Insurance

What additional protection does the HSBC Homeowner Takaful Scheme offer me?

Subsidence and Land Slip (Compulsory for Flat/Condominium) - Subject to additional contribution

 

How much will the basic cover cost me?

It's for as low as RM11.08 for every RM10,000 sum covered under HSBC Homeowner Takaful Scheme

 

How much coverage do I need?

Your coverage amount should reflect the full cost of rebuilding your house.

 

What is "Takaful"?

Takaful is a mutual assistance scheme based on the spirit of cooperation and mutual principles, where all participants agree to assist each other financially in case of predefined events taking place. With this intention in mind, participants pay their contribution on the basis of tabarru’ (donation for specific purpose) to the Takaful Risk Fund managed by HSBC Amanah Takaful (Malaysia) Sdn. Bhd..

 

What additional benefits do I get from Takaful?

With Takaful, you have assurance and protection that financial assistance is available to you when you needed it most as provided by all participants for the common good. Your tabarru’ is your share of contribution and good deeds as it will be used to assist those who are in need of assistance, thus helping the community at large. As one of the participants, you shall be entitled to a share of the surplus according to your contribution. Any losses and liabilities shall be divided and spread according to a community pooling system, so no one can derive an advantage at the cost of others.

 

Who can apply for HSBC Homeowner Takaful Scheme?

HSBC Homeowner Takaful Scheme is offered exclusively to HSBC Bank Malaysia Berhad ("HSBC")'s Home Loan customers.

 

Who manages the HSBC Homeowner Takaful Scheme?

HSBC Homeowner Takaful Scheme is managed by HSBC Amanah Takaful (Malaysia) Sdn. Bhd. ("HSBC Amanah Takaful"), a member of HSBC Group of Companies.

In providing this service, HSBC will be remunerated by HSBC Amanah Takaful in form of commission of up to 10.50%.

Notes

This online brochure is for general information only and is not to be construed as a Takaful contract and no consideration has been to the particular circumstances or needs of any person. The exact terms, conditions, exclusions and definitions of the HSBC Homeowner Takaful Scheme are specified in the Takaful Certificate issued for the HSBC Homeowner Takaful Scheme.

The HSBC Homeowner Takaful Scheme is managed by HSBC Amanah Takaful. HSBC is an intermediary in arranging for this Scheme. All claims and liabilities arising from the Scheme should be made to HSBC Amanah Takaful.

The information contained in this is not intended to provide professional advice. Any interested party should obtain appropriate professional advice when necessary.

Whilst every care has been taken in preparing the information and materials contained in this online brochure, such information and materials are provided "as is" without warranty of any kind, either expressed or implied, In particular, no warranty regarding non-infringement, security, accuracy and fitness for a purpose is given in connection with such information and materials.

To the fullest extent permitted by law, in no event will HSBC be liable for any damages, including without limitation to direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this online brochure or use thereof.