Takaful Wanita - MAA
Takaful Wanita - MAA
Takaful Wanita - MAA
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You may also exercise a partial withdrawal at any time subject to a minimum withdrawal amount of RM500 and a minimum<br />
remaining balance of RM1, 000 in the PIA fund. A partial withdrawal fee of RM50 will be imposed for any withdrawal amount.<br />
<strong>Takaful</strong>ink <strong>Wanita</strong> gives you added flexibility to top-up on a regular basis with <strong>Takaful</strong> Saver, which starts from as low as RM50<br />
a month, whilst giving you 95% contribution allocation. In addition, you also have the flexibility to top-up your investment at<br />
any time with a minimum lump sump payment of RM1,000 also at 95% contribution allocation, less an additional RM25 fee.<br />
These top-up facilities are available to you to maximize your investment value.<br />
In addition, the Participant also will have the facility to switch all or some of the allocated units of the PIA fund in a particular<br />
<strong>MAA</strong> <strong>Takaful</strong> Shariah Funds to other Shariah funds, subject to fees and charges as prescribed in the certificates.<br />
6. How do I make a claim on the certificate?<br />
In the event of claim, please notify <strong>Takaful</strong> Operator in writing and we shall send the necessary claim forms. Written notification<br />
must be done within 90 days from the date of the incidents.<br />
7. Can I surrender my certificate?<br />
Yes, you can surrender your certificate. The 2 Participant Investment Account (PIA) value is payable when you surrender your<br />
certificate. The PIA value is not guaranteed. You will be deemed to have terminated your <strong>Takaful</strong> Benefit/Coverage and no<br />
benefits will be paid from the PRIA.<br />
8. Is there any surrender charge imposed on my certificate?<br />
No, there will be no surrender charges imposed on your certificate.<br />
9. What about valuation of unit price?<br />
The unit price is valued at the end of each business day. It is derived by dividing the Net Asset Value on the business day before<br />
the Valuation Date by the number of units in issue of the relevant <strong>MAA</strong> <strong>Takaful</strong> Shariah Funds.<br />
10. What are the extended benefits/riders that can be attached to <strong>Takaful</strong>ink <strong>Wanita</strong>?<br />
There are extended benefits/riders available to be attached to <strong>Takaful</strong>ink <strong>Wanita</strong>. You may refer to your consultant for further<br />
details.<br />
Note:<br />
2<br />
Participant Investment Account (PIA) value is based on the actual performance of the fund and it is not guaranteed.<br />
Exclusions<br />
1. 1 Exclusion for Death Benefit<br />
Death from suicide within one (1) year from the commencement date or date of increase in the Sum Covered, whichever is later,<br />
whether the Person Covered is sane or insane, shall limit the <strong>Takaful</strong> Operator’s liability to the Participant Investment Account value<br />
on the date of the death calculated according to the Unit Price on the immediate next Valuation Date following the date of death.<br />
2. 1 Exclusion for Total Permanent Disability Benefit<br />
a. Self-destruction or any attempt thereat while sane or insane;<br />
b. Armed forces service in time of declared or undeclared war or while under orders for warlike operations or restoration of public<br />
order;<br />
c. Entering, operating or servicing, riding in or on, ascending or conveyance except while the Person Covered is in an aircraft<br />
operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route.<br />
Note:<br />
1<br />
The above exclusions are not exhaustive and cross reference may be made to the exclusion clause of the Certificate<br />
Contract.