Group Credit Takaful
Group Credit Takaful
GCT is a single contribution Takaful plan which provides coverage to pay off the outstanding financing amount based on reducing sum covered to financial institutions, cooperatives, GLC or license company which provide financing to their borrowers. This scheme covers in the event of death or becomes total and permanent disability (TPD) of the Takaful Participant (who is the borrower) with the option of additional funeral expenses riders.