A-Enrich Rezeki

Description

A-Enrich Rezeki is a regular contribution takaful plan with a 20-year coverage that is a combination of
Ordinary Family Takaful and Investment-Linked Takaful with limited contribution payment term option of 5
years or 10 years. This plan provides death and Total and Permanent Disability (TPD) benefits.

Features and Benefits

1. A-Enrich Rezeki covers death and TPD.

2. Death Benefit:

In the event of death during Certificate Year 1 or Certificate Year 2, the death benefit payable is an
amount equivalent to 100% of the basic plan’s contributions (exclude loading, if any) that have been
paid plus the total account value from Participant’s Investment Fund (PIF) (if any) less any
indebtedness.

In the event of death during Certificate Year 3 onwards, the death benefit payable is X% of the current
annual basic plan’s contribution (exclude loading, if any) multiplied with the certificate year number in
which death occurs less total Investment Booster that have been credited plus the total account value
from Participant’s Savings Fund (PSF) and PIF (if any). Any balance of the basic plan’s contributions
due for the full certificate year in which death occurs and other indebtedness shall be deducted from
the benefits payable.

Entry Age X% value

0 to 45 100%
46 to 60 75%

3. TPD Benefit:

In the event of TPD during Certificate Year 1 or Certificate Year 2, the TPD benefit payable is an amount
equivalent to 100% of the Basic Plan’s Contributions (exclude loading, if any) that have been paid plus
the total Account Value from PIF (if any) less any indebtedness.

In the event of TPD during Certificate Year 3 onwards, the TPD benefit payable is X% of the current
annual Basic Plan’s Contribution (exclude loading, if any) multiplied with the Certificate Year number in
which TPD occurs less total Investment Booster that have been credited plus the total Account Value
from PSF and PIF (if any). Any balance of the Basic Plan’s Contributions due for the full Certificate
Year in which TPD occurs and other indebtedness shall be deducted from the benefits payable.

Entry Age X% value

0 to 45 100%
46 to 60 75%

3. Investment Booster:

Investment Booster shall be payable at the end of completed Certificate Year provided the Certificate
is in force and the Person Covered is not suffering from any disability which entitles the Person Covered
to a claim under the Certificate. The Investment Booster shall be allocated towards the purchase of
units into PIF in accordance with the fund direction of A-Plus Enhancer-i and will be paid out according
to the following schedule:
Investment Booster amount (% of Annual Contribution)

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 End of Certificate Year 5Pay20 10Pay20

2 to 5 5% 10%

6 to 11 10% 20%

12 to 19 15% 30%

4. Maturity Benefit:

Upon maturity at end of Certificate Year 20, Y% of the current annual Basic Plan’s Contribution (exclude
loading, if any) and the total Account Value from PSF and PIF (if any) shall be payable, less any
indebtedness.

Plan Y% value
5Pay20 200%
10Pay20 400%

5. Savings Booster:

An additional Z% of the current annual Basic Plan’s Contribution (exclude loading, if any) shall be
payable together with the Maturity Benefit provided that all Contribution payments are made on the
contribution due date or during the grace period and no partial withdrawal has been made from PSF
throughout the certificate term.

Plan Z% value
5Pay20 40%
10Pay20 50%

Contribution Allocation

1. Takaful contribution

The percentage of the takaful contribution allocated towards Participants’ Risk Fund (PRF) is as follows:

5Pay20
Certificate Year 1 2 3 4 5
PRF Allocation (Tabarru’) 55% 65% 70% 75% 90%
Wakalah Fee* 45% 35% 30% 20% 10%

10Pay20
Certificate Year 1 2 3 4 5 6 7 8 9 10
PRF Allocation (Tabarru’) 35% 50% 70% 80% 85% 85% 85% 85% 85% 85%
Wakalah Fee* 65% 50% 30% 20% 15% 15% 15% 15% 15% 15%
*Percentage of takaful contribution not allocated towards the PRF.

2. A-Plus Enhancer-i contribution, A-Plus Saver-i contribution and ad hoc top-up contribution:

Allocation Rate: 95%

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Options / Flexibility

1. Basic Plan:

Increase of Basic Plan’s Contribution:

a. Increase in basic plan’s contribution is not allowed after certificate issuance.

Decrease of Basic Plan’s Contribution:

a. Reduction in basic plan’s contribution is allowed at any time during the contribution payment term
and will take effect on the next contribution due date.
b. After basic plan’s contribution has been reduced, the payment of Investment Booster, Maturity
Benefit and Savings Booster shall be based on the reduced contribution.

2. A-Plus Saver-i:

Addition of A-Plus Saver-i:

a. Addition of A-Plus Saver-i is allowed at any time during the 1st certificate year and will take effect
on the next contribution due date.
b. Minimum amount for A-Plus Saver-i is RM10 per month.

Deletion of A-Plus Saver-i:

a. Deletion of A-Plus Saver-i is allowed at any time during the contribution payment term and will take
effect on the next contribution due date.

Increase of A-Plus Saver-i’s Contribution:

a. Increase in A-Plus Saver-i’s contribution is allowed at any time during the 1st certificate year and
will take effect on the next contribution due date.

