Investment-Linked Takaful

PRODUCT DISCLOSURE SHEET TAKAFULINK FLEXI

(Read this Product Disclosure Sheet before you decide to Date : 30 Aug 2014
participate the Takafulink Flexi. Be sure to also read
the general terms and conditions.)
1. What is this product about?
Takafulink Flexi is a regular contribution Investment-Linked Takaful (ILT) plan that offers both protection and investment benefit. It pays a
lump sum death benefit if the Participant dies or totally and permanently disabled during the term of the certificate and the value of the investment
units, at the time of claim. A proportion of the Participant's regular contributions are allocated to buy units in any of the MAA Takaful Shariah Funds
of the Participants choice.
The value of Takafulink Flexi certificate depends on the price of the underlying units, which in turn depends on the performance of your chosen
fund.
There are 3 options available for the customer upon inception which are Takafulink Flexi with Flexible Term, Takafulink Flexi with *Increasing Basic
Sum Covered and Takafulink Flexi with *Decreasing Basic Sum Covered.
Takafulink Flexi with Flexible Term offers flexible coverage term. The Participant may choose a coverage term whereby the certificate matures
before Person Covered age 80. We offer flexible terms of coverage with choice of terms from 20 years until expiry of 80 years old. On the maturity
of the plan, the Participant Investment Account (PIA) is payable.
Note:*Please refer to Riders for Takafulink Flexi for further explanation.
2. What are the Shariah concepts applicable?
Takaful
Based on the concept of Takaful, participants will contribute to the PRIA as tabarru (donation), where it will be used for mutual aid and assistance.
Wakalah
MAA Takaful operates under the principal of Wakalah, whereby the Takaful Operators acts as an agent to the Participant for managing the
operations of the Takaful business. A Wakalah fee will be charged up-front from the contribution paid for their services as approved by the
regulatory authorities.
Tabarru is a donation where the participants agree to pay their contribution, to a special account known as the Participant Risk Investment
Account (PRIA). The contribution will be used to help other covered persons in times of misfortune.
Surplus arising (if any) from the PRIA at the end of each financial year will be shared between the participants and MAA Takaful Berhad
on 50:50 ratio based on Hibah principle.
The investment profit earned on the Participant Investment Account (PIA) is derived from the return on underlying assets and MAA Takaful Berhad
charges a Wakalah Tharawat Fee (Fund Management Fee) for managing these assets. 100% of investment profit earned, net of tax, less the
aforementioned Wakalah Tharawat Fee will remain in PIA, with no further sharing to MAA Takaful.
The investment risk in PIA is fully borne by the Participant.
3. What are the covers / benefits provided?
This certificate will cover against:
Death - RM 300,000 plus PIA balance at the time of claims.
Total and Permanent Disability (TPD) - RM 300,000 plus PIA balance at the time of claims.
Death coverage is until the age of 80 years old while the TPD coverage is up to the age of 70 years old.
Takaful coverage will cease if one of the above claim is made.
Funds chosen for PIA:
100% MAA Takaful Shariah Growth Fund 0% MAA Shariah Growth 2
0% MAA Takaful Shariah Balanced Fund 0% MAA Shariah Balanced 2
0% MAA Takaful Shariah Income Fund 0% MAA Shariah Income 2
0% MAA Takaful Shariah Flexi Fund 0% MAA Shariah Flexi 2
Reminder: Please read the brochure/product illustration which includes product benefits and objectives of the investment linked fund.
It is important to select a fund or a combination of funds that suit your financial goals and risk profile.
3.1 Riders for Takafulink Flexi (applicable if the box is ticked):
Rider
Code
Name of Rider Benefit Description
MT46P Critical Illness Plus This rider is accelerated on the BASIC certificate. It covers 46 types of diseases/treatments.
46 A portion or 100% of the rider sum covered will be payable on first diagnosis of a dread disease.
MT46S Critical Illness This rider provides additional lump sum coverage in the event that the Person Covered dies or sustains
Super 46 Total & Permanent Disability (TPD) or diagnosed to be suffering from dread disease except Carcinoma
in situ without affecting your basic certificates death and TPD. It covers 46 types of diseases/
treatments. A portion or 100% of the sum covered of MT46S will be payable on first diagnosis of
of a dread disease.
MTJCI Juvenile Critical The rider is accelerated on the BASIC certificate. It covers 8 types of juvenile diseases/treatments.
Illness 100% of the rider sum covered will be payable on first diagnosis of a dread disease
(except for a Juvenile Lien).
MTIAI2 Improved Accident Improved Accident Indemnity is a rider that matures up to age of 70 years old. This rider provides a
Indemnity 2 comprehensive death or injuries resulting within 365 days after the occurrence of the accident.
There are 5 types of coverage:
1. Accidental Death & Dismemberment
2. Temporary Disability Indemnity
3. Permanent Disability Indemnity
4. Medical Expenses
5. Double Indemnity

