daily Hospitalisation Income Benefit is payable for each day of Hospital Confinement up to 60 days per Certificate Year.
iv. No Daily Hospitalisation Income Benefit shall be paid where the Intensive Care Unit (ICU) / High Dependency Unit (HDU) and Overseas Daily Hospitalisation Income Benefit is payable and vice versa.
2 This benefit will be paid up to 120 months in the event of Total and Permanent Disability (TPD) of the Person Covered within 365 days from the date of Accident. All benefits and contribution under this plan shall cease immediately after the date of commencement of TPD due to an accident.
3 A lump sum of Compassionate Allowance is payable upon death of Person Covered.
4 In the event there is no approved claim in the preceding Certificate Year, No Claim Discount equivalent to 20% of the contribution for current Certificate Year will be given.
Step 1
Prepare the required documents as stated below.
Step 2
Complete the required form(s) and get your attending doctor to complete the required Physician’s Statement form (if applicable).
Step 3
Ensure all the required documents are complete and submit them via your servicing agent or your nearest Zurich branch.
1. Claimant’s Statement Form
2. CTC of Claimant’s NRIC / Passport / Residence card
3. CTC of Death Certificate
B. Additional documents (if any):
1. CTC of Marriage Certificate (if claimant is spouse) or Birth Certificate of Claimant (if claimant is child) or Birth Certificate of Deceased (if claimant is parents) as Proof of Relationship
2. Original Certificate Contract
3. Original Letter of Consent (4 copies)
4. CTC of report of death abroad from National Registration Department (NRD) - if Person Covered died abroad
5. Letter of Administration / Grant of Probate / Distribution Order (applicable for certificate without nomination)
6. CTC of Deceased’s NRIC / Passport / Residence card
C. Documents to be completed if death due to sickness or natural cause:
1. Physician’s Statement Form (for certificate duration within 2 years from the Issue Date or Reinstatement Date, whichever is later)
D. Documents to be submitted if death due to accident:
1. CTC of Post Mortem / Coroner’s Report (for certificate duration of less than 5 years from the Issue Date or Reinstatement Date, whichever is later)
2. CTC of Toxicology Report, if any
3. CTC of Police Report
4. Newspaper Cutting, if any (Please translate to English or Bahasa Malaysia if the article is not in either of these languages)
If you wish to talk to us regarding your claim and have any queries on the above, you may call us at 1-300-888-622 or write in to us.
Important Notes:
1. CTC - Certified True Copy
2. To facilitate the processing, please submit to us all required documents.
3. The copy of documents must be certified by Zurich Takaful Officer, Judge, Magistrate or Solicitors
4. The list of required documents for Family Takaful Claims serves as a guideline for claims submission. The Company reserves the right to request for further information or documents if deemed necessary.
- Takaful MediCash Fact Sheet (ENG)
- Takaful MediCash Fact Sheet (BM)
- Takaful MediCash FAQs (ENG)
- Takaful MediCash FAQs (BM)
- Takaful MediCash Product Disclosure Sheet [Sample] (ENG)
- Takaful MediCash Product Disclosure Sheet [Sample] (BM)
- Takaful MediCash Certificate Wordings [Sample] (ENG)
- Takaful MediCash Certificate Wordings [Sample] (BM)
What is Takaful MediCash?
Takaful MediCash is designed to provide daily income to a participant who is admitted at a hospital as an in-patient due to illness or injury, and monthly income when the covered participant suffers Total and Permanent Disability (TPD) as a result of an accident. What’s more, this takaful plan also offers Compassionate Allowance to your loved ones when you are no longer around.
How do I know if Takaful MediCash suits me?
Takaful Medicash is suitable if you are looking for a takaful plan, requiring affordable contribution, that offers financial support while you are hospitalised. Once you are certain that this plan meets your needs and that the contribution made under this certificate is an amount you can afford, you can subscribe to it.
Can I sign up for Takaful MediCash if I am a foreigner but residing in Malaysia?
No, this plan is only open to Malaysians residing in Malaysia.
The benefits payable are protected by PIDM up to limits. Please refer to PIDM TIPS brochure or contact Zurich Takaful Malaysia Berhad or PIDM
Zurich Takaful operates under the principle of Wakalah, whereby the Takaful Operator acts as an agent to the Participant for managing the operations of the Takaful business. A Wakalah Fee will be charged up-front from the contributions made. Tabarru’ (donation) will be deducted to the Participant Risk Investment Account (PRIA), where it will be used for mutual aid and assistance, based on the concept of Takaful. The benefits are paid from the PRIA only upon a covered loss, and not upon maturity or surrender of the certificate. Surplus Sharing (if any) at the end of each financial year will be shared between the Participant, and Zurich Takaful at a 50:50 ratio. The investment profit earned on the Participant Investment Account (PIA) is derived from the return on underlying assets and Zurich Takaful charges a Wakalah Bi al-Istithmar Fee (Investment Agency Fee) for managing these assets. The investment risk in PIA is fully borne by the Participant. 100% of investment profit earned, net of tax, less the aforementioned Wakalah Bi al-Istithmar Fee, will remain in the PIA for the benefit of the Participant. There will be no further sharing of the investment profit arising in the PIA with Shareholders.
Note: This is a pure protection product where the sole purpose of the product is to provide you with coverage for specific covered events. You should not expect to receive any investment return throughout the term of the policy or when the policy matures. This product is distributed and sold without going through any intermediaries.
