PruBSN Anugerah. Always by your side.

Transcription

1 PruBSN Anugerah Always by your side.

2 PruBSN Anugerah Take the first step to protect yourself from life s unpredictable moments while you enjoy your spontaneous adventures without worry with PruBSN Anugerah, an affordable and simple plan crafted with all your needs in mind. Ideal as a starter takaful plan, you can build up your protection with add-on riders and customise your plan as you proceed to achieve the most comprehensive protection designed just for you. Affordable Ensure your family is taken care of should the unforeseen happen from as low as RM50 per month. Customisable Add on riders to your basic plan to receive comprehensive coverage. Choose from a selection of riders that offers medical and health protection from hospitalisation to Critical Illnesses. Simple A straightforward plan that offers you protection based on the coverage period chosen and contribution paid. PRODUCT FEATURES Death Benefit Total & Permanent Disability (TPD) Benefit Entry Age Benefit Term Contribution In the event of death before expiry of the term, we will pay the higher of: Basic Sum Covered ; or Total amount in the Individual Special Account (ISA) In the event of TPD, we will pay the Sum At Risk. Note: The sum at risk is the amount by which the basic sum covered exceeds your ISA balance. If there is no excess of sum covered over your ISA balance, then the sum at risk shall be zero. TPD coverage is up to age 70 and subject to a maximum of RM4 million per person covered. 1 to 70 age next birthday. Note: For expiry age 70, maximum entry age is 60 age next birthday. Choose to be covered up to age 70 or 100. Minimum Sum Covered is RM25,000 Maximum Sum Covered is subject to underwriting The contribution is based on your selection of basic sum covered, benefit term and contribution frequency (monthly, quarterly, semi-annually or annually). Contribution rate will vary according to entry age, gender, smoking status, occupational class, expiry age and health conditions.

3 CUSTOMISE YOUR PROTECTION Get a comprehensive coverage in the event of medical requirements, Critical Illnesses and Total & Permanent Disability. Medic Protector Crisis Protector Income Protector This rider provides financial Features support in the event of hospitalization and surgery or selected outpatient treatment and you will also receive high coverage on selected Critical Illnesses. This rider pays a lump sum amount upon diagnosis of any of the 36 critical illness. Your basic sum covered will not be affected by the payment of this benefit. This rider pays an annual sum covered (income) upon the covered person's diagnosis of a critical illness or Total Permanent Disability within the age of 70 and below. Payment of annual benefit is on each anniversary of claim until the expiry age, or the death of the covered person, whichever earlier. CHARGES AND DEDUCTIONS Upfront Wakalah Charges This charge allows us to pay commission and distribution related expenses as well as management expenses. The percentage shown below is based on the contribution term of 20 years or more. For term less than 20 years, you may refer to the Plan Illustration. Certificate Year Upfront Wakalah Charge 75% 60% 40% 35% 20% 20% 0% Note: The above upfront wakalah charges are applicable for PruBSN Anugerah and its attachable riders except for Medic Protector. For Medic Protector upfront wakalah charges, please refer to Medic Protector brochure. Wakalah Certificate Charges This charge is to cover the administration cost of your certificate. The Wakalah Certificate Charge for all frequency of payments are as follows: Yearly Half-Yearly Quarterly Monthly RM60 RM30 RM15 RM5

