Group family Takaful

Definition of "Group family Takaful "

Group family Takaful is an insurance policy. These plans usually provide financial protection against death or permanent disability. Allows employees of an organization or members of a club, association or society to be protected under one plan. These plans include term life, medical and riders. There must be a minimum number of persons covered to qualify for these plans. The plans usually last for one year and can be renewed.