Takafulink Series

2

2. TAKAFULINK SERIES PRODUCT FEATURES

Basic Features Descriptions

1. Death Benefit

Pays the Basic Sum Covered plus the Participant Investment Account (PIA).
The certificate shall terminate upon payment of the Death Benefit.

2. Total & Permanent Disability
(TPD)

The TPD Benefit payable prior to age 65 shall be the Sum Covered plus the PIA.
The certificate shall terminate upon payment of the Death Benefit.

3. Maturity Benefit

Takafulink Pays the Maturity Benefit following the Person Covereds 80
th
birthday which
is equal to the Participant Investment Account.
The PIA value is linked to the performance of MAA Takaful Shariah Fund.
The certificate shall terminate upon payment by the Takaful Operator of the
Maturity Benefit.
Takafulink Education Pays the Maturity Benefit following the Person Covereds 25
th
birthday which
is equal to the Participant Investment Account.
The PIA value is linked to the performance of MAA Takaful Shariah Fund.
The certificate shall terminate upon payment by the Takaful Operator of the
Maturity Benefit.
Takafulink Hajj Pays the Maturity Benefit following the Person Covereds 80
th
birthday which
is equal to the Participant Investment Account.
The PIA value is linked to the performance of MAA Takaful Shariah Fund.
The certificate shall terminate upon payment by the Takaful Operator of the
Maturity Benefit.
Takafulink Wanita Pays the Maturity Benefit following the Person Covereds 80
th
birthday which
is equal to the Participant Investment Account.
The PIA value is linked to the performance of MAA Takaful Shariah Fund.
The certificate shall terminate upon payment by the Takaful Operator of the
Maturity Benefit.
Takafulink Series

3

Basic Features
Descriptions

4. Contribution Pause

The participants may opt to stop paying contributions and still enjoy the benefits of basic takaful as long
as there is sufficient PIA fund value to pay for Participant Risk Investment Account (PRIA) Contribution.
Commission is not paid during contribution pause.
Allocation Year DOES NOT move during contribution pause.

5. Surrender Value


Full Surrender may be made by redeeming units in PIA fund.
The surrender value of the certificate is the PIA fund value less any indebtedness.
The PIA fund value is not guaranteed and depends on the investment performance of the funds.
The certificate shall terminate upon payment by the Takaful Operator of the Surrender Benefit.

6. Contribution Re-direction

The choices of funds into which the contribution are directed can be changed without any fees.
Changes will take effect at the due date of the next modal regular contribution payment.


7. Conversion Option to
Takafulink

At the Maturity Date, the Person Covered has the option to continue the certificate with Takafulink Plan,
without any evidence of coverability.
This option must be exercised within (60) days of the Maturity Date of Takafulink for a Sum Covered
which is no greater than that under the original plan, otherwise evidence of coverability will be required.


8. Changes in Contribution
Amount


Change of contribution may be made subject to the minimum contribution and minimum and maximum
sum covered requirements.
Changes will take effect on the due date of the next modal regular contribution.

9. Changes in Sum Covered

Changes of sum covered may be made subject to minimum and maximum sum covered requirement.
Changes which exceed Non-Medical Limits will subject to underwriting requirement.
Changes will take effect on the due date of the next Tabarru.



2. TAKAFULINK SERIES PRODUCT FEATURES

Takafulink Series

4

Basic Features
Descriptions
10. MTOP Irregular one off top-up is allowed at certificate inception and at any time thereafter.
Minimum RM1, 000.
No Takaful Coverage.
95% Contribution Allocation.
Investment Fund may differ from the Basic Plan.
Credit Card charges will be at the prevailing rate.
Each Top-Up will incur a service charge of RM25 per transaction.
Please use MAA Takaful Additional Contribution (Top-Up) Application Form.
2.75% commission for every top-up.
11. Fund Switching Units may be switched to any other funds at anytime.
The minimum value of units that may be switched is RM500; or the entire units holding in that fund (s),
whichever is lower.
One free switching per year and thereafter with a processing fee of RM50.
The unused free switch cannot be carried forward to the next year.
12. Partial Withdrawal Partial Withdrawal may be made at any time subject to a minimum amount and minimum balance of PIA
fund value.
RM50 per withdrawal, subject to a minimum withdrawal amount of RM500.
Minimum Investment balance that must be maintained across all funds in PIA is RM1, 000.
13. Allocation of Contribution




















Certificate
Year
% of Contribution
(Agency Force)
% of Contribution
(Biro Angkasa)
1 40% 38%
2 50% 48%
3 70% 68%
4 70% 68%
5 85% 83%
6 90% 88%
Thereafter 100% 98%


2. TAKAFULINK SERIES PRODUCT FEATURES

Takafulink Series

5

Basic Features
Descriptions
14. Certificate Fee RM5 Monthly

15. Wakalah Tharawat Fee

The PIA fund is subject to a 1%-1.5% of Net Asset Value (NAV) as Wakalah Tharawat Fee.

16. Minimum Regular Contribution










MODE MINIMUM MODAL CONTRIBUTION
Monthly RM50
Quarterly RM150
Semi Annual RM300
Annually RM600
17. Maximum Regular
Contribution
No Maximum Limit but subject to underwriting approval
18. Product Codes

DISTRIBUTION CHANNEL TAKAFULINK TAKAFULINK
EDUCATION
TAKAFULINK
HAJJ
TAKAFULINK
WANITA
MAA Takaful Agent MTL1 MTED1 MTHAJ MTWAN
Biro Angkasa MTLP1 MTEDP1 MTHAJP MTWANP
Worksite MTLW1 MTEDW1 MTHAJW MWANW








2. TAKAFULINK SERIES PRODUCT FEATURES

Takafulink Series

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Basic features Description

19. Basic Commission
(For 20 years term certificate)













20. Entry Age (Last Birthday)






TAKAFULINK
SERIES
BASIC PLAN MINIMUM MAXIMUM
MTL1 Person Covered 30 days Age 69
Participant Age 18 No Limit
MTED1 Person Covered 30 days Age 69
Participant Age 18 No Limit
MTHAJ Person Covered 30 days Age 69
Participant Age 18 No Limit
MTWAN Person Covered Age 16 Age 69
Participant Age 18 No Limit






CERTIFICATE YEAR
1 2 3 4 5 6 TOTAL
Consultant 25% 25% 17% 17% 15% 15% 114%
Exec. Consultant 3.5% - - - - - 3.5%
Managing Consultant 5.4% 7.5% 4% - - - 20.9%
Chief Managing
Consultant
6.1% 7.5% 4% 4% - - 21.6%

2. TAKAFULINK SERIES PRODUCT FEATURES

Takafulink Series

7

Basic features Description
21. Expiry Age

TAKAFULINK SERIES PLAN EXPIRY
MTL1 Basic Up to Age 80
MTED1 Basic Up to Age 25
MTHAJ Basic Up to Age 80
MTWAN Basic Up to Age 80
22. Minimum & Maximum Sum
Covered Multiple Factors


Age
Sum Covered Multiple (SCM) Factors
Minimum SCM Factors Maximum SCM Factors
0 16 60
No Limit, subject to
Underwriting Approval
17 25 55
26 35 50
36 45 35
46 55 25
56 69 15

Example:
Age: 30, Male.
Annual Contribution: RM1,200
So, Minimum Sum Covered: RM1,200 x 50 (Min. SCM Factors) = RM60,000







2. TAKAFULINK SERIES PRODUCT FEATURES