Syarikat Takaful Malaysia Keluarga (Takaful Malaysia) has launched Kaotim Legasi, an affordable Hibah (conditional gift) takaful plan with high coverage of up to MYR2 million.
Kaotim Legasi is a plan offered through the Kaotim digital platform from as low as MYR30 per month through a simple online enrolment process. It is tailored to protect Malaysians from the unforeseen impacts of financial risks and unexpected events, sparing their loved ones from financial hardships.
Mr Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia, said, “Since the successful launch of our digital platform and brand, Kaotim and Kaotim MediKad plan in November last year, we have been delighted with the positive response. This success has paved the way for the introduction of Kaotim Legasi, the latest addition to our product offering under the Kaotim brand.”
Kaotim Legasi is a Hibah takaful plan that allows policyholders to nominate their loved ones to receive compensation in the event of their passing or diagnosis with a total and permanent disability. This plan is highly recommended for those seeking to ensure their loved ones are financially supported in the face of life’s uncertainties and to meet other future financial needs.
“You can subscribe to Kaotim Legasi as a gift to anyone, whether heirs or not, because this plan is not subject to inheritance distribution. It serves as an income replacement if you are no longer fit to work due to disability or critical illness. Hence, Kaotim Legasi is the right choice to ensure your loved ones are not burdened during challenging times by using the plan’s compensation to settle debts and living expenses until they find alternative sources of income.” said Mr Nor Azman Zainal.
Additionally, Nor Azman highlighted that the benefits of the Hibah takaful plan can be used for children’s education in the event of an unfortunate incident affecting the primary provider or breadwinner. He also noted that subscribers to Kaotim Legasi can claim tax relief for life insurance and takaful, making it a practical and beneficial choice for financial planning, reported Citizens Journal.