Takaful Wanita - MAA

About MAA Takaful
Experience and Expertise
MAA Takaful Berhad is a result of a strategic joint venture between MAA Holdings Berhad (MAAH) and Solidarity Company BSC (C) of
Bahrain, one of the leading companies in the Arab world.
On 21 st February 2006, a Joint Venture (JV) Agreement was signed with Solidarity, to form a JV company called MAA Takaful to carry on
the Takaful business.
On 3 rd March 2006, Bank Negara Malaysia granted approval for a new Takaful license for the joint venture of MAAH and Solidarity. On
2 nd May 2006, MAA Takaful was incorporated with a paid up capital of RM100 Million and licensed on 1 st July 2007 as a composite
Takaful Operator. Today, MAA Takaful has an agency force of over 12,000.
MAAH holds 75% equity interest in MAA Takaful while Solidarity holds 25%.
MAAH is listed on the Main Board of Bursa Malaysia Securities Berhad. Its subsidiaries and associated companies are involved in general
and life insurance businesses, including offshore and reinsurance businesses, hire purchase, leasing and other credit facilities, unit trust,
property management, fund management and investment advisory, security and consultancy services and the operation of charitable
dialysis centres. Over the years, MAAH has expanded its operations into Indonesia, Philippines and Thailand through MAA International
Assurance Ltd, the offshore insurance arm of the Group.
Takaful Regulations
The Takaful industry in Malaysia is regulated under the Takaful Act 1984 and is supervised by Bank Negara Malaysia. Takaful Operators
are required to follow strict compliance with Shariah, Statutory and Regulatory requirements.
a. This is a Takaful product and it is designed in line with Shariah principles.The funds are MAA Takaful Shariah Growth Fund, MAA
Takaful Shariah Balanced Fund, MAA Takaful Shariah Income Fund and MAA Takaful Shariah Flexi Fund.
b. The investment risk of the PIA fund will be borne solely by the Participant and the benefits may be less than the total contributions
made to the investment fund.
c. The benefits of the investment fund will be based on the actual performance of the fund and it is not guaranteed. The fund values are
dependent on prevailing market values and the underlying investment performance of the respective funds. Past performance may
not be a reliable guide to future performance, which may be different.
d. If you find the product unsuitable for whatever reason, you have the right to return the certificate under the clause of free-look period/
cooling off period to the Takaful Operator within fifteen (15) calendar days from the date of delivery of your certificate document. The
Takaful Operator shall refund:
(i) the unallocated contributions;
(ii) value of units that have been allocated (if any) at the unit price at the next valuation date; and
(iii) any takaful charges and policy/certificate fee that have been deducted; less expenses which may have been incurred for the
medical examination of the life insured/participant.
e. You should satisfy yourself that this plan can best serve your needs and that the contributions payable under this certificate are the
amount that you can afford. The contributions payable under this certificate are guaranteed.
f. The Asset Allocation on each of the MAA Takaful Shariah Funds may vary depending on the fund manager’s outlook and in the event
of unfavorable market conditions, which will be positioned to benefit from potential capital growth and preserving the unit holder’s
investment returns.
g. A purchase of a Takaful plan is a long-term commitment and it is not advisable to hold the certificate for a short period of time in
view of the high initial costs.
h. It is advisable for a Participant to buy a Single Contribution Investment-Linked Plan if the annual contribution paid is above RM5,000.
i. A contribution holiday may lead to the possibility of the certificate to be lapsed if the Tabarru’ amount is higher than the value in the
Participant Investment Account.
j. A Participant who is buying too many unit deducting riders may deplete the value in the Participant Investment Account.
k. If you terminate the certificate in the early years, you may get back less than the amount that you have paid in.
l. This brochure merely provides a brief information in relation to Takafulink Wanita Plan. It is never intended to be a basis of a takaful
certificate or contract. The information contained in this brochure maybe changed without prior notice. For further details of terms
and conditions, please refer to the certificate documents and sales illustration.
m. If the consultant discontinues to be operating under Takaful Operator, the Takaful Operator will appoint a new consultant to transmit
the future contribution to the Takaful Operator for the affected customer.
n. If your contributions are not paid by the due date, your tabarru’ amounts will be automatically deducted from your Participant
Investment Account into the Participant Risk Investment Account, until the Participant Investment Account is insufficient at which
time the certificate shall lapse. A Grace Period of thirty-one (31) days from the due date will be allowed for you to make a payment.
MAA Takaful Berhad, 8th Floor, No. 566, Jalan Ipoh, 51200 Kuala Lumpur.
Sign Up Now / Sertailah Sekarang
For personal assistance, please contact your nearest MAA Takaful consultant. For further enquiries, please call us at
603 6287 6666 or fax to 603 6259 0088 or e-mail us at info@maatakaful.com.my
Untuk bantuan peribadi, sila hubungi perunding MAA Takaful yang berhampiran anda. Untuk pertanyaan selanjutnya, sila hubungi
kami di 603 6287 6666 atau faks ke 603 6259 0088 atau e-mel kami di info@maatakaful.com.my