Takaful Wanita - MAA

1
Wakalah Fee
Certificate Year
2
Wakalah Fee
1 60%
2 50%
3 30%
4 30%
5 15%
6 10%
Thereafter 0%
Note:
1
Wakalah Fee shall mean the fee charged by the Takaful Operator as an agent of the Participant for managing the operations
of the Takaful business.
2
Additional 2% will be added to the Wakalah Fee above for payment under BIRO ANGKASA.
There are no charges on full surrender of the plan. A partial withdrawal or full surrender of an investment plan may be made by
redeeming the available units in PIA. The PIA value will fluctuate based on the underlying performance of the MAA Takaful Shariah
fund(s) and it is not guaranteed.
The fees and charges are subject to changes from time to time, initiated by the Takaful Operator. The Takaful Operator maintains the
right to revise the fees and charges by giving Participants a 3-month notice in writing prior to the certificate anniversary.
Takafulink Wanita Contribution Allocation
The contributions paid are allocated based on the following allocation rates (example based on annual contribution of RM1,000)
Year 1 2 3 4 5 6 Thereafter
Contribution Amount (RM) 1,000 1,000 1,000 1,000 1,000 1,000 1,000
Contribution Allocation 40% 50% 70% 70% 85% 90% 100%
Allocated Contribution (RM) 400 500 700 700 850 900 1,000
Wakalah Fee (RM) 600 500 300 300 150 100 0
The allocated contributions will be used to purchase units in the MAA Takaful Shariah Funds of your choice. In the example above,
in year 5, RM850 will be used to purchase units, of which some of these units will be deducted to pay for the fees and charges under
the certificate. The Wakalah Fee represents the unallocated contributions for Takafulink Wanita.
Frequently Asked Questions
1. Am I eligible to be covered by this plan?
All women from the age 16 to 69 years old are eligible to be covered under this plan.
2. When will my coverage begin?
Your coverage will take effect upon Takaful Operator’s approval of your application together with the payment of contribution.
A certificate of Takaful will be issued to all successful Participants.
3. How much is the contribution?
Takafulink Wanita can be yours for as little as RM50 a month or RM600 a year. You have the flexibility to pay the contributions
in monthly, quarterly, half-yearly or annually.
4. How do I pay my contribution*?
You can pay your contribution through convenient and various methods such as Cash, Cheque, Credit Card, Easy Pay (Credit
Card Auto Debit), MAA ATM Machine, Over-the-Counter (MAA Branches or Head Office), BSN Giro, Biro Angkasa, Bank
Standing Instruction, Salary Deduction and Internet Banking.*Please refer to your consultants for further details.
5. What are the available options?
You may opt to stop paying your regular contribution under a contribution holiday and still enjoy the protection of Takafulink
Wanita as long as there is sufficient PIA value to pay for 1 Tabarru’. If the PIA value becomes zero, the Takaful Coverage shall
automatically terminate.
Note:
1
Tabarru’ shall mean a donation and it is the amount that the Participant agrees to relinquish to assist other Participants who
are participating in the Takaful plan to pay for the Takaful Benefits.