This document summarizes the PruBSN UmmahLink takaful plan, which allows customers to save and invest monthly contributions while receiving life and medical protection. The plan includes a CashBuilder feature that provides cash payouts every two years that can be used to fulfill various life goals. Customers have the option to accumulate payouts for higher future value or transfer amounts to their Tabung Haji account. The plan also includes investment opportunities through Takafulink funds and a chance to win prizes through lucky draws. The document provides details on eligibility, contribution amounts, charges, and benefits included in the plan.
This document summarizes the PruBSN UmmahLink takaful plan, which allows customers to save and invest monthly contributions while receiving life and medical protection. The plan includes a CashBuilder feature that provides cash payouts every two years that can be used to fulfill various life goals. Customers have the option to accumulate payouts for higher future value or transfer amounts to their Tabung Haji account. The plan also includes investment opportunities through Takafulink funds and a chance to win prizes through lucky draws. The document provides details on eligibility, contribution amounts, charges, and benefits included in the plan.
This document summarizes the PruBSN UmmahLink takaful plan, which allows customers to save and invest monthly contributions while receiving life and medical protection. The plan includes a CashBuilder feature that provides cash payouts every two years that can be used to fulfill various life goals. Customers have the option to accumulate payouts for higher future value or transfer amounts to their Tabung Haji account. The plan also includes investment opportunities through Takafulink funds and a chance to win prizes through lucky draws. The document provides details on eligibility, contribution amounts, charges, and benefits included in the plan.
How many of us have put aside some savings to use when we encounter an unexpected nancial crisis? We spend years of planning towards a comfortable future but sometimes still not enough to take care of things that matter in our life. Whether you are planning to perform Hajj or Umrah, building education or retirement fund or simply having some extra cash to enjoy a nice vacation with your family, you need a reliable plan that fulls your every quest in life. PruBSN UmmahLink takes you one step ahead in growing your savings whilst providing you with the necessary protection for your life plans. With PruBSN UmmahLink, you will receive back your savings through cash payout every two years, enjoy life and nancial protection as well as having information at your ngertips that will take you a step closer towards life fullment. IN YOUR QUEST FOR LIFE FULFILMENT, PLAN AHEAD Guides you to a remarkable spiritual journey with information at your ngertips. Savings and Cash Payout Protection Optimise Potential Investment Returns PruBSN Insan Accumulate your savings through CashBuilder with cash payout every two years. Entitlement for a series of lucky draws through your savings. Optimise your investments via investing in the Takafulink Funds. Ease nancial burden with Death or Total and Permanent Disability (TPD) Benet, Double Takaful Benet, Badal Hajj Benet and Compassionate Benet. Extend your coverage in medical, critical illness and other life protection benets for total peace of mind. Build and Safeguard your Quest Below is an illustration of how PruBSN UmmahLink with CashBuilder rewards you in the long run. PruBSN UmmahLink C A S H B U I L D E R
M O N T H LY CO N T R I B U T I O N
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R M 1 0 0 B A S I C
M O N T H LY CONTRIBU T IO N =
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U n i t
A c c o u n t
( C U A ) R M 6 0 I n v e s t m e n t
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( I U A ) R M 4 0 P r o t e c t i o n U nit Acco u n t
