Hassle-free enrolment for all applicants with no medical underwriting and check-up required1
Choice of contribution payment and contract term
- Flexibility to choose a contribution payment term and contract term that best suits your affordability and preference.
- Plan options: 10 Pay 20 Term, 15 Pay 25 Term or 20 Pay 30 Term.
Cash Payout (CP)
- Cash payout from the universal account will be payable every 2 contract years with a total of up to 400%2 of the takaful annualised contribution (excluding top-up contributions), starting from end of the 2nd contract year until the plan matures, provided that the contract is in force and all contributions are paid within the grace period of each contribution due date.
- The cash payout will be reinvested into the investment-linked funds with 100% allocation. The contract holder can choose to invest in one or a mixture of the investment-linked funds offered under this plan.
Coverage on Death/Total and Permanent Disability (TPD)³
(a) Death/TPD due to natural causes (within 24 months from the contract commencement date)
Higher of:
(i) 100% of the total takaful contribution paid (including top-up contributions) less the total cash payout (CP) paid; OR
(ii) 100% of the value of the universal account, immediately following the date of event.
(b) Death/TPD due to natural causes (after 24 months from the contract commencement date)
Higher of:
(i) 100% of the total takaful contribution paid (including top-up contributions) less the total CP paid; OR
(ii) 105% of the value of the universal account, immediately following the date of event.
(c) Death/TPD due to accidental causes
Higher of:
(i) 100% of the total takaful contribution paid (including top-up contributions) less the total CP paid; OR
(ii) 105% of the value of the universal account, immediately following the date of event,
PLUS
Additional 100% of the total takaful contribution paid (excluding top-up contributions)⁴.
Benefit (a), (b) or (c) will be payable together with the reinvested CP in the unit fund account (if any) as at the valuation date immediately following the date of event, less any indebtedness.
Final Benefit
Upon maturity of contract, you shall be paid the higher of:
the value of the universal account; or
up to 2000%2 of the takaful annualised contribution (excluding top-up contributions), provided that the contract is in force and all contributions are paid within the 30-day grace period of each contribution due date,
together with the reinvested cash payout in the unit fund account (if any) as at the valuation date immediately following the benefit end date, less any indebtedness.
Eligibility
Entry age: Based on the age of your last birthday basis.
Entry Age
10 Pay 20 Term*
15 Pay 25 Term**
20 Pay 30 Term***
Minimum
30 days old
Maximum
70 years old
65 years old
60 years old
Notes:
* 10 years of contribution payment term and 20 years of coverage term.
** 15 years of contribution payment term and 25 years of coverage term.
*** 20 years of contribution payment term and 30 years of coverage term.
• For the contract owner, the minimum entry age is 18 years old.
1 Not applicable for foreigner application, whereby underwriting may be applicable.
2 Amount varies depending on the plan chosen.
3 TPD coverage will cease on the contract monthly anniversary immediately following the person covered’s 70th birthday
4 The additional payout for accidental death/TPD coverage will cease on the contract monthly anniversary immediately following the person covered’s 70th birthday.
Important Notes
This product is managed by Sun Life Malaysia Takaful Berhad Registration No. 200501012215 (689263-M) (“Sun Life Malaysia”), a Takaful Operator regulated by Bank Negara Malaysia and registered under the Financial Services Act 2013.
Sun Life Malaysia Takaful Berhad is a member of Perbadanan Insurans Deposit Malaysia (PIDM). The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Takaful Berhad or PIDM (visit www.pidm.gov.my).
Disclaimer:
The description of the features and benefits of the takaful product herein is not a contract/certificate of family takaful and is only a brief summary of the takaful product for quick and easy reference. The complete terms and conditions of the takaful product are contained in the Contract/Certificate Document of Sun Life Malaysia Takaful Berhad Registration No. 200501012215 (689263-M), the Takaful Operator.
CIMB Islamic Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this takaful product and the services provided by the Takaful Operator. The Bank merely acts as a distributor for this takaful product.
This takaful product is the Sun Life Malaysia’s product and not a product of the Bank. Therefore this takaful product is not guaranteed by the Bank, its subsidiaries and/or its affiliates and the Takaful Operator shall undertake the full responsibilities, obligations and liabilities in respect of this takaful product.