Malaysia legislation
Section 78A
Section 78A
For the purposes of this Chapter—
(a)
“value of that life policy” means the value as may be prescribed under subsection 83(3);
(b)
“value of that family takaful certificate” means the value as may be prescribed under subsection 83(2); and
(c)
“takaful contribution” means the amount payable by a certificate owner to a takaful operator under a takaful certificate and includes any remuneration for the functions and duties assumed by the takaful operator.
Payment in respect of protected benefit