PATINA2016
Standalone Personal Accident Family Takaful plan
While we can try to be as careful as possible, the unexpected can occur without any warning or foreshadowing. In a blink of an eye, one’s life can be altered permanently. Prepare yourself for the financial needs to deal with such unexpected and painful events with PATINA2016.
PATINA2016 is a Standalone Personal Accident Family Takaful plan exclusively designed to meet your protection needs. It provides 24-hour coverage for Death due to all causes and injuries caused by accidents. This affordable Shariah-compliant product comes with several plans that you can subscribe to, depending on your age, gender and occupational class.
PATINA2016 Product Features and Benefits
PATINA2016 offers 24-hour financial coverage for death caused due to injuries from accidents. Apart from death benefit, it also provides coverage for Accidental Death & Dismemberment/Disablement, Broken Bones/Burns (per annum), medical reimbursement, weekly indemnity, ambulance fee, loyalty discount, daily hospital income, and much more.
1. Death Benefit – All Causes
It is paid in the event of death due to all causes and Sum Covered is payable depending on the plan chosen.
2. Accidental Death & Dismemberment / Disablement
It covers Death or Total and irrecoverable loss of use of bodily functions due to accident. It pays double of the Sum Covered on Death or Permanent Disability due to accident while the Person Covered is a passenger within any mechanically propelled non-aerial public conveyance over an established land route, in a public building or elevators.
3. Medical Reimbursement (per annum)
It provides a reimbursement of the medical expenses incurred and the treatment is received from a registered medical practitioner within 104 weeks after the occurrence of the accident.
4. Weekly Indemnity (per week, up to a maximum of 52 weeks, per accident)
It supplements the weekly income while the Person Covered is unable to work due to a temporary disability caused by accident.
5. Broken Bones / Burns (per annum)
It gives coverage from any broken bones or burns within 90 days from the date of accident.
6. Daily Hospital Income (per day, up to a maximum of 120 days per annum)
It provides a daily hospital income up to a maximum of 120 days per annum.
7. Ambulance Fee (per accident)
It reimburses the reasonable and customary charges incurred for necessary domestic ambulance services due to accident.
8. Alternative Medical Treatment (per accident)
It provides a reimbursement on the cost of post-hospitalisation alternative treatment including medicine incurred by the
Person Covered as a result of an accident.
9. Loyalty Discount
20% Loyalty Discount on annual contribution applies on 3rd Certificate year onwards provided the Certificate must be in force for the first 2 consecutive years.
This plan covers anyone from the age of 30 days old up to 70 years old. However, the Participant/Applicant must be at least 16 years old and above.
Zurich PATINA2016 is a Standalone Personal Accident Family Takaful plan exclusively designed to meet your protection needs. It provides 24-hour coverage for Death due to all causes and injuries caused by accidents. This affordable product comes with several plans to choose from, depending on your age, gender and occupational class. With 20% Loyalty Discount*, PATINA2016 is truly a must-have plan!
What is PATINA2016?
Zurich has your personal accidental protection takaful plans in Malaysia to suit your various needs. PATINA2016 is a standalone, personal protection plan that is designed to provides 24-hour coverage for Death caused by accidents. It is a Shariah-based takaful that offers financial protection for major and minor injuries as well.
How is PATINA2016 different from other Personal Sentinel V3 Plus?
Zurich PATINA2016 is a standalone personal accident takaful provides coverage for death, disability and minor and major injuries that can be caused from accidents, such as loss of sight, loss of fingers and toes, fracture of the hips, jaws, and much more.
Personal Sentinel Version 3 Plus Takaful is exclusively catered for different needs as well as budgets, and can be tailored as Individual or Group plan.
Are the contributions for PATINA2016 guaranteed?
The contribution rates are not guaranteed and the Company reserves the right to revise the contributions by giving the Certificate Holders 90 days written notice prior to the next Certificate Anniversary.
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.