HLTMT i-Grad

How can you and your family benefit from HLTMT i-Grad?

• Assistance in times of misfortune

In the event of Death or TPD, the amount of sum covered and the amount in your child's PA will be paid to your beneficiary.

• Flexible contribution mode

You may choose your mode of contribution payment either monthly, quarterly, half yearly or annually.

• Accumulated Savings

Upon maturity of the Certificate, your child will receive the total amount of his/her PA.

• Easy withdrawal for greater financial flexibility

In providing you with greater financial flexibility, you are allowed to make withdrawals at a minimum amount of RM500, provided the Certificate has been in force for at least three (3) years.

• Back to School benefits

Enjoy our Back to School benefits. In easing your finances, you are entitled to a RM 100 per year. This benefit is payable starting from your child's next birthday of 8 years till 18 years old, provided the Certificate has been in force for at least one (1) year.

• Exam benefits

At HLTM Takaful we believe your child is an achiever. In motivating your child to excel in his/her studies, HLTM Takaful rewards excellent academic achievements starting from primary school up to university level. The exam benefits are as following:

*The benefit is payable once the Certificate has been in force for at least one (1) year.

• Payor Benefit Rider (PBR)

In the event of the payor's death or if payor is suffering from TPD within the Certificate period, all future contributions shall be waived until the maturity date.

• Tax Exemption

Tax exemption is permissible up to a maximum of RM 3,000. Exemption is subject to the approval of the Inland Revenue Board Malaysia (LHDN).

Contribution Allocation

Contributions are allocated according to the certificate year. The allocation to PA ranges from 10% to 96.5%.

How will your contribution in the PA and PSA be invested?

Both funds will be invested in compliance with Shariah principles. The investment profits shall be kept in respective funds.

How are surpluses, if any, from the PSA treated?

Any surplus exceeding reserves may be donated by HLTM Takaful to selected charities as advised by our Shariah Advisory Committee.

What happens if the PSA is insufficient to pay for the benefits?

HLTM Takaful will provide a benevolent loan (Qardh Hasan) to ensure continued solvency of the PSA to pay the benefits. This financing will be repaid in time from emerging surpluses that may arise in the PSA in subsequent periods.