Introduction
Having good education is the passport to a good
life. You know this, and that is why you always want
to ensure the best education for your child. With
the cost of good education increasing every year,
you need to start planning from now. For that, we
created IKHLAS EDUCATION TAKAFUL CLASSIC.
IKHLAS EDUCATION TAKAFUL CLASSIC is
a plan that helps you set aside a small amount each
month towards your
child’s education that will grow into a substantial
sum as time goes by. Plus, it provides coverage in
the event of death or disability of your child. A
range of flexible options is available from 6 to
23 years – to make your contributions until
maturity of the certificate.
What does IKHLAS Education Classic
Cover?
Enjoy insurance coverage for your child
as you save. This plan is specially designed for children
between the ages of 30 days to 12 years old, so that
you can start planning for their education early.
With this special plan, you will enjoy the following
benefits:
Death & Total Permanent Disability (TPD)
Benefits
Should death or TPD occur to your child before the
certificate matures, a lump sum amount of the Sum
Covered (SC) plus the accumulated amount in the Personal
Investment Account (PIA) will be paid to you. However,
should death / TPD occur before your child reaches
five (5) years old at the next birthday, the amount
payable will be as follows:
Juvenile Lien
 |
|
 |
| |
| Age
at Death / PD
( Next Birthday ) |
Percentage
of SC Payable |
1
Year
|
20
%
|
2
Year
|
40
%
|
3
Year
|
60
%
|
4
Year
|
80
%
|
5
Years and above
|
100
%
|
|
|
 |
|
 |
|
Why
IKHLAS Education Classic Takaful?
Maturity Benefit
Upon maturity of the certificate, your child will
receive a lump sum amount equivalent to the accumulated
amount in the PIA.
Cash Withdrawal
Partial cash withdrawals from the PIA are allowed
after the certificate has been in force for a minimum
number of five (5) years. Only three (3) withdrawals
are allowed during the lifetime of the certificate.
Subsequent withdrawals must satisfy a minimum gap
period of two (2) years between withdrawals. A transaction
fee of RM15.00 is chargeable from the PIA for each
transaction.
Top-Up Contribution
Top-up contributions are allowed from the commencement
of the certificate. The amount of top-up is subject
to a minimum of RM50.00 per top-up, which will be
solely allocated to the PIA.
Excellent Achiever Award
Under this plan, Participants will be rewarded for
excellent academic results in the UPSR, PMR or SPM
examinations. This benefit is payable if the certificate
if at the time of examination the certificate has
been in force for a minimum of three (3) years. The
award benefit schedule is as follows:
|
|
|
| |
| |
EXCELLENT |
ACHIEVER |
AWARDS |
| No. |
Examination
Category |
Minimum
Criteria |
Benefit
Payable |
1.
|
UPSR
(Standard 6) |
5A |
RM100 |
2.
|
PMR
(Form 3) |
7A |
RM100 |
3.
|
SPM
(Form 5) |
7A |
RM100 |
|
|
|
|
|
Age
and issue limitst
Issue Ages: 30
days – 12 years
(age of next birthday)
Issue Limits: Minimum of RM 10,000
Maximum of RM 150,000
Expiry Age: Upon attainting age of 18 - 23 years
old
Coverage Terms: 6 – 22 years
Save for your child’s future whilst
enjoying better returns
Our IKHLAS Model allows a bigger portion of your
account to be utilised for investment purposes, which
gives you a more optimized rate of return. It also
provides for more frequent allocation of investment
income and surplus to the participant’s investment
account. Immediate reinvestment of these investment
income and surplus will in turn provide a better
total return.
|
