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HLM Takaful i-Care Rahmat

Introduction

 

What is HLM Takaful i-Care Rahmat?
HLMT i-Care Rahmat is an investment-linked plan that provides a lump sum benefit payment upon Death or Total and Permanent Disability (TPD) or Old Age Disablement (OAD), whichever earlier, during the certificate term.
 

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Benefits
  Death - In the event of death of the Person Covered (any causes) while the certificate is still in force, the amount of benefit payable depends on the coverage type chosen

Total and Permanent Disability (TPD) before attaining age 65 - In the event of TPD of the Person Covered (any causes) prior to basic certificate term, and before attaining age 65, the amount of benefit payable depends on the coverage type chosen after a waiting period of 6 months

Old Age Disablement (OAD) after attaining age 65 - In the event of OAD of the Person Covered prior to basic certificate term, and after reaching the age of 65, the amount of benefit payable depends on the coverage type chosen.
Coverage Type
  Benefit payable is the total of:

(a) Sum Covered* payable from the PRF; and
(b) Account Value in the PIA;
*subject to Juvenile Lien as per table below:
 
Age Next Birthday % of Sum Covered Payable
1 year old 20
2 years old 40
3 years old 60
4 years old 80 80
5 years old onwards 100
 
What is this plan about?
i-Care Rahmat is an investment-linked plan that provides a lump sum benefit payment upon Death or Total and Permanent Disability (TPD) or Old Age Disablement (OAD), whichever earlier, during the certificate term.
 
What are the covers / benefits provided under i-Care Rahmat?
Benefit Description
Death In the event of death of the Person Covered (any causes) while the certificate is still in force, the amount of benefit payable depends on the coverage type chosen.
Total and Permanent Disability (TPD) before attaining age 65 In the event of TPD of the Person Covered (any causes) prior to basic certificate term, and before attaining age 65, the amount of benefit payable depends on the coverage type chosen after a waiting period of 6 months.
Old Age Disablement (OAD) after attaining age 65 In the event of OAD of the Person Covered prior to basic certificate term, and after reaching the age of 65, the amount of benefit payable depends on the coverage type chosen.
 
What is the coverage type available?
Benefit payable is the total of:

(a) Sum Covered* payable from the PRF; and
(b) Account Value in the PIA;
*subject to Juvenile Lien as per table below:
 
Age Next Birthday % of Sum Covered Payable
1 year old 20
2 years old 40
3 years old 60
4 years old 80 80
5 years old onwards 100
 
Can I change the coverage type subsequent to the inception of the Certificate?
No, change in coverage type is not allowed.
 
Are there any optional riders attachable to this plan?
Yes, currently there are 7 optional riders available to be attached to i-Care Rahmat as per table below:
Contribution Paying Rider Description
Additional Critical Illness 2 This rider provides benefits in the event of Person Covered is diagnosed to have suffered from any of the 36 specified critical illnesses². The benefits payable will not impact your Sum Covered.
Unit Deducting Rider Description
Medi-Auni This rider provides hospital and surgical benefits in the event of Person Covered is hospitalised or receiving treatment due to accident or illnesses covered under this rider.
Living Care Rider (LCR) Provides waiver of contribution for the future remaining total contribution of the basic certificate and any other attaching riders (as per Takaful Certificate) to PIA, upon Participant attaining ANB 80 or up until the Contribution term. In the event of Participant die/TPD/OAD/ diagnosis of any of the 36 critical illnesses, whichever is earlier.
Hospital Income Benefit 3 (HIB3) Upon hospitalisation of the Person Covered due to illness or injury during the coverage term of the rider, a fixed cash amount will be payable for each day the Person Covered is hospitalised.
Payor Care 2 Rider (PC2R) Provides a sum of amount which is equivalent to total future remaining contributions under the basic plan and any other attaching riders (as per Takaful Certificate) to PIA, upon Participant attaining ANB 80 or up until the Contribution term, whichever is earlier, in the event that the Participant dies or suffers TPD, whichever is earlier.
Top-Up Care 2 Rider (TC2R) Provides a sum of amount which is equivalent to total future remaining regular top-up to PIA, up to Regular Top-Up Contribution Term or upon Participant attaining ANB 80 or up until the Contribution term whichever is earlier. In the event that the Participant dies or suffer TPD, whichever is earlier.
Accidental Death and Dismemberment 2 (ADD2) This rider provides benefits in the event of Person Covered is died or dismembered due to accident during this rider term.
²You may find the list of critical illnesses covered under this rider in Appendix I.
 
