Get the flexibility you need, within your way of life. PRUDENTIALBSN
TAKAFUL The Takaful Concept
Takaful is a mutual assistance concept based on the principles of shared responsibility, cooperation and common interest. Each participant contributes on the basis of Tabarru' (donation) into a fund that will be used to support each other in times of need.
Gain the flexibility to Manage Your Changing Needs
The truth about life is that needs change with time. And as needs change, so do priorities. The problem is getting your financial arrangements to change in response to life's changing priorities.
Prudential BSN's (PruBSN) Takaful Link Plan is a Shariah-compliant investment linked family Takaful plan that is designed to overcome life's uncertainties by putting you in control of yourlife with total flexibility. By adhering to the values you believe in, it also puts you in control of your way of life.
How Does the Takafulink Plan Work for Me?
For Your Protection
We'll help you plan the level of protection suitable for you by guiding you through all elements of the Takafulink plan.
Basic Benefits
Death: The sum covered and the remaining value in Participant's Unit Account (PUA)* and Individual Special Account (ISA)** will be paid should death occur.
*PUA is the account where units are allocated, depending on the amount of linked contribution paid.
*ISA is the account where supplementary benefit contributions are allocated
Total and Permanent Disability
The sum covered will be paid should TPD occur before the age of 60 whileunits in your PUA and the value in your ISA will remain in your account.
Optional & Supplementary Benefits
Accidental Death and Disablement, Accidental Medical Reimbursement: Provides accident benefits to supplement your protection plan.
Medical Cover: Provides fixed cash payments for Hospitalisation Assistance, Intensive Care Assistance and Surgical Procedure Assistance, in the event of hospitalisation due to illness or injury.
Major Medical Cover: Provide Medical cover for the Hospital and Surgical and Outpatient Treatment Benefits in the event of hospitalisation or out-patient treatment due to illness or injury.This also includes Emergency Medical Assistance.
Hospital Benefits: Provides daily cash assistance in the event of hospitalisation
Disability Provider, Crisis Cover Income: Provides annual payable benefit in the event of TPD or critical illness before age 60
Crisis Shield: provides protection against a critical illness, ready for when you need it most.
Weekly indemnity: Provide weekly cash assistance if a participant becomes temporarily disabled due to accidents.
Contributor: Pays an annual benefit in the event of critical illness. Payment will cease upon death of participant.
Spouse or Parent Contributor: In the event of death, TPD before age 60 or diagnosis of critical illness on the spouse or parent of participant, the benefit will assist the participant with future contributions to the Takaful Plan. Payment of annual benefit will be cease upon death of participant or upon reaching age 60.
We'll also help you plan your savings by providing you with a variety of funds to invest in.
A proportion of your contributions are allocated to buy units from your choice of Takafulink funds.
The contributions are allocated according to the certificate year and its corresponding percentages.
Certificate Year 1 2 3 4 5 & 6 7 & above
Contribution allocation 40% 50% 65% 70% 90% 100%
Takafulink Funds
Choose the Shariah-approved Takafulink funds that suit your investment needs and risk tolerance.
Takafulink dana equiti
- Aims to maximise returns over medium to long term by investing in high quality Shariah-approved shares listed on the Bursa Malaysia
- For participants with high risk tolerance and medium to long term investment horizon
Takafulink dana bon
- Aims to provide medium and long term accumulation of capital by investing in selected Shariah-approved securities
- For participants with low to moderate risk horizon and medium to long term investment horizon.
Takaful dana urus
- Is a managed fund that seeks to maximise returns over medium to long term. This is achieved by investing in Shariah-approved shares and securities through Takafulink dana equiti and Takafulink dana bon and in any other such Takafulink funds that may become available in the future.
- For participants with moderate to high risk tolerance and medium to long term investment horizon.
Surplus Sharing
Every participant is entitled to share the underwriting surplus and investment profit, if any. Underwriting surplus arising from Tabarru' Fund will be distributed to the participants by crediting back to their ISA and buying additional units in PUA while the investment profit will be shared between the participants and the company at a pre-agreed ratio.
The Plan That Gives You More Flexibility***
- Vary the amount of Takaful protection for death and disability without affecting your contribution.
- Enhance your Takaful coverage by adding critical illness, accident, medical, disability and other supplementary benefits.
- Build up a healthy retirement fund by choosing any of the Shariah-approved Takafulink funds that yield a potentially higher return than a bank's saving account over the long term
- You may switch your investment btween Shariah-approved Takafulink funds at any time. The minimum amount that can be switched is RM1000.
- Make witdrawals to meet your changing needs at any time. The minimum withdrawal is RM1000. it is available provided the value of remaining units is at least RM4000.
***Subject to terms and conditions
Who can take up Takafulink Plan?
Anyone between the 18 and 60 years old can take up the plan. You can also take up this plan for your child who is under 18 years of age
How di I start?
First, determine your protection needs, such as your basic cover and other optional and supplement benfits. Then, decide on an affordable amount set aside every month. With the Takafulink Plan, you can start protecting your health and financial future for as little as RM3.33
Tabarru'
- Represents the amount that the participant willingly relinquishes in order to help contribute to the benefits for all participants who are entitled to the benefits
- Is the pooling of funds for the purpose of solidarity and cooperation among the participants, used to help all participants in times of misfortune
- Levied monthly based on your age gender, smoking status, occupation class (if applicable) and sum covered.
All Takaful funds are invested
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