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myUPDATES...

WOW FACTOR Part II


Product Development,BDFM

AGENDA
Contents
1. Takaful Industry Where Are We Now? Part I 1. The WOW FACTOR Surplus Sharing 2. The WOW FACTOR 46 Family Part II 1. The WOW FACTOR Amanah Trust 2. The WOW FACTOR Waiver for Takaful Saver
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Takaful Industry Where Are We Now?

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Were At The RIGHT Industry...

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Inv. Takaful Plans What A GROWTH... Linked Industry - What A Growth...


The Inv.Linked has shown a tremendous growth in demand.

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Source: ISM Statistics (2005 2010)

Why Must We Have a WOW FACTOR???

Why Must We Have a WOW FACTOR??? To create a BRAND POWER To increase customer loyalty & retention
To recruit & expand our business

So, WHOs Next???

We are The LEADER, others FOLLOW

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The WOW FACTOR Surplus Sharing

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Surplus Sharing its the WOW Factor...


Total Tabarru 2010 = RM9.89 M Total Surplus Declaration 2010 = RM6.8 M
Total Amount (RM) 2009 1,518,000 2010

Risk Fund (PRIA)

Total Surplus to Clients

3,128,000

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How Can We Enjoy This???

Only with
TAKAFULINK SERIES PLAN
Takafulink Takafulink Education Takafulink Hajj Takafulink Wanita The 1st Investment-Linked Plan in Malaysia which declares a SURPLUS SHARING for 2 YEARS in a row!!!
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Where & How do We Get SURPLUS???


Personal Investment Account (PIA)
Minus Wakalah Fee, Balance invest in MAA TAKAFUL SHARIAH FUND

Bonus/Dividend Declaration
Cost 1) Wakalah Tharawat Fee Investment Income/Return

100%
Participant

Gross Contribution (RM) Personal Risk Investment Account (PRIA)


1) TERM PRIA 2) HEALTH PRIA 3) PA PRIA 4) CRITICAL ILLNESS PRIA

50%
MAA Takaful Cost Claims Underwriting Surplus Participant

Surplus Declaration
Risk Fund (PRIA) Total Surplus to Clients Total Amount (RM) 2009 2010 1,518,000 3,128,000

50%

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Surplus Sharing 4 GROUPS...


Investment linked Plans
Risk Fund (PRIA) TERM CI HEALTH PA Total Profit Rate 2009 28.16% 27.29% 28.24% 31.19% 28.65% 2010 23.70% 46.12% 27.07% 41.54% 31.62%

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How to Calculate...
Risk Fund (PRIA) Profit Rate 2010 23.70% 46.12% 27.07% 41.54%

Scenario 1
Age: 57 Years Old, Male Basic Sum Covered: RM1,600,000 Monthly Contribution: RM8,200 Surplus : Total Annual Tabarru x Profit Rate (PRIA) RM37,136 x 23.70%

TERM CI HEALTH PA

So, Surplus Amount = RM8,801.23

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Sample of Surplus Letter to CLIENT...


Surplus Letter

Surplus Amount (RM)

Fund Conversion

No. of Units after Conversion

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How to Calculate...
Scenario 2 (Client: Chinese)
Age: 47 Years Old, Male Basic Sum Covered: RM1,500,000 Critical Illness Plus: RM1,000,000
Risk Fund (PRIA) TERM CI HEALTH PA Profit Rate 2010 23.70% 46.12% 27.07% 41.54%

Monthly Contribution: RM2,362.50

Surplus : Total Annual Tabarru (BSC) x Profit Rate (PRIA) RM3,750 x 23.70% = RM888.75 Surplus : Total Annual Tabarru (Critical Illness) x Profit Rate (PRIA) RM4,014 x 46.12% = RM1851.26

So, Surplus Amount = RM2,740.01


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How to Calculate...
Scenario 3 (Client: Malay)
Age: 61 Years Old, Male Basic Sum Covered: RM900,000 Improved Accident Indemnity: RM45,000
Risk Fund (PRIA) TERM CI HEALTH PA Profit Rate 2010 23.70% 46.12% 27.07% 41.54%

Monthly Contribution: RM4,000

Surplus : Total Annual Tabarru (BSC) x Profit Rate (PRIA) RM11,912 x 23.70% = RM2,823.14 Surplus : Total Annual Tabarru (Accident) x Profit Rate (PRIA) RM150 x 41.54% = RM62.31

So, Surplus Amount = RM2,885.45


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