Takafulink is based on the Wakalah Model where the Takaful Operator deducts
a charge from the contributions before allocation/crediting into the PUA, ISA
and IUA. For certificate/rider term 20 years or more, the agreed schedule is
as per below:
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If the term is less than 20 years, the Takaful Operator will reduce the charge accordingly and allocate higher percentage into your PUA and ISA.
A part of the Wakalah charge will be used for agents’ commission and other distribution related expenses.
Other charges include:
Service Charge
• This is for certificate servicing expenses that are debited from PUA.• RM5 payable monthly
Asset Management Charge
• Comprises of the investment management expenses for the PUA and IUA.• The charges are levied daily based on the corresponding PUA fund value and reflected in the unit price.
• For each Takafulink Fund, the charge is as below and is subjected to revision in future:
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Risk Management Charge
• 30% of the gross Tabarru will be deducted every month. This is the charge for risk management of Tabarru’ Fund.Tabarru’
• Represents the amount that the participant willingly relinquishes in order to help contribute to the benefits for all participants who are entitled to the benefits.• Levied monthly based on your age, gender, smoking status, occupation class (if applicable) and sum covered.
* The above fees and charges may vary from time to time with a 90 days’ notice given.