( P U A ) R M200 Potential investment return Total projected cash value (excluding total cash payout and maturity amount from CUA) at year 30: Scenario 1 = RM137,098 Scenario 2 = RM55,629 RM1,000 cash payout every two years (auto-transfer to Tabung Haji* / savings account) Total cash payout over 30 years = RM15,000 Maturity amount from CUA at year 30 = RM6,600 * This option is only applicable to Muslim customers only. Plan Ahead for Endless Reward CashBuilder is a saving instrument that can be customised to assist you in your quest for life fullment where it is invested in Cash Unit Account (CUA) and Investment Unit Account (IUA). One portion of the CashBuilder provides cash payout every two years for better nancial planning with the amount that you decide to have. You may decide whether to accumulate the cash payout in your Cash Unit Account (CUA) for higher cash value or auto-transfer the amount to your Tabung Haji account or personal savings account if you are planning to perform Hajj or Umrah or your other quests in life. In order to optimise your investment growth, the other portion provides potential returns through investment in Takafulink Dana Ekuiti. The above diagram is for illustration purposes only based on male, 30 years old, and non- smoker with sum covered of RM200,000 and RM1,000 cash payout for every two years. The total projected cash value from your investment portion is based on investment in the Takafulink Dana Ekuiti and Takafulink Dana Simpanan and is not guaranteed. Scenario 1 and 2 are based on a gross growth rate of 9% and 2% for Takafulink Dana Ekuiti respectively, and 2.42% and nil for Takafulink Dana Simpanan respectively. Thats not all. Your savings through CashBuilder entitles you for a series of lucky draws carried out by Bank Simpanan Nasional (BSN) through their Sijil Simpanan Premium (SSP)** draws, thus giving you opportunities to win attractive prizes! ** SSP (which includes the lucky draws) is a Shariah-compliant product approved by the Shariah Committee of Bank Simpanan Nasional. Subject to terms and conditions. BASIC COVERAGE Sum covered in the event of loss of life or Total Permanent Disability (TPD). COMPASSIONATE BENEFIT Choice to enhance your plan to complement your life style and needs with additional coverage on medical, critical illness, accidental or disability. ENHANCED BENEFITS DOUBLE TAKAFUL BENEFIT BADAL HAJJ Double basic sum covered amount in the event of loss of life or TPD during any Hajj or Umrah trip. In the event that you are incapable of performing Hajj due to loss of life or TPD, the Badal Hajj benefit opens up the possibility for your nominee to perform Hajj on your behalf with amount payable of RM3,000. Provides RM2,000 for funeral expenses in the event of death. For non-Muslim customers, this benefit is payable as additional compassionate benefit. Protect What Matters the Most Upcoming prayer SETTINGS PRAYER TIMES Plan your spiritual journey ahead. SEARCH Find Masjid / Kiblah by Locations. Kuala Lumpur, Malaysia ABOUT CALENDAR SURAH HAJJ ZO H O R 1:05 PM 5 October 2014 10 Zulhijjah 1435 D O W N L O A D N O W ! A v a ila b le in G o o g le P la y & A p p le A p p S to re . Linking You with Technology PruBSN Insan is a mobile app that is designed to guide you to a remarkable spiritual journey. It provides you with: PruBSN UmmahLink is a regular contribution investment-linked takaful plan that provides you with protection, investment and savings. How much is the contribution? The minimum contribution is RM150 per month including the contribution of CashBuilder. The contribution for the CashBuilder is based on the cash payout amount. Who is eligible for this plan? The plan is open to individual aged between 19 and 70 years old. The expiry age of the plan is 80 years old. Age refers to Age Next Birthday. What are the charges and deductions? The details of charges and deductions are listed in the table on the next page. All charges are not guaranteed. PruBSN reserves the right to change the rates by giving prior notice to customers. About PruBSN UmmahLink Types of Charges and Deductions Details UPFRONT WAKALAH CHARGE This charge allows us to pay commission and distribution related expenses as well as management expenses. The percentage below is based on term 20 years or more. For term less than 20 years, you may refer to the Plan Illustration. Certicate year 1 2 3 4 5 & 6 7 & above Upfront wakalah charge 60% 60% 50% 30% 20% 0% For CashBuilder, the upfront wakalah charge is 5% throughout the certicate term for contribution that is allocated into the IUA only. There is no wakalah charge for contribution that is allocated into the CUA. ASSET MANAGEMENT CHARGE This is charged on a daily basis from your investment account value for your investment management expenses. Takafulink Dana Bon 0.5% p.a. Takafulink Dana Ekuiti 1.5% p.a. Takafulink Dana Urus 1.3% p.a. Takafulink Dana Simpanan Not Applicable SERVICE CHARGE This is charged for certicate servicing expenses. Payment method Charge Cash/ cheque RM6 per month Others RM5 per month TOP-UP CHARGE We charge 