Hi bro

For you, Takaful is compulsory if you're Muslim. Opting for a conventional policy is a no no because of the Muslim distribution under faraid which conventional policy will not be able to help you pass 100% to the person you wish to gift.

You may consult your local life planner to get a professional advise.

hi sifus. one quick question here. Is AIA WHOLE LIFE PLUS conventional or takaful?

There is nothing to compare about between a Conventional and a Takaful policy for a Muslim.

It's straight forward,

1. Conventional insurance involves the elements of excessive uncertainty (gharar) in the contract of insurance;
2. Gambling (maysir) as the consequences of the presence of excessive uncertainty that rely on future outcomes
3. Interest (riba) in the investment activities of the conventional insurance companies;
4. Conventional insurance companies are motivated by the desire for profit for the shareholders;
5. Conventional system of insurance can be subject to exploitation. For example, it is possible to charge high premium (especially in monopolistic situations) with the full benefit of such over-pricing going to the company.

All which above Conventional will not be able to provide.

What you just said is really ignorant about the difference between a Takaful and a Conventional policy.
Never heard of such policy name, if you've bought it, you can check on the policy book which it will normally write whether it's a Takaful or non-Takaful policy.

we make the differentiation easier by putting "-i" behind the product name to differentiate whether it's takaful or conventional product.

Yes, I did say it is compulsory as I know many agent out there sold conventional policy to Muslims because they don't have a Takaful license, which is by right it's wrong because it's against their religion.

Doing so not only doesn't benefit them but it will also not fulfill their needs.

I will not give in to any discounts on any idea about Muslim buying conventional policy. PERIOD