Individual assignment
The transfer of Takaful benefits from certificate owner (Assignor) to another person or institution (Assignee). The Takaful benefit can be assigned partially or up to 100%.
Requirement:
If the assignee is individual:
- Individual assignment (PSF19) form with stamp duty
- Tax residency self-certification form (Individual) duly completed by the Assignee
- Both Assignor's and Assignee's clear copy of NRIC
If the assignee is company / organization:
- Individual assignment (PSF19) form
- Questionnaire for authorized person of the company
- Form 8 - Certificate of Incorporation for Public Company OR
- Form 9 - Certificate of Incorporation for Private Company
- Form 24 - Return of Allotment of Shares (Latest)
- Form 49 - Return giving particulars in register of directors, managers and secretaries and changes of particulars (Latest).
- Authorization letter from the company or resolution from Board of Directors for the appointed authorized person
- Clear copy of NRIC/passport of the authorized person
- Tax residency self-certification form (Entity) and Tax residency self certification form (Controlling person) - Pages 3 and 4
In the event of the death or Total and Permanent Disability of the ASSIGNOR the assigned benefits as stated in the form will be given to ASSIGNEE.