Period of Takaful definition
Examples of Period of Takaful in a sentence
The Takaful Operator will pay the Participant a lumpsum cash as specified in the Certificate of Takaful, less any indebtedness against the Certificate, in the event of the Participant undergoing Major Surgery due to accident during the Period of Takaful.
The Takaful Operator will pay the Participant the Dengue and Malaria Daily Hospital Income Benefit as specified in the Certificate of Takaful for each twenty-four (24) hours that the Participant is confined in a Hospital during the Period of Takaful for the treatment of the Dengue and Malaria suffered, less any indebtedness against the Certificate.
The Takaful Operator will pay the Participant Double Accidental Daily Hospital Income Benefit as specified in the Certificate of Takaful for each twenty-four (24) hours that the Participant is confined in an Intensive Care Unit or Critical Care Unit during the Period of Takaful for the treatment of the Covered Bodily Injury sustained, less any indebtedness against the Certificate.
This cover may be renewed from year to year by mutual agreement between the Participant and the Takaful Operator, but in any case shall terminate in respect of any Participant at the end of the Period of Takaful during which that Participant attains the age of sixty-five (65) years.
The Takaful Operator will pay the Participant the Accidental Daily Hospital Income Benefit as specified in the Certificate of Takaful for each twenty-four (24) hours that the Participant is confined in a Hospital during the Period of Takaful for the treatment of the Covered Bodily Injury sustained, less any indebtedness against the Certificate.