MTFB Family Benefit

MTKP Khusus Protection Funeral Expenses (Khairat Kematian) of RM2,000.This benefits is payable within 24 hours of
presentation of claim supported by certified copy of Police Report and Death Certificate.
Upon full approval of death claim, an additional benefit of RM5,000 is payable on death, where the
beneficiery has the option to use the benefit for the purpose of:
1. Repatriation Benefit - Transportation of the mortal remains of the person covered back to Malaysia.
2. Ziarah - Cost incurred in funeral/flight/hotel etc for person covered's family to arrange for funeral
outside Malaysia.
3. Other purposes
MTZP Ziarah Protection This rider provides 100% of the rider sum covered to be payable in the event of Death or Total
and Permanent Disability due to accidental causes.
200% of the Rider Sum Covered is payable if Accidental Death or Total and Permanent Disability
occurs in Saudi Arabia (Max RM200,000)
MTWI Wanita Illness This rider provides 12 types of benefits which is Female Yearly Medical Check-up, Female Cancers
Protection (Breast, cervix, uteri,Fallopian Tube, Ovary, Uterus,Vagina/Vulva), Female Carcinoma In-situ
(Breast and Cervix Uteri), Systemic Lupus Erythematosus (SLE) with Lupus Nephritis, High Grade
Squamous Intraepithelial Lesion (HSIL) With Severe Dysplasia, Fibroid , Ovarian Cyst, Facial
Reconstructive Surgery (above the neck) Due To Accident, Breast Reconstructive Surgery Due To
Accident and Cancer, Skin Grafting Due To Burns and Skin Cancer, Fractures Due To Osteoporosis
and Rheumatoid Arthritis with Complication
MTGW Golden Wanita This rider provide coverage for a permanent disability (lasting for a minimum of six (6) months to
Protection perform at least three (3) of the Activities of Daily Living.
MTMP Maternity This rider provides 5 types of coverage for woman maternity protection.
Protection 1. Newborn Allowance
2. Hospitalisation Benefit Due to Complication Arising from Pregnancy
3. Death Due to Childbirth
4. Pregnancy Complication
4. Infant Congenital Illness
MTHBR2 Hospital Benefit 2 Hospital Benefit is a rider that provides coverage up to age of 70 years old. This rider provides the
customers a daily income benefit when they are admitted to the hospital. The benefit will be paid for
the period during the Person Covered is hospitalized and for not more than 120 days per annum.
MTHSR Hospital & Surgical This rider provides coverage based on period of confinement to a licensed hospital due to illness or
Benefit injury occurring more than 30 days after the issue date or date of reinstatement:
Upon acceptance of Proof of Hospitalisation, the Takaful Operator will pay:
Hospitalisation in Govermnent Hospitals and Purchased Daily Benefit for period of
Government licensed private hospitals in Hospitalisation (up to 500 times the
Singapore, Malaysia and Brunei. Daily rate of Compensation)
Hospitalisation in Hospitals other than those 50% of the Purchased Daily Benefit
stated above for period of Hospitalisation (up to 500
times the Daily rate of Compensation)
Surgery & Anesthetic Fee As charged (subject to the limit of 30 times
the daily rate for each operation and to an
overall limit of 500 times the daily rate of
compensation.
PRxxx This rider provides a card based comprehensive medical coverage which offers the Person Covered
hospital admission benefits and covers the medical bills upon discharge, subject to terms and conditions.
This rider covers up to 80 years old and provides Funeral Expense benefit of RM5,000.
10MTPB Payor Benefit Payor Benefit rider allows waiver of contribution in the event the contributor dies, becomes
totally and permanently disabled or is diagnosed with 46 dread diseases.
MTWD46 Waiver of Principal This rider provides for the waiver of contribution of the basic certificate when the person
Contribution on 46 covered is diagnosed to be suffering from any one of the 46 dread diseases
Critical Illness
10MS46
MTWS46
10MJPB
10MJ46
MTIB Increasing Basic
Sum Covered
MTDB Decreasing Basic
Sum Covered
4. How much contribution do I have to pay?
The total contribution that you have to pay and the certificate terms may vary depending on the underwriting requirements of the Takaful Operator.
Takaful Operator allocates a portion of the contribution to purchase units in the investment-linked fund that you have chosen.
Any unallocated amount will be used to pay wakalah fees, which include commissions to consultants and other expenses of the Takaful Operator.
You are advised to refer the allocation rates given in the product illustration
Please refer to Takafulink Flexi Sales Illustration for your exact contribution amount. The minimum contribution is set at RM 50 for monthly
mode of payment or RM 600 annual mode of payment.
The applicable modes of payment are monthly, semi annually, quarterly and annually.
Your estimated annual contribution is RM 6,200.00 and your contribution term will be 47 years.
Starting from the second certificate year, the Sum Covered will decrease at a rate of 1% per annum of
the initial Basic Sum Covered. The decreasing pattern will cease once the Sum Covered reaches 50% of
the initial Basic Sum Covered. Thereafter, the Basic Sum Covered remains at the 50% level till maturity.
SmartMedic 200

