GoldenSecure-i Style

About GoldenSecure-i Style

Wakalah

This plan applies the wakalah (agency) concept, where all Certificate Holders appoint AmMetLife Takaful as a wakeel (agent) to act on their behalf to invest and manage the Participant Investment Fund (“PIF”) and Participants Risk Fund (“PRF”). AmMetLife Takaful is entitled to a wakalah fee for managing and investing the funds.

Tabarru’

This is the net of contribution after the deduction of the wakalah fee and will be allocated into the PIF. The tabarru’ amount is deducted monthly from your PIF and allocated into the PRF. The tabarru’ amount increases as you grow older.

Qardh

This is an interest-free loan from AmMetLife Takaful in the event that the PRF is in deficit. The loan will be paid from the future surplus arising from the PRF.

The main difference is that, with a takaful based investment-linked plan, the allocated contribution for investment purposes is invested in Shariah-approved funds. In addition, the plan enables you to benefit from the net surplus (if any) that is available in the PRF by crediting additional unit(s) into the PIF.

Key Benefits

High Allocation Rate

Allocation rate is the percentage of your contribution used to purchase units in the funds. GoldenSecure-i Style offers competitive allocation rates of 95% (i.e a larger portion of your contributions will be allocated into the funds), enabling you to fast track your financial objectives.

Death, Total Permanent Disability or Critical Illness Benefits

In the event of Death, Total Permanent Disability or Critical Illness when the certificate is in force, the sum covered or the prevailing value of units in the Participants Investment Fund (PIF) at unit price, whichever is higher, is payable.

Hand Heart

Surrender

The Certificate may be surrendered at any time for the prevailing value of PIF units at unit price, less a surrender fee.

Partial Withdrawal

Should the need arise, partial withdrawals may be made from the PIF. The minimum withdrawal amount is RM1,000 and the minimum remaining investment balance after partial withdrawal in the PIF is RM2,000.

Maturity

Upon maturity, the prevailing value of PIF units at the unit price is payable.

Surplus Distribution

50% of the net surplus (if any) from the Participants Risk Fund (PRF) will be distributed to the participants by crediting additional units into the PIF and 50% to AmMetLife Takaful Berhad. The PIF is linked to the performance of the said funds. 100% of the profit from the investment performance will be retained in PIF.

Switching

You may switch the funds at any time without any fee.

Claims

For any claims related issues, do not hesitate to contact us immediately.

Disclaimer:

The information, statement and/or descriptions contained herein are strictly meant to be general information for quick reference and illustration purposes only and are not intended to be the complete description of all terms and conditions applicable to any products mentioned herein. Please refer to the Product Disclosure Sheet (PDS) for more information.