How does the Takafulink plan work for me?
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| For your protection We’ll help you plan the level of protection suitable for you by guiding you through all elements of the Takafulink plan. |
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Who can take up the Takafulink plan?
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| Anyone between 19 and 60 years old can take up the plan. You can also take up the plan. You can also take up this plan for your child who is under 19 years of age. |
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How do I start?
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| First, determine your protection needs, such as your basic cover and other optional and supplemental benefits. Then, decide on an affordable amount to set aside every month. |
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What Are The Charges6?
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.
Important notes:
not a pure investment product such as unit trusts.
• The certificate will not provide benefit amount from Tabarru’ Fund on
termination, expiry or maturity of the certificate.
• The benefits of the investment fund will be based on the actual performance
of the fund and it is not guaranteed.
• The investment risk of the investment fund will be borne solely by the
certificate owner and the benefits may be less than the total contributions
contributed to investment fund.
• Should you wish your takaful coverage to continue in the event that you stop
making contributions to this plan, it is important that you give us your consent
to deduct Tabarru’, Service Charge and Risk Management Charge for Optional
Benefits (if any) and Supplementary Benefits (if any) from your accounts.
Without this consent the Optional Benefits and/or any Supplementary Benefits
you have chosen will cease even if there are sufficient units in your respective
accounts.
Disclaimer
| This brochure is a brief description only. For exact details of terms and conditions, please refer to your certificate document. You should satisfy yourself that this product will serve your needs and that the contribution payable under the certificate is an amount you can afford. |
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How does Takaful Pelindung work for me?
This is a yearly renewable Takaful Personal Accident plan that ensures you are secured through trying periods in your life. |
Am I eligible for the Takaful Pelindung Plan?
You are eligible if you are between 18 to 65 years old.
How much is the contribution that I have to pay?
| The amount of contribution will depend on the selected plan and the classification of your occupation. You are also required to pay RM10 for the stamp duty of the certificate. |
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