Starting from the second certificate year and until maturity, the Sum Covered will increase at a rate of
1% per annum of the initial Basic Sum Covered.

Payor's Spouse on
Saver Benefit

Waives all future saver contributions in the event the participant's spouse dies or becomes totally and
permanently disabled (TPD) or is diagnosed with any one of the 46 dread diseases covered under this
rider prior to the expiration of coverage of 10 years or age 65 for TPD

This rider provides for the waiver of saver contribution when the person covered is diagnosed to be
suffering from any one of the 46 dread diseases.
Waives all future contributions in the event the participant's spouse dies or becomes totally and
permanently disabled (TPD) or is diagnosed with any one of the 46 dread diseases covered under this
rider prior to the expiration of coverage of 10 years or age 65 for TPD

Payor on Saver
Benefit
This rider will pay a fixed amount of coverage in the event of the death of Family Members of the Person
Covered. The fixed amount payable is RM2,000 for each person which comprises of 1 legal spouse and
any 4 children.

Payor's Spouse
Benefit
Waiver of Regular
Saver Contribution
on 46 Critical
Illness
Waives all future saver contributions in the event the participant dies or becomes totally and permanently
disabled (TPD) or is diagnosed with any one of the 46 dread diseases covered under this rider prior to the
expiration of coverage of 10 years or age 65 for TPD
5. What are the fees and charges I have to pay?
Wakalah Fee
Wakalah Fee
1 60%
2 50%
3 30%
4 30%
5 20%
6 20%
Thereafter 0%
Total 210%
Note 1: You are advised to refer to Sales Illustration for other charges.
Note 2: *The Fee incurred is not an additional deduction from the contribution to pay the commission. It is part of the Wakalah Fee.
Other Charges
Tabarru : Based on age, gender, Basic Sum Covered and any additional loading if necessary.
Certificate Fee : RM6 per month for all methods of contribution payment.
Switching Fee : FREE switching throughout the certificate years.
Reinstatement Fee : RM50 per reinstatement.
Wakalah Fee Regular & Irregular : 5% of the Regular & Irregular Top-Up amount.
Top-Up
Service Fee Irregular Top-Up : RM25 for every Irregular Top-Up.
Wakalah Tharawat Fee : 1% to 1.5% per annum, determined based on the weighted average of
(Fund Management Fee) total gross assets of each MAA Takaful Shariah Funds.
Surrender Charge : NIL
Partial Withdrawal Fee : RM50 per withdrawal
The tabarru' are deducted monthly from the value of your units. The tabarru' will increase as you grow older. Details of your tabarru'
and other charges for this product is given in the product illustration.
6. What are some of the key terms and conditions that I should be aware of?
Importance of disclosure - you must disclose all material facts such as medical condition, and state your age correctly.
Cash value - the cash value of the Investment-Linked Fund (ILT) depends on the performance of the investment-linked funds selected.
The higher the level of Takaful coverage selected, the more units will be absorbed to pay for the tabarru charges and the fewer units will
remain to accumulate cash values under your certificate.
Lapse of certificate The ILT certificate will lapse when the value of investment units is insufficient to pay for the tabarru and other charges.
Free Look Period - you may cancel your ILT by returning the certificate within 15 calendar days after you have received the certificate. The Takaful
Operator will refund to you the unallocated contributions, the value of units that have been allocated (if any) at unit price at the next valuation
date and any tabarru charge and certificate fee that have been deducted less any medical fee incurred.
Note:
This list is non-exhaustive. Please refer to the certificate contract for the terms and conditions under this certificate
7. What are the major exclusions under this certificate?
Exclusion for Death Benefit
Death from suicide within one (1) year from the commencement date or date of increase in Face Amount, whether the Person Covered
is sane or insane, shall limit the Takaful Operators liability to the Participant Investment Account value on the date of death calculated
according to the Unit Price on the immediate next Valuation Date following the date of death.
Exclusion for Total and Permanent Disability Benefit
a. Self-destruction or any attempt thereat while sane or insane;
b. Armed forces service in time of declared or undeclared war or while under orders for warlike operations or restoration of public order;
