HLTMT i-Save

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

• Assistance in times of misfortune In the event of Death, the amount of sum covered and the value of units in your Participant's Investment Account (PIA) will be paid to your beneficiary. For Total Permanent Disability (TPD), the same will be paid to you.
  
• Flexible contribution mode You can choose your mode of contribution payment that is either monthly, quarterly, half yearly or annually.
  
• Upon maturity You will receive the full value of your PIA units (based on the current unit price at the time of maturity).
  
• Easy withdrawal for greater financial flexibility The minimum amount you can withdraw is RM500 (subject to a minimum balance of RM3,000 to be maintained).
  
• Top up anytime you want The minimum top up is RM500.

Your Choice of Fund

• HLTMT i-Income Fund
  This fund aims to preserve capital and generate stable income by investing predominantly in Islamic debt securities and to a certain degree in equities.
  
• HLTMT i-Balanced Fund
  This fund targets medium to long-term capital growth as well as generates regular income through a diversified investment portfolio containing a mixed balance of Islamic debt securities and equities. Both funds are invested in accordance with Shariah principles.

Tabarru'

Tabarru', which means donation, gift or contribution is the underlying principle of the Takaful concept, making it free from uncertainty (gharar) and gambling (maisir).

A Tabarru' charge/fee will be deducted monthly from your PIA and transferred into a pooled fund, known as Risk Fund. This fund will be used to pay out Death or TPD benefits.

The Tabarru charges are varied by sum covered, attained age, occupation and medical rating (if any).

The Tabarru' rates may vary and HLTM Takaful will give three (3) months written notice to the participants before the revision.

Contribution Allocation

The contributions are allocated according to the certificate year and its corresponding percentages.

How will your contribution be invested?

After deducting wakalah fee, your contribution will be allocated in PIA to create units in your choice of either HLTMT i-Income Fund or HLTMT i-Balanced Fund.

The profits from these funds are based on the actual performance of the funds. As with all types of investments, our HLTMT i-Save plan also involves exposure to investment risks. This is because the value of HLTMT i-Save plan is linked to the unit price of an investment fund, which fluctuates in tandem with the unit price. When the unit price increases, the value of your investment will also increase and vice versa.

The investment risk of the investment fund will be borne solely by you and the benefits payable upon withdrawal may be less than the total contributions.

How will your contribution in the PIA and Risk Fund be invested?

How are surpluses, if any, from the Risk Fund treated?

What happens if the Risk Fund is insufficient to pay for the benefits?