4 Tabarru' Tabarru is deducted monthly from your ISA into the Tabarru Fund for your takaful coverage. The Tabarru for takaful coverage varies by age, gender, smoking status, occupation class, medical rating, and the sum at risk. The Tabarru will increase as you grow older. Tabarru means a donation of a specified portion from the contribution into the Tabarru Fund for the purpose of mutual aid and assistance among fellow participants according to the agreed benefits under the plan. Note: If there is no excess of sum covered over your ISA balance, then the sum at risk shall be zero. Hence, no Tabarru deduction. Tabarru deduction for all the optional riders and Wakalah Certificate Charge is subject to Good and Services Tax (GST) based on an amount equivalent to its prevailing rate. IMPORTANT NOTES 1. This brochure does not form a contract between you and Prudential BSN Takaful Berhad (PruBSN). For more details on this plan and its optional riders, please refer to the Plan illustration and Product Disclosure Sheet before participating in the plan. 2. The returns from your ISA, if any, will be based on the actual performance of the funds and it is not guaranteed. 3. The risk of investment is borne solely by you and the benefits may be less than your total contributions paid. 4. If you cease or miss paying contribution, your coverage might lapse prematurely. Your certificate will lapse if the amount in ISA is not enough to pay for the Tabarru and other charges. 5. The contribution and Tabarru rates and other charges are not guaranteed. PruBSN reserves the right to revise the contribution, Tabarru rates and/or other charges by giving a written notice of 90 days and 30 days for Medic Protector. 6. For PruBSN Anugerah, you are entitled to tax relief in respect of your contribution up to RM6,000. Any tax relief is subject to terms and conditions of Inland Revenue Board (IRB). 7. PruBSN Anugerah is based on Wakalah-Mudarabah model, which is an arrangement for PruBSN to manage your takaful plan in return for the charges as stated above. Your contribution will be placed in the ISA after deducting an upfront wakalah charge. The takaful protection (equivalent to sum at risk) comes from the Tabarru Fund. In addition, the Mudarabah concept is applied which allows any investment profit arising from the ISA to be shared between PruBSN and yourself. You will receive 80% of the investment profit, while we will receive the balance of 20%. Your share of the profit will be placed back into your ISA. If there is an investment loss arising from the ISA, these losses will be solely borne by the participants. 8. PruBSN Anugerah does not provide any benefit amount from the Tabarru Fund on termination, expiry or maturity of the certificate. 9. You are entitled to receive any distributable surplus from the Tabarru Fund inclusive of investment profit (if any). Together with other participants, you are entitled to 50% of the surplus and PruBSN will receive the balance of 50% as incentive for managing the Tabarru Fund. Your portion of the distributable surplus will be placed back into your ISA. The exact amount of distributable surplus will be determined annually and is subject to approval by both the Shariah Committee and the Board of Directors of PruBSN.

5 10. You should satisfy yourself that the plan serves your needs and that you can afford the contribution. Note: More details of the coverage and benefits of the optional riders can be found in the Product Disclosure Sheet which should be read carefully before you decide to take up the plan. EXCLUSIONS PruBSN Anugerah does not cover any of the following situations: 1. Death caused by suicide within one year from the date of certificate. 2. TPD which is directly or indirectly caused by attempting suicide or self-inflicted bodily injuries while sane or insane. 3. Committing or attempting to commit a criminal offence by the Covered Person such as drugs or stimulator abuse, or their complications. 4. War or aggressive acts, including invasions, acts of foreign countries, enemy s acts (whether with or without war declaration), civil wars, insurrections, revolutions, riots, interference by military authorities or usurpation. 5. Engaging in professional sports, scuba diving, racing of any kind, aerial flights other than as a crew member of or as a fare-paying passenger on a licensed passenger-carrying commercial aircraft operating on a regular scheduled route or any dangerous activities or sports (including bungee jumping, hang-gliding, ballooning, parachuting and sky-diving), unless we agree in a special endorsement. 6. Any pre-existing condition that were not disclosed to us in relation to the Covered Person's health status. This is applicable within twelve (12) months from the date the certificate becomes effective. Any pre-existing conditions that were not disclosed to us after the twelve (12) months will be handled in accordance with Schedule 9 of the Islamic Financial Services Act The exclusion and limitations stated above are not exhaustive and you should refer to the certificate document for further information.

6 PruBSN Anugerah is a Shariah-compliant product. Prudential BSN Takaful Berhad is a registered Takaful Operator under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia. For more information /enquiries, please contact: PRUDENTIAL BSN TAKAFUL BERHAD ( H) Level 8A, Menara Prudential, No. 10, Jln Sultan Ismail Kuala Lumpur customer@prubsn.com.my SMS PruBSN and send to Important: You must ensure that you are satisfied that this product will best serve your needs and that the contribution payable under the certificate is an amount that you can afford. All information is correct at the time of print. Printed November 2017.