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The Takaful Concept
Takaful is a mutual assistance scheme based on the principles of shared responsibility, cooperation and common interest. Each participant contributes on the basis of Tabarru’ (donation) into a fund that will be used to support each other in times of need.
Give the proper education for your children
A strong education is the most valuable gift that you can give to your children. However, the increasing education cost in University and an unpredictable life journey requires us to put aside a provision to ensure our children’s education will not be at risk. By choosing PruBSN Impian, you will be confident that you have already provided them a gift for a lifetime. There is no other plan that is as complete and as simple as PruBSN Impian. That is the reason why this plan is the right plan for you and your children. |
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How Does the PruBSN Impian Work for My Children? |
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Protect The Education and Well Being Of Your Children’s Future
PruBSN Impian is a fixed contribution investment link plan that matures when your children reach 25 years old. This plan does not only provide a protection for the education and well-being of your children, it is also flexible enough to suit you and your children’s ever changing needs.
Now you can give your children two most valuable gifts – education and protection – in one innovative combination of a unique plan.
PruBSN Impian Packages
Table 1 – For Child age 1 to15 and Parent age 20 – 40 1
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Plan A |
Plan B |
Plan C |
| Basic Contribution |
RM30 |
RM40 |
RM50 |
| Takaful Saver Contribution |
RM30 |
RM40 |
RM50 |
| Total Contribution |
RM60 |
RM80 |
RM100 |
| Coverage |
| Basic |
RM15,000 |
RM20,000 |
RM25,000 |
| Parent Contributor |
Yes |
Yes |
Yes |
| Takaful Saver Parent Contributor |
Yes |
Yes |
Yes |
| Critical Illness |
— |
RM10,000 |
RM10,000 |
| Hospitalisation Benefit |
— |
— |
1 Units |
| Medical Cover |
— |
— |
— |
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Table 2 – For Child age 1 to15 and Parent age 41 – 49 1
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Plan D |
Plan E |
| Basic Contribution |
RM50 |
RM80 |
| Takaful Saver Contribution |
RM50 |
RM80 |
| Total Contribution |
RM100 |
RM160 |
| Coverage |
| Basic |
RM22,000 |
RM35,000 |
| Parent Contributor |
Yes |
Yes |
| Takaful Saver Parent Contributor |
Yes |
Yes |
| Critical Illness |
RM10,000 |
RM10,000 |
| Hospitalisation Benefit |
— |
— |
| Medical Cover |
— |
— |
Notes:- 1 Age refers to age next birthday
Coverage
Death:
The sum covered and the remaining value in the Participant’s Unit Account (PUA)*, Individual Special Account (ISA)** plus amount available in Individual Special Account (ISA)*** will be paid should death occur.
* PUA is the account where units are allocated, depending on the amount of linked contribution paid and surplus and/or profit arising.
** ISA is the account where supplementary benefit contributions and surplus and/or profit arising shall be paid.
*** IUA is the unitized account where Takaful Saver supplementary benefit contribution allocated.
Total and Permanent Disability (TPD):
The sum covered will be paid should TPD occur before the age of 25 while the PUA, IUA and the value in your ISA will remain in your account.
Should the child die or suffer from TPD before the age of 5, the proportion of the Sum Covered that shall be paid are as follows: |
| Child's age n.b. |
% Sum Covered |
| 1 |
20% |
| 2 |
40% |
| 3 |
60% |
| 4 |
80% |
| 5 |
100% |
Contributor:
In the event of death, TPD before age 60 or diagnosis of critical illness on
the parent of participant, the benefit will assist the participant with future
contributions to the plan. Payment of annual benefit will cease upon death
of participant or upon reaching age 25.
Crisis Shield:
Provides protection against a critical illness, ready for when you need it most.
Hospital Benefit:
Provides daily cash assistance in the event of hospitalisation.
Takaful Saver:
A regular contribution investment-linked rider for investment purposes only, where the contributions will be used to purchase units in the Investment Unit Account (IUA). For takaful terms of less than or equal to 20 years, the Takaful Saver rider attachmentis made compulsory at a 1:1 ratio to the basic plan.
