FWD Takaful has recently launched FWD ADD Rider, an added coverage designed to provide benefits upon accidental death and dismemberment (ADD) including medical expenses, financial and mental health coverage. The rider also provides optional unique benefits to complement the main accidental coverage.
“We’re happy to launch another rider that can help our customers, including gig economy workers take care of their financial implications due to unforeseen situations, in addition to their basic takaful coverage. What’s more, FWD ADD Rider is currently our only takaful rider that offers mental health coverage. The best part is that customers will also have the flexibility to customise the rider by adding the optional benefits for more inclusive coverage at an affordable contribution rate” Salim Majid Zain, FWD Takaful’s Chief Executive Officer said.
Some of the main benefits of the FWD ADD Rider will cover customers and their family in the instances of accidental Death or Total and Permanent Disability (TPD) benefit pays 100% of the sum covered; Dismemberment benefit covers loss of use or loss of body parts due to an accident, depending on the severity of the injury; Triple Indemnity benefit pays 300% of the sum covered upon accidental death or TPD if the accident occurs in a public transport; Compassionate benefit provides an accidental death benefit amount of RM5,000 to help with funeral arrangements.
Optional benefits are available should they choose to maximise their accident coverage.
