Pri-TI Trust
A specialized trust to ensure your policy proceeds are managed professionally and distributed exactly as you intend.
What is Pri-TI?
Pri-TI is a specialized trust vehicle designed for your Takaful or Insurance policies. In this arrangement, the policy owner assigns absolute rights to as-Salihin Trustee Berhad, appointing them as the Trustee to receive the policy proceeds (the "Trust Fund").
Simultaneously, the policy owner executes a Trust Deed. This document explicitly sets the terms and conditions governing how the Trust Fund is to be administered and distributed.
Purpose of Assignment
The core purpose of this Assignment of Absolute Rights is security. It guarantees that upon the policy owner's death or confirmation of Total Permanent Disability (or other covered disabilities), the proceeds are paid directly to the Trustee. The Trustee then distributes these funds strictly according to the Trust Deed, benefiting either the policy owner (during incapacity) or the designated beneficiaries.
Objectives of Pri-TI
Three pillars of security for your policy proceeds.
Protection
Safeguarding the financial rights and future of the Policy Owner and their family members.
Control
Retaining the power to dictate exactly how the funds are utilized and distributed according to your wishes.
Management
Ensuring professional, orderly administration by an experienced Trust Company.
Why Establish a Pri-TI?
Key advantages for liquidity, speed, and security.
Support During Incapacity
Funds are accessible for the policy owner's benefit upon confirmation of Total Permanent Disability (TPD) or covered illness.
Prevent Mismanagement
Funds are managed by a reputable Trust Company, preventing misuse, family disputes, or breach of trust.
Flexible Utilization
The Trust Fund is utilized strictly according to the customized terms and conditions defined by the policy owner.
Outside Faraid
Funds are not subject to Faraid or Estate Administration. Execution is immediate based on the trust deed.
Creditor Protection
The Trust Fund is generally protected from creditor claims (subject to the Insolvency Act 1967).
No Court Order
Bypasses the need for a court order (Probate/LA) to claim the monies, ensuring rapid access to funds.
Secure Your Policy Proceeds Today
Ensure your Takaful and Insurance benefits serve their true purpose without delay or dispute.