Noor Employee Benefit
Group Family Takaful Plan provides cover to a group of persons under a common single master Takaful Certificate. The proceeds of the plan shall be payable to a proper claimant or person covered resulting from death or bodily injury either due to disease or accident.
The plan may be considered as a comprehensive type of takaful product since it covers death as well as other supplementary benefits which can be attached as riders benefit to the master certificate. The amount of cover may be tailored to the need and budget of the employer. The plan may be extended to cover dependents (i.e. spouse and children) of the employees.
The period of cover is on annual basis and renewable with the approval of the Company.
The plan may be used by employers and corporate bodies as part of the fringe benefits granted to their employees.
The following benefits are provided as riders benefit:-
- Permanent Total Disability (PTD),
- Accidental Death (AD),
- Permanent Partial Disability (PPD),
- Temporary Total Disability (TTD),
- Medical Expenses (ME),
- Critical Illnesses (CI),
- Terminal Illness (TI),
- In-Hospital Cash Allowance (HB),
- Funeral Expenses (FE),
- Repatriation Benefit (RB).
