Ikhlas Education Takaful

Introduction IKHLAS EDUCATION TAKAFUL provides long-term assurance for your child’s future as it ensures his/her future education needs are realized. What does IKHLAS Education cover? IKHLAS EDUCATION is an education plan designed for children aged 30 days to 12 years old. IKHLAS EDUCATION provides the following benefits: Flexible Maturity Age You have the option to choose the maturity age of the Certificate i.e. when your child reaches between the ages of 18 and 23 years old. Partial Cash Withdrawal Up to three (3) times throughout the Certificate’s tenure of a maximum of 50% (3 combined withdrawals) from the Personal Investment Account, starting from the sixth year. Maturity Benefit Upon maturity of the certificate, child will receive the accumulated amount in the Personal Investment Account (PIA) and Personal Risk Investment Account (PRIA) Child’s Death Benefits A lump sum amount of the Sum Covered (SC) plus the accumulated amount in the Personal Investment Account (PIA) and Personal Risk Investment Account (PRIA) will be paid to participant next of kin. Waiver of Contribution In the event of the payor’s death or payor suffering from total permanent disablement (TPD) within the takaful period, all future child contributions will be paid through the fund until the maturity date. Contribution Amount Flexible contribution amount.

Why IKHLAS Education? Excellent Achiever Awards Your child will be awarded RM100 per distinction for scoring straight As in UPSR (minimum 5As), PMR (minimum 7As) or SPM/SPVM (minimum 7As). Top-up Contribution You can top-up your contribution when the Certificate reaches a minimum term of 1 year. Minimum top-up is RM50 which will be fully contributed into the Personal Investment Account. Better Iinvestment Return The Takaful IKHLAS Model allows the Company to optimize investment return to the participants. (Please contact us for further info). Age and issue limits Issue Ages : Payor 20 - 50 years, age next birthday, male/female Child 30 days - 12 years, age next birthday Issue Limits : Payor - [Child Annual Contribution] x [Term of the Policy] Child - Minimum - RM10,000 Maximum - RM30,000 Expiry Age : Upon participant attaining 75 years old, age next birthday Coverage Terms : 6 – 22 years