TAKAFULIFE SERIES LATEST - MAA

TAKAFULIFE SERIES
TAKAFULIFE SERIES consists of 2 unique Family Takaful Regular Contribution Plan which is Takafulife
87 & Takafulife 88 that focuses on protection with a savings element and mature upon reaching the age
of 88 years.
Take the necessary precautions to protect your family and ensure that the
future is yours. Choose TAKAFULIFE SERIES and we’ll take care of the rest!
Why Choose TAKAFULIFE SERIES?
• 24-hours protection with worldwide coverage.
• Level 3 contribution until maturity.
• Provides guaranteed 4 coverage until the age of 88 years old.
• Affordable contribution.
• Payment channel : Salary Deduction through Biro Angkasa, Auto Debit Deduction (RHB Bank,
Maybank, CIMB Islamic Bank / CIMB Bank, Bank Islam Malaysia Berhad and BSN), Cash, Cheque
Credit Card, Easy Pay, (Credit Card Auto Debit), Bank Standing Instruction and Internet Banking.
• Provide security to your family.
• Contributions paid are entitled for annual income tax relief in addition to your other Takaful
Life Insurance policies. Tax relief per individual is up to a maximum of RM6,000 per
year, subject to the decision of the Inland Revenue Board (IRB).
• Surplus Sharing – every Participant is entitled to share the surplus if any, from the Risk Fund with the
Takaful Operator based on a 50 : 50 sharing ratio.
What are the Benefits of TAKAFULIFE SERIES?
Benefits TAKAFULIFE 87
TAKAFULIFE 88
Death Benefit
TPD Benefit
Maturity
Benefit
Cash
Withdrawal
Benefit
4 4
In the event of Death, the Sum Covered or the In the event of Death, the Sum Covered plus the
2
2
Participant Investment Account (PIA) value, Participant Investment Account (PIA) value, will
whichever is higher will be payable to the be payable to the Participant’s nominees
Participant’s nominees
1
1
Should TPD occur before the age of 74, the Should TPD occur before the age of 74, the
4 2
4 2
Sum Covered or the Participant Investment Sum Covered plus the Participant Investment
Account (PIA) value, whichever is higher will be Account (PIA) value, will be payable to the
payable to the Participant.
Participant.
• You will receive the maturity benefit which is
2
equal to the Participant Investment Account
(PIA) value following the Person Covered’s
88th birthday.
• There will be no benefit paid from the Risk
Fund
• Withdrawal can only be made after the
certificate is in force for at least 3 years.
RM50 fee will be imposed per withdrawal.
• The minimum amount eligible for withdrawal
is RM1,000 and subject to the minimum
2
Participant Investment Account (PIA) balance
of RM3,000.
• You will receive the maturity benefit which is
2
equal to the Participant Investment Account
(PIA) value following the Person Covered’s
88th birthday.
• There will be no benefit paid from the Risk
Fund
• Withdrawal can only be made after the
certificate is in force for at least 3 years.
RM50 fee will be imposed per withdrawal.
• The minimum amount eligible for withdrawal
is RM1,000 and subject to the minimum
2
Participant Investment Account (PIA) balance
of RM3,000.
Note : 1 TPD –Total Permanent Disability
2
Participant Investment Account (PIA) value is based on the actual performance of the fund and it is
not guaranteed. The investment risk in PIA is borne by Participant.
3
Contribution is anticipated to be level until maturity and it is not guaranteed.
4
Sum Covered for Death and TPD is guaranteed, given that PIA balance is to pay for
tabarru’ deduction to the Risk Fund. In the event of in the Risk Fund, it would be met through
Qardhul Hassan (interest free loan) from the Takaful Operator.