HLM Takaful Premier Growth

This single contribution Investment-Linked Takaful (ILT) plan offers combination of takaful protection and investment. It provides coverage for death, Total and Permanent Disability (TPD) and Old Age Disablement (OAD) during the term of the certificate. The Account Value will be payable at the end of the coverage term if no death/TPD/OAD claim has been made. The Account Value (value of the units in Participant's Investment Account) shall depend on the price of underlying units, which in turn depends on the performance of your chosen fund.

(a) Tabarru’ means donation from the portion of the contribution that will be allocated to the Participants' Risk Fund (PRF), which will be used for mutual aid and assistance among the fellow participants.

(b) Iltizam Bi Al-Tabarru’ means the commitment to make Tabarru'.

(c) Wakalah means essentially an agent-principal relationship, where the Takaful Operator act as an agent on behalf of the participants to manage the PRF and Participant’s Investment Account (PIA) and the Takaful Operator earns Wakalah Fee for services rendered.

(d) Wakalah Bi Al-Istithmar means agency contract for investment whereby the Takaful Operator acts as an agent (wakil) to the participants to invest their contribution accordingly. The Takaful Operator will not be entitled to any profit or bear any loss. However, the Takaful Operator are entitled to be remunerated based on the fixed percentages of Account Value, as per the rates set out as Fund Management Charge(s) shown in the Schedule, for managing the fund(s).

(e) Ju’alah means an agreement in which the participant agrees to reward the Takaful Operator for its achievement or good performance in managing the PRF that leads to Surplus of the fund.

The minimum entry age is 30 days old while the maximum entry age is 65 years old, age next birthday (ANB).

You can choose to be covered up until age 80 or 100 ANB.

The minimum Basic Sum Covered for this plan depends on your age while the maximum Basic Sum Covered is subject to underwriting requirement.

In the event of death of the Person Covered prior to maturity and while the certificate is still in force, the death benefit payable is the higher of Basic Sum Covered or PIA value.

In the event of TPD of the Person Covered prior to maturity and while the certificate is still in force (TPD coverage until age 65 next birthday), the TPD benefit payable is the higher of Basic Sum Covered or PIA value.

The current maximum TPD limit per life is RM 8 million, for all TPD benefits payable under all certificates (including riders) already issued or to be issued, including this certificate in respect of the same Person Covered.

In the event of OAD of the Person Covered after the Person Covered’s 65th birthday, prior to maturity and while the certificate is still in force, the OAD benefit payable is the higher of Basic Sum Covered or PIA value.

The current maximum OAD limit per life is RM 1 million, for all OAD benefits payable under all certificates (including riders) already issued or to be issued, including this certificate in respect of the same Person Covered.

In the event of death, 10% of the Death Benefit will be payable to the entitled claimant within 7 working days after receiving a burial certificate of the Person Covered. The remaining Death Benefit will be payable upon receiving complete documentation for proof of death.

If no death, TPD or OAD claim has been made prior to the maturity of the certificate, the PIA Value (if any) will be payable.

In the event of death, TPD or OAD, an amount will be deducted from the Takaful benefit payable under your certificate and paid to the service provider appointed by us. The details of services that you may choose are listed below:

Note: The amount shown above (except for Waqf) is subject to the prevailing market price in the year the service is carried out.

No, change in coverage is not allowed.

There is no rider attachable to this product.

You may choose the contribution amount that is suitable for your needs, subject to a minimum of RM8,000.

This is a single contribution product, where only one-time contribution payment is required.

You can pay your contributions via cash, credit/debit card or e-Wallet.

Yes. You may qualify for a personal tax relief for the contributions paid under “Life Insurance/Takaful” up to RM3,000, subject to the final decision of the Inland Revenue Board of Malaysia.

You may surrender your certificate by returning the certificate to us with a written notice signed by you. The PIA value at the next valuation date less any surrender fee, will be payable to you. You will lose the benefits under your certificate and the amount payable to you may be less than the total contributions that you have paid.

(a) No Takaful benefit except the Account Value (if any) shall be payable if death results directly or indirectly from suicide within twelve (12) months from the commencement date or date of reinstatement of the certificate, whichever is later.

(b) The TPD/OAD Benefit is not payable if the TPD/OAD results directly or indirectly by self-inflicted injury while sane or insane or any condition or disability that existed prior to or at the commencement date.

Note: This list is non-exhaustive. Please refer to the Takaful Certificate for the full list of exclusions.