c. Entering, operating or servicing, riding in or on, ascending or descending from or with any aerial device or conveyance except while the
Person Covered is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established
passenger route.
In the event of death or TPD of the Person Covered prior attaining the age of four (4) years at last birthday, the amount payable under the
Certificate shall be in accordance with the following schedule:
Note:
This list is non-exhaustive. Please refer to the certificate contract for the full list of exclusions under this certificate.
8. Can I cancel my certificate?
Participating in a Family Takaful plan is a long-term financial commitment. If you do not pay your contributions within the grace period,
your certificate may lapse. The cash amount that the Takaful Operator will pay you when you cancel the certificate before the maturity
period will be much less than the total amount of contribution that you have paid.
Participating in a regular contribution ILT is a long-term financial commitment. It is not advisable to hold this certificate for a short
period of time in view of the high initial costs. If you find that the fund that you have chosen is no longer appropriate, you have the
flexibility to switch fund. You are allowed one switch per year without any fee. For additional switches, you may be charged a
processing fee. There will be free switching throughout the certificate years.
0%
Certificate
Year
*Commission
% of Contribution
15%
40%
60%
25%
Age of Death/TPD (Last
Birthday)
Percentage (%) of Sum
Covered Payable
160%
15%
25%
40%
80%
100%
0 Year
1 Year
2 Year
3 Year
4 Year
20%
40%
9. What are the available options?
You may opt to stop paying your regular contributions and still enjoy the protection of Takafulink Flexi as long as there is sufficient PIA value to
pay the tabarru. In the event of insufficient PIA value to pay for the tabarru, the certificate shall lapse. The certificate can be reinstated and
subject to a reinstatement fee of RM50.
Takafulink Flexi gives you added flexibility to top-up on a regular basis with Takaful Saver Regular Top-up, which starts from as low as RM10 a
month, whilst giving you 95% contribution allocation. In addition you also have the flexibility to top-up (Irregular Top-up) your investment at any
time with a minimum a lump sum of RM500 also at 95% contribution allocation, with an additional RM25 fee. These top-up facilities are available
to you to maximize your investment value.
In addition, the Participant will also have the facility to switch all or some of the allocated units of the Investment Account in a particular
MAA Takaful Shariah Funds to other Shariah Funds, free of charge.
You may exercise partial withdrawal at any time subject to a minimum withdrawal amount of RM500 and a minimum balance of RM1,000 in the
PIA fund subject to partial withdrawal fee of RM50.
At the Maturity Date less than 70 years old, you will have the option of continuing your coverage up to age 80, without any evidence of coverability.
This option must be exercised within 60 days of the maturity date for a basic sum covered no greater than that under the existing certificate.
Otherwise, evidence of coverability will be required.
10. What do I need to do if there are changes to my contact details?
It is important that you inform us of any changes in your contact details to ensure that all correspondences reach you in a timely manner.
11. Where can I get further information?
Should you require additional information about investment-linked Takaful, please refer to Takafulink Flexi Brochure or you may refer
to the insuranceinfo booklet on Investment-linked Takaful, available at all our branches or you can obtain a copy from the Takaful agent
or visit www.insuranceinfo.com.my.
If you have any enquiries, contact us at:
MAA Takaful Berhad,
8
th
Floor,
No. 566 Jalan Ipoh,
51200, Kuala Lumpur.
Tel: 603 6287 6666
Fax: 603 6259 0088
E-mail: [email protected]
12. Other similar types of plan available
Not Available
IMPORTANT NOTE:
THIS IS A TAKAFUL PRODUCT THAT IS TIED TO THE PERFORMANCE OF THE UNDERLYING ASSETS, AND
IS NOT A PURE INVESTMENT PRODUCT SUCH AS UNITS TRUSTS. YOU MUST EVALUATE YOUR OPTIONS
CAREFULLY AND SATISFY YOURSELF THAT THE INVESTMENT-LINKED PLAN CHOSEN MEET YOUR RISK
APPETITE, AND THAT YOU CAN AFFORD THE CONTRIBUTION THROUGHOUT THE CERTIFICATE
DURATION. TO INCREASE INVESTMENT VALUE AT ANY TIME, IT IS ADVISABLE THAT YOU PAY THE
ADDITIONAL CONTRIBUTIONS AS TOP UPS. RETURN ON AN INVESTMENT-LINKED FUND IS NOT
GUARANTEED.
The information provided in this disclosure sheet is valid as at 31/12/2014.