Guide : Investment-Linked Takaful Protection
Learn more about factors that may affect your fund value and the steps you can take to enjoy takaful coverage for the entire term of your certification
Guide to Investment-linked Takaful Participants on Takaful Coverage
You have participated in an investment-linked certificate which is a takaful product that is tied to the performance of the investment fund(s) which you selected. This Guide gives you general information on factors that may reduce your fund value and steps that you can take to enjoy takaful coverage for the full term of your certificate. Please contact your servicing representative or contact us at 03-2723 9696 or ikhlascare@takaful-ikhlas.com.my if you have any questions.Let’s recap how your investment-linked certificate works...
A portion of your contributions (i.e. allocated contribution) are used to purchase units in the investment fund(s). Charges will be deducted from your investment funds, including charges to pay for your takaful. Your fund value needs to be sufficient to ensure continued takaful coverage for the full certificate term. If your fund value is insufficient and reduces to zero, you can take steps to maintain your takaful cover.
What could reduce your fund value?
Not paying contributions when it is duel
Choosing not to increase contributions when increasing protection cover (e.g. adding riders)
Poor investment return
What do you need to do?
Step 1:
Review your takaful coverage regularly
For the year 2019, we will inform you if your certificate is expected to be at risk of insufficient balance to pay for charges due.
From 1 January 2020 onwards, your annual statement will contain information on the expected duration of your takaful cover based on your fund value.
Step 2:
Take necessary actions* if there is a risk that your fund may become insufficient, to ensure continued takaful coverage for the full certificate term
Increase contribution payment or perform top up.
Reduce your takaful coverage.
How an investment-linked certificate works
MNRB Group
MNRB Group
Takaful Ikhlas Family Berhad
(200201025412) (593075-U)
9th Floor, IKHLAS Point, Tower 11A, Avenue 5, Bangsar South, No. 8, Jalan Kerinchi, 59200, Kuala Lumpur
(200201025412) (593075-U)
9th Floor, IKHLAS Point, Tower 11A, Avenue 5, Bangsar South, No. 8, Jalan Kerinchi, 59200, Kuala Lumpur
Takaful Ikhlas General Berhad
(201701019705) (1233870-A)
5th Floor, Bangunan Malaysian Re No.17, Lorong Dungun, Damansara Heights 50490 Kuala Lumpur
(201701019705) (1233870-A)
5th Floor, Bangunan Malaysian Re No.17, Lorong Dungun, Damansara Heights 50490 Kuala Lumpur
Takaful Ikhlas Family Berhad
(200201025412) (593075-U)
9th Floor, IKHLAS Point, Tower 11A, Avenue 5, Bangsar South, No. 8, Jalan Kerinchi, 59200, Kuala Lumpur
(200201025412) (593075-U)
9th Floor, IKHLAS Point, Tower 11A, Avenue 5, Bangsar South, No. 8, Jalan Kerinchi, 59200, Kuala Lumpur
Takaful Ikhlas General Berhad
(201701019705) (1233870-A)
5th Floor, Bangunan Malaysian Re No.17, Lorong Dungun, Damansara Heights 50490 Kuala Lumpur
(201701019705) (1233870-A)
5th Floor, Bangunan Malaysian Re No.17, Lorong Dungun, Damansara Heights 50490 Kuala Lumpur
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For info, contact Takaful IKHLAS or visit PIDM website.
For info, contact Takaful IKHLAS or visit PIDM website.