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For Your Savings Needs
We will also help you plan your savings by providing you with a managed fund to invest in. Where a proportion of your contributions are allocated to buy units in the investment fund under Takafulink Dana Urus. The contributions are allocated according to the certificate year and its corresponding percentages.
| Certificate Year |
1 |
2 |
3 & above |
| Contribution allocation |
40% |
70% |
100% |
This certificate may qualify you for the RM3,000 education tax relief.
You may make a partial withdrawal to meet your changing needs for a minimum amount of RM1,000 provided the value of remaining units is at least RM4,000.
In the event of non-payment of the regular contributions, the charges will continue
to be deducted until such time when the value in the PUA and/or ISA has depleted to zero and the certificate shall be deemed as lapsed. |
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Your investment will be invested in Takafulink Dana Urus fund which is a managed fund that seeks to maximise returns over medium to long term. This is achieved by investing in Shariah-approved shares and securities.
Past actual performance is not a guide to future performance which may be different. The investment risk of the funds will be borne solely by you and the performance of the funds is not guaranteed.
The value of the fund may fall below the amount of contributions you paid depend on the performance of the underlying assets.
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Every participant is entitled to share the underwriting surplus and investment profit, if any. Underwriting surplus arising will be distributed to the participants by crediting back to their ISA and buying additional units in PUA while the investment profit will be shared between the participants and the company at 70% / 30% ratio respectively.
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Who can take up PruBSN Impian? |
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Anyone who has children aged between 1 and 15 years old can take up the plan. Parents own the certificate and they will match the plan for the benefits of their children.
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With the PruBSN Impian Plan, you can start protecting your children health and financial future for as little as RM1.64 a day. Just determine the affordable monthly contribution amount to set aside every month for your child.
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What are the Wakalah charges****? |
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Service Charge |
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RM5 monthly for certificate servicing expense and debited from the PUA. |
Tabarru’ |
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Represents the amount that the participant willinglyrelinquishes in order to help contribute to the benefits for all participants who are entitled to the benefits. |
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Is the pooling of funds for the purpose of solidarity and cooperation among the participants, used to help all participants in times of misfortune. |
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Levied monthly based on your age, gender, smoking status, occupation class (if applicable) and sum covered. |
Asset Management Charge |
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1.3% per annum (Subject to revision in the future) |
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The charges are levied daily based on the corresponding PUA and IUA fund values and reflected in unit price. |
Risk Management Charge |
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For risk management of Tabarru’ Fund. |
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Deducted from Tabarru’ on monthly basis. |
Commission and Distribution related Charge |
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For commission and distribution related expenses.
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Commission paid as percentage of contribution as follows: |
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| Certificate Year |
1 |
2 to 7 |
8 |
9 |
| Commission (%) |
20 |
5 |
3 |
1 |
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****The fees and charges may vary from time to time with a 90 days’ given notice.
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How to Lodge a Complaint? |
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With the PruBSN Impian Plan, you can start protecting your children health and financial future for as little as RM1.64 a day. Just determine the affordable monthly contribution amount to set aside every month for your child.
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All investment of this plan are invested in Shariah-approved shares and securities. This plan is Shariah-compliant products.
Important: This brochure is a brief description only. For exact details of terms and conditions, please refer to your certificate document.
Disclaimer: You should satisfy yourself that this product will best serve your needs and that the contribution payable under the certificate is the amount you can afford.
If there are any discrepancies in translation of the Bahasa Malaysia and/or Chinese versions, the English version shall prevail.
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| For more information / enquiries: |
| Please contact our Customer Services |
| Address |
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Level 8A, Menara Prudential, No. 10, Jalan Sultan Ismail, 50250 Kuala Lumpur . |
| Tel |
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603-2053 7188 |
| Fax |
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603-2072 6188 |
| E-mail |
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customer@prubsn.com.my |
| Or |
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| Click Here |
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Important: This brochure is a brief description only. For exact details of terms and conditions, please refer to your certificate document.
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