PruBSN WarisanPlus:
The Best Hibah Plan for Your Family

Hibah is an act of giving and refers to the transfer of ownership of something specific from a donor (Wahib) to the recipient (Mawhub lahu) without any conditions.

According to Schedule 10 of the Islamic Financial Services Act 2013, as a takaful participant, you can nominate an individual to receive your takaful benefits as an executor or as a beneficiary under conditional hibah upon your passing. This option to nominate a beneficiary via conditional hibah is a special provision to ensure your loved ones receive your benefits without having to go through lengthy inheritance procedures or wait for it to be distributed as part of your estate along with your other assets.

The benefits of conditional hibah in takaful
When you nominate a beneficiary under conditional hibah, your takaful death benefits will automatically be excluded from faraid (the division of assets and property according to the Islamic law of inheritance) upon your passing. This can be a complex process that often takes time. By nominating a beneficiary, you can ensure your loved ones receive the benefits of your takaful certificate without needing to go through lengthy inheritance procedures.

Under conditional hibah, however, you can make them the recipient of your takaful certificate’s death benefits which will exclude those same benefits from your estate distribution. This gives your nominee direct access to your death benefits, enabling them to use the funds as they deem fit.

Alternatively, you can also leave your hibah to an executor, who will then be responsible for distributing your takaful death benefits according to faraid.

Leaving a hibah to your family can give you significant peace of mind, especially knowing that your loved ones will be taken care of and will not be financially burdened by your passing. Your family, too, will be grateful for the financial buffer to support them while they get back on their feet.

The best hibah benefit with PruBSN WarisanPlus
If you’re looking for a comprehensive high protection plan that includes death benefits that can be gifted to your loved ones as hibah, as well as accidental coverage, look no further than PruBSN WarisanPlus.

This takaful plan was designed with the intention of providing security and assurance for you with your loved ones in mind. With a minimum contribution of only RM100 per month, you will have access to a minimum coverage amount of RM350,000* in the event of your death or should you suffer total and permanent disability. Additionally, certain circumstances of your passing due to an accident will increase your death benefit coverage, such as:

• Receive 200% of your coverage amount in the event of your death by an accident,

• Receive 300% of your coverage amount if you pass away in public transportation, and

• Receive 400% of your coverage amount if your death occurs outside of Malaysia**.

Hibah can provide for and protect your family and loved ones for a long time, even when you are no longer able to.

More than just hibah
Besides a generous minimum coverage amount, PruBSN WarisanPlus also includes several benefits such as:

• A compensation of RM5,000 to RM10,000 upon the diagnosis or hospitalisation from a unique infectious disease such as measles, SARS or the Nipah virus.

• An RM3,000 khairat benefit to aid in your funeral expenses.

• Increase your cash value with potential returns through investment opportunities via seven different types of Investment-linked Funds with varying degrees of risk.

• Customise your takaful plan by opting for additional riders including critical illness coverage, Hajj or Umrah coverage, contribution payment coverage and more.

• 20 years of coverage or opt for an age-based expiry date of up to 100 years old.

• Payment flexibility with contribution terms of 5, 10 or 20 years, or go for a full coverage term.

• Do good and help others via the Ihsan rider, which enables you to provide poverty-stricken families with basic family takaful coverage from only RM5 a month.

Start participating in PruBSN WarisanPlus
Becoming a PruBSN WarisanPlus participant is truly hassle-free. It is even available to children as young as 14 days old, with a maximum age of 70 for new participants.

PruBSN WarisanPlus is not just for Muslims but is also available to non-Muslims. Non-Muslims can also nominate a loved one to receive their takaful death benefits under conditional hibah, or it can be distributed through an executor who will need to follow the Probate and Administration Act 1959 [Act 97].

The unexpected can happen at any time, so plan your legacy today with PruBSN WarisanPlus and nominate your loved ones as beneficiaries of your conditional hibah. Help your family survive the emotional pain and potential financial hardship of losing you by leaving them a little gift to smoothen their journey into the future.

For further information about PruBSN WarisanPlus, contact any of our Takaful Agents today!

* Certificate holders under 18 years of age has access to a minimum coverage amount of RM250,000.

** Terms and conditions apply.