|
HLTMT i-Save
Duration of Contract |
Up to age 80 next birthday |
Entry
Age
(Next birthday) |
| |
Minimum:
30 days
|
|
|
Maximum:
60 years old |
|
| Minimum Contribution |
RM100 per month |
| Sum
Covered |
| |
Minimum:
5x Annual Contribution |
|
|
Maximum: 50x Annual Contribution |
|
What would be the acceptance procedure to participate?
You are required to fill in an Application Form. However, HLTM Takaful may require additional information from you if deemed necessary. This may include medical examination, the cost of which, will be borne by us.
Charges/ Fees
Wakalah fee on contribution:
| Year |
1 |
2 |
3 |
4 |
5 |
6 |
7 onwards |
% of Contribution |
58.00 |
47.00 |
32.50 |
32.50 |
22.50 |
22.50 |
3.50 |
Other charges:
Administrative Charge |
RM5 per month |
Top Up Charge |
RM25 per top up |
Wakalah Fee on Top Up |
5% of top up amount |
Partial Withdrawal Charge |
RM50 per withdrawal |
Surrender Charge |
1 st year = 5%,
2 nd year = 4%,
3 rd year = 3%,
4 th year = 2%,
5 th year = 1%,
6 th year onwards = 0% |
| Fund Management Fee |
HLTMT i -Income Fund : 1.00%
HLTMT i - Balanced Fund : 1.25% |
Note: The above fees and charges are the current charges. HLTM Takaful may vary the rates by giving three (3) months written notice to the participants before the revision.
Exclusions to the coverage
No benefit shall be paid if:
- Death is due to or arising from suicide or attempted suicide and/or other causes prohibited by civil and criminal laws and/or by Shariah. Under such circumstances, only the value of your PIA at the time of Death will be payable.
- TPD is due to AIDS or the influence of intoxicants.
For the full details of the exclusion list, please refer to your certificate contract.
Notes:
- For cases of ceasing contribution, your certificate will remain in force, as long as your PIA value is enough to cover the Tabarru' deduction. If any contribution remains unpaid after the PIA amount becomes insufficient to advance any Tabarru', the Certificate shall lapse.
- This certificate will lapse if the PIA value at unit price is less than or equal to zero.
- You should satisfy yourself that the plan best serve your needs and the contribution is an amount you can afford.
- This leaflet is merely for brief information and is not intended to be the basis of a Takaful contract. The information contained in this leaflet may change without prior notice. The precise benefits, terms and conditions and other details of coverage are set out in the Takaful Certificate.
- In the event of any dispute or ambiguity arising out of the Bahasa Malaysia translation, the English version shall prevail.
|
