How can I understand early repayment in a practical way? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How can I understand early repayment in a practical way?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Upon early repayment, the status of the takaful policy depends on its terms and the duration of coverage.

Request a written account of any refunds or settlements, rather than assuming the remaining premium is automatically refunded.

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