Family Takaful Category 1: Life and annuity

Takaful Contracts on human life or contracts to pay annuities on human life, but excluding (in each case) contracts within Family Takaful Category 3.

Family Takaful Category 2: Marriage and birth

Takaful Contract to provide a sum on marriage or on the birth of a child, being contracts expressed to be in effect for a period of more than one year.

Family Takaful Category 3: Linked long term

Takaful Contract on human life or contracts to pay annuities on human life where the benefits are wholly or party to be determined by references to the value of, or the income from, property of any description (whether or not specified in the contracts) or by reference to fluctuations in, or in an index of, the value of property of any description (whether or not so specified).

Family Takaful Category 3: Permanent health

Takaful Contract providing specified benefits against risks of Persons becoming incapacitated in consequence of sustaining injury as a result of an accident or of an accident of a specified class or of sickness or infirmity, being contracts that:

(1) are expressed to be in effect for a period of not less than five years, or until the normal retirement age for the Persons concerned, or without limit of time; and

(2) either are not expressed to be terminable by the Takaful Operator, or are expressed to be so terminable only in special circumstances mentioned in the contract.