i-Great Prestij | A takaful shariah compliance saving plan for retirement
i-Great Prestij | A takaful shariah compliance saving plan for retirement
How can you achieve this great life? i-Great Prestij is a takaful retirement plan with savings that not only protect you and your loved ones from any uncertainties but also offer the potential for high returns to fulfil your aspirations. Your dream to see your children succeed in achieving their financial goals and for you to have a worry-free retirement is sure to become a reality.
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Key benefits
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Annual investment booster up to 20% of contribution
Upon survival of the Person Covered, a percentage up to 20% of the annualised Basic Contribution will be payable from the Tabarru’ Fund 2 into Participant’s Unit Account towards the purchase of units in accordance with the fund direction for Compulsory Saver based on 100% allocation rate.
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Enhance your coverage with an optional rider
Customise your takaful saving plan, i-Great Prestij, for more comprehensive protection with these optional riders:
● i-Saver Rider
95% of contributions payable will be allocated to the Participant’s Unit Account for savings and investment purposes.
● i-Provider Critical Illness Term Rider
Provides future contribution in the event of Person Covered diagnosed with one of the critical illnesses except angioplasty.● i-Contributor Protection Plus Term Rider
Provides future contribution in the event of contributor's death, Total & Permanent Disability or diagnosed with one of the critical illnesses except angioplasty.Note: The optional rider stated above is a contribution-paying rider.
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Maturity booster up to 500% of annual contribution
Upon maturity of this takaful saving plan, a percentage up to 500% of total annualised Basic Contribution will be payable from Tabarru’ Fund 2 on top of the Maturity Benefit, as long as the certificate stays in force.
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Compassionate benefit
Upon death of Person Covered, the compassionate benefit shall be payable from Tabarru' Fund 1.
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Total & Permanent Disability and Death benefit
In the event of Total & Permanent Disability prior to the Certificate anniversary before 70 years attained age, or death prior to certificate maturity, a lump sum payment of the benefit will be payable. Please refer to this takaful saving plan product brochure for more information.
How i-Great Prestij works
Let us match you with a qualified Takaful advisor
Our Takaful advisor will answer any questions you may have about our products and planning.
How can we help you?
Understand the details before participating
- i-Great Prestij is a Family Term Takaful Plan with combination of Takaful Protection (Traditional Takaful Component) and Compulsory Saver (Investment-Linked Takaful Component) that provides coverage upon Death or Total Permanent Disability of the Person Covered as well as Compassionate Benefit of RM2,000 upon death of Person Covered. The investment-linked component which is Compulsory Saver is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts.
- Age refers to age next birthday. Contributions are payable following the contribution payment term or upon death or Total & Permanent Disability of the Person Covered, or termination of the certificate, whichever occurs first.
- You should be convinced that this plan will best serve your needs and that the contributions payable under the certificate are affordable to you.
- You may stop paying contributions and still enjoy protection as long as there are sufficient amount of money in the Participant’s Individual Account to pay for the Tabarru’, where applicable. However, there is a possibility of certificate lapsing when the required charges, including Tabarru’, exceed the money available in Participant’s Individual Account and Participant’s Unit Account.
- A “Free-Look Period” of 15 days from the delivery of the certificate is given for you to review the suitability of the plan. If the Certificate is returned to us during this period, we shall refund an amount equal to the sum of:
i. total Takaful Contribution (if any), and
ii. total values in Participant’s Unit Account (if any) of this certificate, and
iii. unallocated Investment Linked Compulsory Saver Contribution.
- You may receive the Cash Value in Participant’s Individual Account (if any) and Total Values in the Participant’s Unit Account (if any) upon termination or maturity of this plan, which may be less than the total allocated contribution into the Participant’s Individual Account and Participant’s Unit Account. You also may receive Maturity Value from the Tabarru’ Fund 2 (if any). No benefits will be payable from the Tabarru’ Fund 1 upon termination or maturity.
- The Participant’s Individual Account and Participant’s Unit Account will be based on the actual performance of the fund and is not guaranteed. The investment risks under this plan will be borne solely by you and both the Participant’s Individual Account and Participant’s Unit Account may be less than the total contributions contributed to the fund. Depending on the fund's performance, the Certificate value may decrease. There is a possibility of Certificate lapsing when the required charges (including Tabarru’) exceed the total value of the Participant’s Individual Account available. The sustainability of the plan depends on the performance of the underlying fund(s).
- Participating in a Family Takaful plan is a long-term financial commitment. If you do not pay your contributions within the grace period of 30 days, your Certificate may lapse. The accumulated cash value that you may get upon cancellation of the Certificate before maturity period will be lesser than the total amount of contribution that you have paid.
- If you switch your Certificate from one Takaful Operator to another or if you replace your current Certificate with another Certificate within the same Takaful Operator, you may be required to submit an application where the acceptance of your proposal will be subjected to the terms and conditions of switching or replacement.
This information merely provides general information only and is not a contract of Family Takaful. You are advised to refer to the Benefit Illustration, Product Disclosure Sheet and sample Certificate for detailed features and benefits of the plan before participating in the plan. For further information on the investment-linked funds, please refer to the Fund Fact Sheets.
Great Eastern Takaful Berhad is a member of PIDM. The benefit(s) payable under eligible certificate/product is (are) protected by Perbadanan Insurans Deposit Malaysia (PIDM) up to limits. PROTECTION BY PIDM ON BENEFITS PAYABLE FROM THE UNIT PORTION OF THIS CERTIFICATE/PRODUCT IS SUBJECT TO LIMITATIONS. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Great Eastern Takaful Berhad or PIDM (visit www.pidm.gov.my).