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The Takaful Concept
Takaful is a mutual assistance Certificate based on the principles of shared responsibility, cooperation and common interest. Each covered participant contributes on the basis of Tabarru’ (donation) into a fund that will be used to support each other in times of need.
PruBSN Kasih. The takaful plan that ensures your home remains with your family.
Your home shelters you and your family by keeping veryone safe. Can you imagine the impact on your family if it is taken away?
With Prudential BSN Takaful Berhad’s (PruBSN) PruBSN Kasih, you don’t have to worry about that happening. With just a one-off contribution, you can ensure that in the event of your death, a lump sum payment will be made readily available to repay the outstanding home financing. |
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In the event of death or total and permanent disability, the sum covered along with total amount available in the Individual Special Account (ISA), will be payable to Bank Simpanan Nasional (BSN) to settle off the outstanding amount on your house financing.
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How much contribution do l have to make? |
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The single contribution you have to make depends on your age, the sum covered, the term of your coverage, the construction period, profit rates of the mortgage financing and whether it is a financed or non-financed case. For your convenience, BSN offers you the facility to finance your single contribution.
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We will deduct 20% from your single contribution as our wakalah fee for distribution and management expenses as well as an additional 5% as wakalah fee provision.
Investment profit (if any) arising from the investment in ISA and Tabarru’ Fund will be shared at a pre-determined ratio of 80% back to you through your ISA and 20% to the Takaful Operator. |
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Will I get a share of the surplus? |
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This is a unique feature of PruBSN Kasih where surplus arising (if any) from the Tabarru’ Fund, will be distributed to you through your ISA after deducting 30% as contingency reserve.
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Will I get any maturity value? |
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Yes, upon expiry of your Certificate, the balance amount in ISA will be payable to you as the maturity value.
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How can l take up the cover under PruBSN Kasih? |
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You qualify for cover under PruBSN Kasih if you are between 18 to 60 years of age, have taken up housing financing from BSN, the sum covered is more or equal to RM10,000 and the loan tenure is at least 5 years. Your cover commences after the single contribution is made and your application is approved.
BSN is the owner of the Master Certificate. In case of death or total & permanent disability, PruBSN will pay a Death Benefit or Total and Permanent Disability Benefit to BSN in order to settle off the outstanding amount on your house loan. All payments to covered participants will be made through BSN. |
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What are the exclusions?
Exclusion for the Death Benefit
Any death which is directly or indirectly caused by or in connection with suicide within one (1) year after the Entry Date.
Exclusions for the Total and Permanent Disability Benefit
Any condition / illness / injury / event which is directly or indirectly caused by or in connection with:
(a) any:
(i) attempted suicide;
(ii) self-inflicted injury; or
(iii)
self-inflicted illness;
WHETHER attempted / inflicted while sane or insane;
(b) any participation in any aerial sporting activities such as hang-gliding, ballooning, parachuting, sky-diving, bungee jumping and other such similar activities;
(c) any service in armed forces in a war (declared or undeclared) or in respect of any orders for war-like operations or restoration of public order;
(d)
any riot, civil commotion, strike or terrorist activities; or
(e)
any violation or attempted violation of any law or resistance to arrest.
What will l get if l cancel or surrender my Certificate?
You are given a 30-day free-look period upon receiving the Certificate to satisfy yourself that this plan will best serve your needs. Or, you may cancel your Certificate by informing BSN and we will refund your single contribution less any medical expenses incurred.
After the free-look period, you may surrender the Certificate by informing BSN where we will pay the amount available in ISA as cash value. |
Important Notice:
- This brochure is a brief description only. For exact details of terms and conditions, please refer to your Certificate document.
- The Certificate will not provide the takaful coverage upon termination of your Certificate.
- The balance in ISA (if any) will be payable to you upon expiry of your Certificate.
- You should satisfy yourself that the plan will best serve your needs and that the contribution under the Certificate is an amount you can afford.
- The benefits of the ISA will be based on the actual performance of the account and it is not guaranteed.
| 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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