IKHLAS CAPITAL INVESTMENT – LINKED TAKAFUL

IKHLAS CAPITAL INVESTMENT – LINKED TAKAFUL

This is a single contribution investment linked plan. It is an investment type plan that provides capital appreciation and protection in the event of death and total permanent disability (TPD) of the participant. The participant has the option to invest in three types of fund namely, Growth fund, Balance fund and Fixed Income fund.

PRODUCT FEATURES

Investment Linked Funds

· Growth Fund
The objective of this fund is to provide good investment returns by investing mainly in shares listed in Bursa Malaysia. It is suitable to investors who are willing to take higher risks in exchange of high returns.

· Balance Fund

The objective of this fund is to provide medium investment returns by investing mainly in shares listed in Bursa Malaysia and fixed income instruments. It is suitable for investors who are willing to take some risks to obtain a reasonable, less fluctuating level of returns.

· Fixed Income Fund

The objective of this fund is to preserve the investment capital and provide a steady investment returns by investing mainly in fixed income instruments. It is suitable to investors who are risk-averse and willing to receive a lower investment returns while preserving the capital invested.

Coverage (provides the following benefits)

· DEATH AND TOTAL PERMANENT DISABILITY (TPD) BENEFITS

In the event of death or TPD of the participant, 100% of the Sum Cover (equivalent to 125% of the single contribution plus top-up amount less withdrawal or the accumulated fund value all unit funds, whichever is higher) is payable to the participant or next of kin.

Special Feature

· Cash Withdrawal

Minimum amount of withdrawal is RM 500.00. Partial withdrawal is subject to a minimum balance of RM 3,000.00 in all unit funds. The charges for withdrawal transactions are as follows (subject to a maximum charge of RM50.00 per withdrawal):

	Withdrawal charges
Year	1	2	3	Thereafter
Charges	3%	2%	1%	0%

· Top-Up Option

Top up contribution is allowed from the commencement of the certificate, subject to the following condition:

Minimum Amount: RM 500.00
Maximum Amount: 5 times single contribution for each year

The top-up contribution will be used to purchase additional investment units and/or additional coverage.

· Switching Fee (per certificate year)

First switching : Free

Subsequent switching : RM 50.00 per switching

· Termination

The certificate shall terminate upon surrender or when payment of the death or TPD benefit is made.

Age and Issue Limits

· Issue Ages : Certificate Owner : 18 – 60 years, age next birthday.
Participant : 1 – 60 years, age next birthday

· Issue Limits : Minimum – RM 5,000.00.
Maximum - subject to underwriting decision in multiple of RM500.00.

· Expiry Age : Upon participant attaining 80 years old, age next birthday.

· Sum Covered : 125% of single contribution plus top-up amount less withdrawal or the accumulated fund value, whichever is higher.