How much contribution do I have to pay?
The total contribution that you have to pay may vary depending on the sum covered multiple and our underwriting requirements.
We allocate a portion of the contribution to purchase units in the investment-linked fund that you have chosen. Any unallocated amount will be used to pay wakalah fees, which include commissions to agents and other. You are advised to refer to the allocation rates given in the benefit illustration.
 
What is the contribution payment mode?
You can pay the contribution on annually, half-yearly, quarterly or monthly basis.
 
How can I pay the contribution?
You can pay your contribution by:
  • E-Payment: Auto Debit, BPA, Direct Debit & Standing Instruction
  • Cash and Cheque: Quarterly, Half- yearly & Annual (Case to Case Basis)
 
What are the fees that I have to pay?
  • The tabarru' charges are deducted monthly from the value of your units. The tabarru' charges will increase as you grow older. Details of tabarru' charges and other charges for this plan are given in the benefit illustration.
  • The wakalah fee is an upfront charge on the contribution paid and is used to meet our expenses and direct distribution cost, including commissions payable to the agency.
  • Other charges information are as follows:
Fee/ Charge Amount
Monthly Service Fee* RM 5 per month
*The charges are still subject to Goods and Services Tax (“GST”)
 
What is the minimum Sum Covered offered?
The minimum Sum Covered is RM10,000.
 
Can I change my Sum Covered subsequent to the inception of the certificate?
Yes, change in Sum Covered is allowed. You may increase or reduce the Sum Covered at Contribution Due Date (subject to the minimum Sum Covered multiple). Any request for increasing the Sum Covered will be further subject to underwriting. The revised tabarru’ will be deducted from the next Contribution Due Date onwards.
 
What is the minimum and maximum entry age for this product?
The minimum entry age is 30 days old and the maximum entry age is 70 years old, age next birthday.
 
When is the expiry date for this plan?
The certificate will expire when you are 100 years old, age next birthday.
 
Who will receive the death benefits upon my death?
You can choose who will receive the benefits upon your death by filling in a Nomination form. Your Certificate will state whether you have already nominated a person to receive the benefits. If you have not nominated anyone, please complete the Nomination form which can be obtained from our head office and send it to us immediately.
 
How do you make payment for TPD and OAD benefits?
We will pay TPD and OAD benefits after 6 months of regular medical attendance and with the provision that you are not able to recover thereafter. The basic Sum Covered will be payable 6 months from the time of incidence of TPD and OAD. For Presumptive TPD, the benefit will be payable immediately.
 
Can I cancel my certificate?
Participating in i-Care Rahmat involves a long-term financial commitment. It is not advisable to hold this certificate for a short period of time in view of the high initial costs. If you find that the fund that you have chosen is no longer appropriate, you have the flexibility to switch fund. You are allowed to switch fund anytime you want without any imposed charge.
Frequently Asked Question for Medi-Auni
 
What is this plan about?
Medi-Auni is a unit deducting individual hospital and surgical takaful rider that provides long term medical coverage up to age 100 with different options of deductible amount prior to and after attaining the retirement age of 60 years old.
 
Who is eligible for Medi-Auni?
Medi-Auni is available to individuals aged between 30 days and 70 years old.
 
What are the deductible options available?
The deductible options available for you as per below table:
Option Pre-retirement Deductible (RM) Post-retirementDeductible (RM)
1 0 0
2 20,000 5,000
3 20,000 20,000
 
How long can I be covered?
It will depend on your basic plan’s term of coverage.
 
How many plans that are available?
Medi-Auni offers 3 plans. You may refer Schedule of benefits for Medi-Auni for more details (Appendix II).

For more information :
Please contact HLM Takaful directly at (603) 7650 1800 or
Email us at ReachUs@takaful.hongleong.com.my

For claims enquiry :
Email us at Claims@takaful.hongleong.com.my

Level 5, Tower B, PJ City Development,
No.15A, Jalan 219, Seksyen 51A,
46100 Petaling Jaya, Selangor
Tel: (603) 7650 1800
Fax: (603) 7620 6730