Escolar Documentos
Profissional Documentos
Cultura Documentos
SUMMARY SHEET
PARTICIPANT DETAILS
PAYOR DETAILS
PLAN DETAILS
Takaful Sarjana
1. Participant Information
Participant's Name : MUHAMMAD AFIQ DANISH BIN MOHAMAD KHAIRI
Gender : M
Smoker : No
Date of Birth : 11/Jan/2010
Entry Age : 2 Next Birthday
2. Certificate Information
2.1 For Participant:
Sum
Contribution Profit
Term of Covered / Contribution Contribution Profit Sharing
Plan Name Payment Contribution Sharing to
Coverage Benefit Split to PA Split to PSA to Participant
Term Shareholder
Type
Takaful Sarjana 18 18 869.52 69,953.62 (refer to Table1) 80% 20%
Hospital Benefit Rider (HBR) 18 18 65.00 50.00 0% 100% 50% 50%
###
2.2 For Payor: ###
Sum
Contribution Profit
Term of Covered / Contribution Contribution Profit Sharing
Plan Name Payment Contribution Sharing to
Coverage Benefit Split to PA Split to PSA to Participant
Term Shareholder
Type
Payor Benefit Rider (PBR) with CI 18 18 23.80 16,822.08 0% 100% 50% 50%
###
4. Notes ###
1. PA refers to Participant's Account (investment fund). ###
2. PSA refers to Participant's Special Account (tabarru' fund). ###
3. Total death benefits (j) or (l) will never be less than those in column PSA (c). ###
4. Notes no. 5 to 13 are applicable to products with savings (PA) portion only. ###
5. Accumulated PA illustrates the benefits payable based on the investment strategy for this type of plan and the takaful operator's current practices and assessment ###
of future experience in scenario 1 or scenario 2 investment profit scenarios. ###
6. The accumulated PA may fall below the total contributions in the PA, depending on the actual performance of the fund. ###
7. The investment profits illustrated here are for illustration purposes only and are NOT GUARANTEED. ###
8. The projected net investment profit shown in this illustration is net of 8% investment profit tax and proportionate to Allocation of Mudharabah. ###
9. The actual investment profit that would be declared may be more or less, depending on the operating and investment results experienced by the takaful operator.
10. Past actual performance is not a guide to future performance which may be different.
11. Projected Investment Profit:
Gross Net
Scenario 1 3.00% 2.21%
Scenario 2 6.00% 4.42%
12. Actual Annual Gross Investment Profit Rate of PA:
Financial Year Rate
1 Jul 2008 to 30 Jun 2009 5.30%
1 Jul 2007 to 30 Jun 2008 6.20%
1 Jul 2006 to 30 Jun 2007 6.30%
13. You should satisfy yourself that the plan serves your needs and that you can afford the contribution.
14. Death benefit is GUARANTEED as in the event of deficiency in tabarru' fund, takaful operator shall rectify the deficit through qard or outright transfer.
15. This is an illustration and not a contract. Complete terms, conditions and definitions of this Takaful Plan are specified in the Takaful Certificate.
Read this Product Disclosure Sheet before you decide to take TAKAFUL SARJANA
out the TAKAFUL SARJANA. Be sure to also read the general
terms and conditions. 10/May/2011
Sarjana plan combines savings and coverage and is an effort to provide a special fund for Your child’s future education. The basic Sum
Covered is payable during the term of the certificate and You are expected to receive all Your savings including Mudharabah declared
upon maturity.
2. What are the Shariah concepts applicable?
Tabarru’
This plan applies Tabarru' concept, whereby the Participant agree to donate or contribute a specified portion from the contribution paid to
the Participant Special Account (Tabarru' Fund) for the purpose of mutual aid and assistance to the participants in case of need.
Any surplus arising from Tabarru’ Fund for this plan at the end of each financial year will be distributed on 20:80 bases between
Takaful Operator and the Participant. Takaful Operator receives 20% of surplus as an incentive for operating and for being
responsible for the management of Tabarru’ Fund. The balance of 80% will be accumulated and payable to the Participant upon
maturity.
Mudharabah
This plan also applies Mudharabah concept, whereby the Participant (act as capital provider) provides the contribution to Us (acts as
entrepreneur) to manage the Takaful Fund. If the Fund is profitable, the profit will be shared based on an 80%:20% basis between
Participant and Takaful Operator, respectively.
Contribution Coverage
No Coverage / Benefit Benefit Payable Description
Payment Term Term
Upon Death of the Person Covered before the
expiry of the Takaful period due to natural or
accidental causes, the amount of Sum Covered
1 Death 69,953.62 18 18
and Participant Account (PA) together with
Mudharabah will be payable upon satisfactory
proof of death.
Note:
Please refer to the quotation for the sum covered, term of coverage and contribution payment term details of Your certificate.
The total contribution that You have to pay may vary based on underwriting decisions of the Takaful Operator on Your health and financial
conditions.
#N/A
Certificate related expenses such as commission and management expenses have been incorporated in Your total contribution. Should
You decide to terminate Your Certificate earlier within the coverage term, Your surrender value may be lower than Your total contribution
paid to cover for the above expenses.
6. What are some of the key terms and conditions that I should be aware of?
• Importance of disclosure – You must disclose all material facts such as medical condition, and state Your age correctly.
• Grace period – Your certificate may lapse if You do not pay Your contributions within thirty (30) days of the grace period.
• You should satisfy Yourself that the plan serves Your needs and that You can afford the contribution.
Note: This list is non-exhaustive. Please refer to the Takaful Certificate for the terms and conditions under this certificate
Note: This list is non-exhaustive. Please refer to the Takaful Certificate for the full list of exclusions under this certificate.
It is important that You inform Us of any change in Your contact details to ensure that all correspondences reach You in a timely manner.
IMPORTANT NOTE:
PARTICIPATING IN A FAMILY TAKAFUL PLAN IS A LONG-TERM FINANCIAL COMMITMENT. YOU MUST CHOOSE THE TYPE OF
CERTIFICATE THAT BEST SUITS YOUR PERSONAL CIRCUMSTANCES. YOU SHOULD READ AND UNDERSTAND THE TAKAFUL
CERTIFICATE AND DISCUSS WITH THE TAKAFUL AGENT OR CONTACT THE TAKAFUL OPERATOR DIRECTLY FOR MORE
INFORMATION.
The information provided in this disclosure sheet is valid within 3 months after the issue date 10-May-2011.