Takaful Wanita - MAA
Takaful Wanita - MAA
Takaful Wanita - MAA
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1<br />
Wakalah Fee<br />
Certificate Year<br />
2<br />
Wakalah Fee<br />
1 60%<br />
2 50%<br />
3 30%<br />
4 30%<br />
5 15%<br />
6 10%<br />
Thereafter 0%<br />
Note:<br />
1<br />
Wakalah Fee shall mean the fee charged by the <strong>Takaful</strong> Operator as an agent of the Participant for managing the operations<br />
of the <strong>Takaful</strong> business.<br />
2<br />
Additional 2% will be added to the Wakalah Fee above for payment under BIRO ANGKASA.<br />
There are no charges on full surrender of the plan. A partial withdrawal or full surrender of an investment plan may be made by<br />
redeeming the available units in PIA. The PIA value will fluctuate based on the underlying performance of the <strong>MAA</strong> <strong>Takaful</strong> Shariah<br />
fund(s) and it is not guaranteed.<br />
The fees and charges are subject to changes from time to time, initiated by the <strong>Takaful</strong> Operator. The <strong>Takaful</strong> Operator maintains the<br />
right to revise the fees and charges by giving Participants a 3-month notice in writing prior to the certificate anniversary.<br />
<strong>Takaful</strong>ink <strong>Wanita</strong> Contribution Allocation<br />
The contributions paid are allocated based on the following allocation rates (example based on annual contribution of RM1,000)<br />
Year 1 2 3 4 5 6 Thereafter<br />
Contribution Amount (RM) 1,000 1,000 1,000 1,000 1,000 1,000 1,000<br />
Contribution Allocation 40% 50% 70% 70% 85% 90% 100%<br />
Allocated Contribution (RM) 400 500 700 700 850 900 1,000<br />
Wakalah Fee (RM) 600 500 300 300 150 100 0<br />
The allocated contributions will be used to purchase units in the <strong>MAA</strong> <strong>Takaful</strong> Shariah Funds of your choice. In the example above,<br />
in year 5, RM850 will be used to purchase units, of which some of these units will be deducted to pay for the fees and charges under<br />
the certificate. The Wakalah Fee represents the unallocated contributions for <strong>Takaful</strong>ink <strong>Wanita</strong>.<br />
Frequently Asked Questions<br />
1. Am I eligible to be covered by this plan?<br />
All women from the age 16 to 69 years old are eligible to be covered under this plan.<br />
2. When will my coverage begin?<br />
Your coverage will take effect upon <strong>Takaful</strong> Operator’s approval of your application together with the payment of contribution.<br />
A certificate of <strong>Takaful</strong> will be issued to all successful Participants.<br />
3. How much is the contribution?<br />
<strong>Takaful</strong>ink <strong>Wanita</strong> can be yours for as little as RM50 a month or RM600 a year. You have the flexibility to pay the contributions<br />
in monthly, quarterly, half-yearly or annually.<br />
4. How do I pay my contribution*?<br />
You can pay your contribution through convenient and various methods such as Cash, Cheque, Credit Card, Easy Pay (Credit<br />
Card Auto Debit), <strong>MAA</strong> ATM Machine, Over-the-Counter (<strong>MAA</strong> Branches or Head Office), BSN Giro, Biro Angkasa, Bank<br />
Standing Instruction, Salary Deduction and Internet Banking.*Please refer to your consultants for further details.<br />
5. What are the available options?<br />
You may opt to stop paying your regular contribution under a contribution holiday and still enjoy the protection of <strong>Takaful</strong>ink<br />
<strong>Wanita</strong> as long as there is sufficient PIA value to pay for 1 Tabarru’. If the PIA value becomes zero, the <strong>Takaful</strong> Coverage shall<br />
automatically terminate.<br />
Note:<br />
1<br />
Tabarru’ shall mean a donation and it is the amount that the Participant agrees to relinquish to assist other Participants who<br />
are participating in the <strong>Takaful</strong> plan to pay for the <strong>Takaful</strong> Benefits.