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Takaful Nomination

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Takaful Nomination is under the act of

a)

Takaful Act 1984

b)

IFSA 2013

c)

FSA 2013

d)

Insurance Act 1996

2.

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

a)

10 years

b)

16 years

c)

18 years

d)

21 years

3.

A takaful participant may nominate their nominee as below EXCEPT

a)

Trustee

b)

Wasi

c)

Conditional Hibah

4.

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

a)

Nominee name

b)

Nominee national registration identity card number

c)

Nominee Date of birth

d)

Nominee signiture

5.

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

a)

his/her own life

b)

other people life

6.

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.

a)

surviving parent

b)

contingent owner

c)

guardian

d)

anyone

7.

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:

a)

Appointment of Beneficiary

b)

Appointment of Executor

c)

Appointment of Trustee

8.

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.

a)

Beneficiary

b)

Executor

c)

Trustee

9.

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 ________.

a)

nominee

b)

contract holder

c)

witness

10.

A contract holder may nominate ___________ under his contract.

a)

one person only

b)

more than one person