What is the Zurich Takaful Term 80?
The Takaful Term 80 is a takaful term life protection plan for open to anyone and everyone, to ensure the financial safety of both yourself and your family in case of an unfortunate situation. In the event of your death or are permanently disabled, Zurich will proceed to pay you or your next of kin the full sum that you are assured for.
Unlike most insurance plans, this one will work for you up to the age of 80, hence the name. With a no claim benefit, you can also receive the sum assured upon the maturity of your policy.
How do I pay my premiums?
Well there are several ways for you to do just that. Besides making credit transfers at an ATM, you can now make online payments, or use the contactless payment on your debit card at any Zurich outlet.
Similarly, you can opt for an auto-debit feature or even talk to your employer about having a salary deduction for your insurance premiums.
Do I get a refund if I cancel my policy?
That would depend on when you choose to cancel your policy. There is a 15-day cooling period after picking up the policy, where you can decide that you don’t want the policy. Within this time period any premiums paid will be returned to you in full.
However, after this cooling period there is no guarantee that you will get all your money back. Please take note though, that to make a cancellation, you will need to submit a written notification to Zurich at least a month in advance.
Who can buy this term life policy?
Anyone over the age of 18 can chose to pick up this protection plan. Parents who want to pick it up for your kids they need to be at least 30 days old.
If you have any questions, give us a call at 03 9212 3118 for more info.