In a life insurance policy, where t

In a life insurance policy, where the risk occurs, the beneficiary shall have the right to claim whole amount named in policy. But, if in case the risk does not occur, the insured shall have the right to claim the policy value at maturity together with the interest if any. In a life takaful policy, on the other hand, if the risk occurs the beneficiary shall have the right to claim the policy value from the PSA (Participant’s Special Account) besides the accumulated entire amount from the PA (Participant’s Account). But, if in this category of policy, the participant survives at the maturity of the policy, his/her claim shall be confined within the amount available in the PA