5% on every single contribution top-up. On top of that, for each top-up of less than RM5,000, there will be an additional charge of RM25. FUND SWITCHING CHARGE We provide four free switches every year. For any subsequent switches within the year, the switch charge is set at 1% of the amount switched (subject to maximum of RM50). TABARRU We deduct an amount each month from your protection account based on your age, gender, sum covered, occupational class and smoking status. Tabarru means a donation of a specied portion from the contribution into the Tabarru Fund for the purpose of mutual aid and assistance among fellow participants according to the agreed benets under the plan. 1 This is a takaful product that is tied to the performance of the underlying assets, and it is not a pure investment product such as unit trusts. 2 This brochure does not form a contract between you and Prudential BSN Takaful Berhad (PruBSN). Please refer to the Plan Illustration, Product Disclosure Sheet and Fund Prole before participating in the plan. 3 The contribution amount for CashBuilder will be allocated in a pre-dened amount between IUA and CUA. The cash payout is payable from CUA which is invested in Takafulink Dana Simpanan and we reserve the right at any time to change the underlying investment of Takafulink Dana Simpanan. 4 The chosen funds for CashBuilder are xed and cannot be changed. However, fund switching is allowed for IUA of Takafulink Dana Ekuiti. 5 The cash payout is non-guaranteed and may be subjected to be pro-rated upon any non-payment of contribution. 6 The SSP Draw is subject to the availability as offered by Bank Simpanan Nasional. 7 The investment prot is only declared at the end of every 12 months for each contribution paid to CUA, provided that each contribution paid has not been withdrawn by you or made as cash payout by us. 8 The investment returns from your PUA, IUA and prot rate from CUA will be based on the actual performance of the fund and it is not guaranteed. 9 The investment risk of your fund is borne solely by you and the benets may be less than your total contributions paid. 10 If you cease paying contribution, your coverage might terminate prematurely. 11 The contribution and Tabarru rates are not guaranteed. PruBSN reserves the right to revise the contribution rates and/or Tabarru by giving 90 days written notice. For HealthEnrich, 30 days written notice will be provided. 12 For PruBSN UmmahLink, 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). 13 PruBSN UmmahLink does not provide any benet amount from the Tabarru Fund on termination, expiry or maturity of certicate. 14 PruBSN UmmahLink is based on Wakalah Bil Ajr model which is an arrangement for PruBSN to manage your takaful plan. Your contribution will be placed in PUA, IUA and CUA after deducting a wakalah charge which constitutes the fee for the overall management services provided. The takaful protection comes from the Tabarru Fund. 15 You are entitled to receive any distributable surplus inclusive of investment prot (if any) arising from Tabarru at the end of each nancial year. Together with other participants, you are entitled to at least 50% of the surplus and PruBSN will receive the balance of up to 50% as incentive for managing the Tabarru Fund. Your portion of the distributable surplus will be placed back into your PUA. 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. PruBSN UmmahLink does not cover any of the following situations: 1 Death is caused by suicide within one year from the date of certicate. 2 TPD is directly or indirectly caused by attempting suicide or self-inicted bodily injuries while sane or insane. 3 TPD is directly or indirectly caused by engaging in aerial ights (including parachuting and skydiving) 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. The exclusion and limitations above are not exhaustive and you should refer to the certicate document for further information. Exclusions Important Notes Exclusions Important Notes PruBSN UmmahLink 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 (740651-H) Level 8A, Menara Prudential, No. 10, Jalan Sultan Ismail, 50250 Kuala Lumpur. Tel: 03 2053 7188 Fax: 03 2072 6188 E-mail: customer@prubsn.com.my SMS PruBSN and send to 33080 www.prubsn.com.my All information is correct at the time of print. Printed 5 October 2014 Important: You must ensure that you are satised that this product will best serve your needs and that the contribution payable under the certicate is an amount that you can afford.