Decrease of A-Plus Saver-i’s Contribution:

a. Reduction in A-Plus Saver-i’s contribution is allowed at any time during the contribution payment
term and will take effect on the next contribution due date.

3. Ad hoc Top-up:

Can be done at any time, subject to a minimum amount of RM500.

4. Partial Withdrawal:

a. Partial withdrawal of the account value from PIF is allowed at any time subject to minimum
withdrawal amount of RM1,000.
b. Full withdrawal from PIF is allowed.
c. Withdrawal from PIF will not affect the payment of Savings Booster.
d. Partial withdrawal of the account value from PSF is allowed at any time subject to minimum
withdrawal amount of RM1,000 and the amount in PIF is insufficient to cover the withdrawal amount
requested.
e. There must be at least RM1,000 remaining in PSF after withdrawal.
f. Withdrawal from PSF will forfeit the payment of Savings Booster..

5. Fund Switching:

a. Fund switching is allowed at any time without any switching fee.

b. There is no minimum amount to remain in each investment-linked fund after switching.
c. Fund switching is only applicable for both PIF and PSF.

6. Automatic Contribution Scheme (ACS):

a. If, at the expiration of the grace period, the contribution due has yet to be paid, the certificate shall
continue under ACS.
b. Upon the activation of ACS, the contribution payment mode will automatically change to monthly
mode.

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 c. If the certificate has yet to acquire surrender value, any available account value in PIF will be
used to pay the unpaid monthly takaful contribution.
d. If the account value in PIF is insufficient to make the payment, the insufficient amount will then be
deducted from the account value in PSF.
e. The deduction of the account value in PSF will continue until the certificate has acquired surrender
value or until the account value in PSF becomes insufficient or fully utilised.
f. If the certificate has acquired surrender value, the surrender value will be used to pay the
unpaid monthly takaful contribution. Upon utilisation of the surrender value, the amount utilised will
be considered as indebtedness.
g. If the surrender value is insufficient to make the payment, the insufficient amount will then be taken
from the account value of PIF.
h. If the account value in PIF is insufficient to make the payment, the insufficient amount will then be
deducted from the account value in PSF.
i. If the account value in PSF has been fully utilised or is insufficient to cover the monthly takaful
contribution, the account value will be refunded and the certificate shall lapse.

7. Reinstatement

In the event the certificate has lapsed due to non-payment of contribution, it may be reinstated provided
that the reinstatement is done within two (2) years from the date of lapse and subject to the following :

a. A written application is made by the Participant to have the certificate reinstated; and
b. The Person Covered is within the allowable age limits as determined by the Takaful Operator at
the time of reinstatement; and
c. The Person Covered has to produce evidence of permissible Takaful that is satisfactory to the
Takaful Operator; and
d. Payment of all overdue regular contributions including for A-Plus Saver-i (if any); and
e. Payment of any indebtedness which the Takaful Operator may require; and
f. Any reinstatement shall only cover loss or event which occurs after the reinstatement date.

Fees and Charges

1. Fund Management Charge (FMC):

There are 4 funds available and the FMC is as follows:

No. Investment Funds Fund Management Charge
1 A-Dana Equity 1.50% p.a.
2 A-Dana Income 0.50% p.a.
3 A-Dana Balanced 1.20% p.a.
4 A-Dana Strategic Equity 1.50% p.a.

The FMC is not guaranteed and the Takaful Operator reserves the right to revise the FMC by giving a
90-day prior written notice to the Participant.

Underwriting

1. Entry Age, Coverage Term and Contribution Payment Term

Person Covered:
Contribution Entry Age
Coverage Term Payment
Term Min Age Max Age

5 years
20 years 14 days 60 years old
10 years

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 Participant:
Min: 18 years old
Max: No limit

Contribution payment term cannot be changed once certificate has been issued.

2. Contribution

Minimum contribution:
Minimum Contribution Contribution
Mode
5pay 20 10pay 20 Multiples

Annual RM12,000 RM6,000 RM120

Semi-Annual RM6,000 RM3,000 RM60

Quarterly RM3,000 RM1,500 RM30

Monthly RM1,000 RM500 RM10

Maximum contribution:
5Pay20 – RM50,000 annual contribution per life not inclusive of A-Plus Saver-i.
10Pay20 – RM40,000 annual contribution per life not inclusive of A-Plus Saver-i.

Multiple certificates allowed as long as the per life limit has not been exceeded

3. Occupation Class

1 to 4

4. Underwriting Approach

There will be no medical underwriting or occupational loading imposed. However, financial underwriting
still applies.

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 A-Enrich Rezeki
Surrender Value per RM100 Annual Basic Plan’s Contribution
Contribution Contribution
End
Payment Term 5 Payment Term 10
of Certificate Years Years
Year
(RM) (RM)

1 0 0

2 5 10

3 111 117

4 149 156

5 183 196

6 188 235

7 188 275

8 188 314

9 188 354

10 188 385

11 188 385

12 193 395

13 194 396

14 195 396

15 196 397

16 196 398

17 197 398

18 198 399

19 199 399

20 200 400