Takaful Nomination

Takaful Nomination is under the act of

• Takaful Act 1984

• IFSA 2013

• FSA 2013

• Insurance Act 1996

A takaful participant who has attained the age of ____ may nominate an individual to receive takaful benefits payable upon his death under the takaful certificate

• 10 years

• 16 years

• 18 years

• 21 years

A takaful participant may nominate their nominee as below EXCEPT

• Trustee

• Wasi

• Conditional Hibah

To named a nominee, below is the information required, EXCEPT

• Nominee name

• Nominee national registration identity card number

• Nominee Date of birth

• Nominee signiture

A nomination can be effected by the contract/certificate holder on ______, providing for payment of takaful benefits upon his/her death.

• his/her own life

• other people life

For the incompetent nominee with surviving parents, who receives the contract monies beneficially under a conditional Hibah, the Operator will pay eligible share to the _______, PROVIDED the relevant documentation proving parental relationship with the incompetent nominee is submitted to the Operator.

• surviving parent

• contingent owner

• guardian

• anyone

The takaful benefits payable to the nominee upon the death of the contract/certificate holder shall not form part of the estate of the deceased contract/certificate holder or be subject to his debt.

This best describe:

• Appointment of Beneficiary

• Appointment of Executor

• Appointment of Trustee

The nominee shall receive the contract monies under the takaful contract/certificate as a _______and shall distribute the contract monies in accordance with the will of the contract/certificate holder or the law relating to the distribution of the estate of the deceased persons as applicable to the contract/certificate holder.

• Beneficiary

• Executor

• Trustee

For conditional hibah, if any nominee dies after the death of the contract/certificate holder but before payment of any takaful benefits to him/her as a nominee the Operator shall pay the takaful benefits to the estate of the deceased ________.

• nominee

• contract holder

• witness

A contract holder may nominate ___________ under his contract.

• one person only

• more than one person