Pri-TI (Takaful / Insurance Trust)

PRI-TI is a trust created from Takaful/Insurance proceeds where the owner appoints as-Salihin Trustee Berhad as an assignee through an Absolute Assignment and to act as trustee (“Trustee”) to receive Takaful/Insurance proceeds (“Trust Fund”). The Settlor shall set up a Trust Deed to determine the terms and conditions for the administration of the Trust Fund.

The purpose of an Absolute Assignment is to ensure the Trustee receives the Trust Fund upon the death, total permanent disability or any other disabilities covered by the policy and distributes the Trust Fund according to the terms and conditions stated in the Trust Deed for the benefit of the policy owner and/or any specific beneficiaries.

The Objectives of PRI-TI

Protect

The right of policy owner and his beneficiary(s) are safeguarded.

Control

The Policy owner may determine the usage and distribution of the Trust Fund according to his wishes.

Manage

The Trust Fund is to be managed professionally by a competent trust corporation.

Benefits of Pri-TI

Why Let Others Determine Distribution of Your Assets When You Depart?

You have the right to choose the administrator of your estate and its plan of distribution upon your demise.

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