Takaful Plans: Takaful plans come with a risk-involved, surplus sharing model. As it is, your surplus and accrued savings depend on the returns of your chosen investment fund. These policies also take longer terms. If you plan to save for Hajj/Umrah or another pilgrimage over time, takaful plans are better for you. However, if you’re already all booked and ready for your journey, a short-duration travel insurance cover will be much more beneficial.
Waiting Period: Don’t wait too long to get your insurance. Select one as soon as your travel plans are confirmed. The sooner you buy the more coverage you get.
Individual vs Family: If you’re traveling with a companion or family, it’s better to get a group travel insurance that provides comprehensive coverage to each member of your family. Coverage can be taken for a spouse, and 4 children.
For more information on how unit-link plans work, click here.