Takaful Products Quiz

What is the main principle of Takaful?

• Risk transfer

• Risk avoidance

• Profit maximisation

• Mutual cooperation

What are the two types of Takaful products?

• Short-term and Long-term Takaful

• Personal Accident and Mortgage Takaful

• Health Takaful and Motor Takaful

• General Takaful and Family Takaful

What is a key feature of General Takaful?

• It is a short-term policy

• It is a long-term policy

• It guarantees a fixed return

• It includes savings and investment

Which of the following is an example of Non-Motor Takaful?

• Marine Takaful

• Motor Takaful

• Personal Accident Takaful

• Health Takaful

What does the Tabarru’ account in Family Takaful represent?

• A savings account for participants

• A special account for donations

• An investment account

• A fund for underwriting surplus

What is the purpose of Education Takaful?

• To insure motor vehicles

• To cover personal accidents

• To save for children's education

• To provide health coverage

What type of coverage does Motor Takaful provide?

• Insurance for mortgage loans

• Health coverage for families

• Protection against vehicle loss or damage

• Coverage for personal accidents

What is a key benefit of Personal Accident Takaful?

• Protection against mortgage liabilities

• Coverage for vehicle theft

• Compensation for temporary disablement

• Investment in Shariah approved securities

What is required for a Takaful claim to be processed?

• The claim must be submitted after a delay

• The subject matter must be different

• The loss must be caused by a covered peril

• The contribution must be unpaid

Which of the following is NOT a feature of Family Takaful?

• Investment in Shariah approved securities

• Focus on savings and investment

• No coverage for death or disability

• Long-term policy