Loss of life takaful plans
FWD Payor Lite Rider
Secure your family finances even you’re no longer able to commit to your takaful payments.
We know you work hard every day to contribute to your family’s future financial needs. This is why we designed an add-on to keep your takaful plan in place even after your passing or in the event of a total and permanent disability, as well as to aid the emotional needs of your family so their lives are not put on hold. With this add-on, enjoy the benefits of your takaful plan even when you are not able to pay your dues.
Available to participate via:
- FWD agents
Waiver of contribution benefit
Your regular contributions that become due to be paid will be waived under your certificate after you die, or become totally & permanently disabled.
Badal Hajj benefit
We will arrange to pay for Badal Hajj for you in case you died before having to perform Hajj with this add-on. For non-Muslims, we will pay RM 2,000 as a lump sum benefit.
Emotional and practical support to help your loved ones
To help your family get back on their feet, we will arrange up to 10 grief counselling for them under this policy add-on. We will also arrange and pay for up to three legal counselling sessions as advised by your administrator or executor. We will pay until the total amount reaches RM2,000.
Plan Benefits
Helpful note
Reach out to our financial advisors to get copies of the Product Disclosure Sheet (PDS), Benefit Illustration and the Certificate of the plan. FWD Takaful Berhad, Registration No. 200601011780 (731530-M) is a registered takaful operator under the Islamic Financial Services Act 2013, regulated by Bank Negara Malaysia.
Take up this rider with any of these products
Frequently asked questions
Want to know more about our products? Here's a few of our most commonly asked questions, and the answers that may help.
This rider provides protection benefits in addition to your certificate benefits. You need to pay a separate contribution to keep this protection in place.
We will waive all contractual contributions that become due to be paid under your certificate (not any other rider contributions or top-up contributions) from the date we approve a claim if any misfortune befalls you.
We will waive all contractual contributions that become due to be paid under your certificate (not any other rider contributions or top-up contributions) from the date we approve a claim if any misfortune befalls you.
We will waive your contractual contributions upon your death or total & permanent disability.
You need to pay your rider contributions along with your base plan contribution by the due date. We give you a 60-day grace period to pay:
- If your base plan does not have participants’ savings account and if you have not paid the full contribution amounts due, both your base plan and rider will terminate after the grace period.
- If your base plan has participants’ savings account then we will deduct the rider tabarru’ amount due from it after the grace period.
If you do not have enough funds in your participants’ savings account to pay for your rider and certificate tabarru', then both your base plan and your rider cover will end.
No. FWD Payor Lite rider does not cover critical illness.
You may opt for FWD Payor Rider for a certificate that covers critical illness.
You may opt for FWD Payor Rider for a certificate that covers critical illness.
Your contribution depends on the following criteria regarding the family members covered under the certificate:
- Age
- Occupation
- Payment frequency
- Gender
- Amount of coverage
- Term of coverage
- Smoker status Health status
The payment term for the rider is same as outstanding payment term for the base plan.
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FWD Takaful Berhad, Registration No. 200601011780 (731530-M)