* Maturity, surrender and income benefits payable from the unit portion of investment-linked takaful certificates or insurance policies are not protected under TIPS.
**Any claims by certificate or policy owners will be subject to the conditions and limits specified in their takaful or policy contracts.
Policy Owner: Mr. Tan
Policy Owner: Mrs. Tan
Amount insured (RM)
Death of Adam
Amount claimable under Mr Tan’s policies
RM200,000 (Policy 1)
Amount claimable under Mrs Tan’s policies (RM100,000 + RM50,000)
RM150,000 (Policy 4 and 5)
Total amount claimable under TIPS
Death of Mr Tan
RM500,000* (Policy 3)
PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.