What is HLM Takaful i-Flexi Protect?
This is an ordinary family takaful with regular contribution that offers a takaful protection. It provides coverage for death during the term of the certificate. The Account Value in Participant’s Account will be payable at the end of the coverage term if no death claim has been made. The Account Value shall be based on actual performance and the investment returns are not guaranteed.
What are the Shariah concepts applicable?
(a) Tabarru’ means donation from the portion of the contribution that will be allocated to the Participants' Risk Fund (PRF), which will be used for mutual aid and assistance among the fellow participants.
(b) Iltizam Bi Al-Tabarru’ means the commitment to make Tabarru'.
(c) Wakalah means essentially an agent-principal relationship, where the Takaful Operator act as an agent on behalf of the participants to manage the PRF and Participant’s Account (PA) and the Takaful Operator earns Wakalah Fee for services rendered.
(d) Mudarabah means a contract between you and us whereby you provide the contribution to be managed by us for investment purpose. Any investment profit from the Participant’s Account is to be shared between you and us in the ratio of 90:10 respectively. In the event of investment loss, the loss will be borne by you provided that such losses are not due to our misconduct (ta`addi), negligence (taqsir) or breach of specified terms (mukhalafah al-shurut);
(e) Ju’alah means an agreement in which the participant agrees to reward the Takaful Operator for its achievement or good performance in managing the PRF that leads to Surplus of the fund.
What is the minimum and maximum entry age for this product?
The minimum entry age is 30 days old while the maximum entry age is 70 years old, age next birthday (ANB), subject to minimum coverage term of 10 years.
What is coverage term for this product?
You can choose to be covered up until age 60, 70, 80 or 90 ANB.
If you select coverage term of up to age 60, 70 or 80 next birthday, you may opt for the Continuous Coverage Option at the time of application, where the coverage term of the certificate will continue up to age 90 of the Person Covered for the basic certificate and the maximum coverage age of any attaching riders (except for Waiver of Contribution on Critical Illness 4 and Payor Care 3 Rider) PROVIDED there is sufficient Account Value in the PA to deduct for the fees and charges of the basic certificate and any attaching riders. Additional Contribution may be required if the Account Value is insufficient to cover all fees and charges till the end of Coverage Term.
You may notify us in advance to withdraw the Continuous Coverage Option before the maturity of the certificate. If you choose to withdraw the Continuous Coverage Option, the basic certificate and all the attaching riders shall be expired together with the basic certificate. If you do not opt for this option when first participate in this plan but subsequently request for Continuous Coverage Option, you may be subject to underwriting.
What are the minimum and maximum coverage?
The minimum Basic Sum Covered for this product is RM10,000 while the maximum Basic Sum Covered is subject to underwriting.
What will be payable in the event of death?
In the event of death of the Person Covered prior to maturity and while the certificate is still in force, the death benefit payable is the total of Basic Sum Covered AND Account value.
What will I get upon maturity of the certificate?
If no death claim has been made prior to the maturity of the certificate, the Account Value (if any) will be payable.
Can I know more about the Value-Added Services?
In the event of death, an amount will be deducted from the Takaful benefit payable under your certificate and paid to the service provider appointed by us. The details of services that you may choose are listed below:
| Service |
Amount (RM) |
Description |
| Hajj by Proxy |
3,500 |
Performing an obligatory Hajj (Pilgrimage to Mecca) on behalf of Muslim customers who are unable to perform Hajj by themselves due to sickness, old age or death. |
| Qurban |
750 |
Carrying out “Ibadah Qurban” on behalf of Muslim customers inclusive of purchasing and slaughtering livestock such as goat, sheep, cattle or camel. |
| Waqf |
500 |
A voluntary, permanent, irrevocable dedication of a portion of one’s wealth for religious or charitable purposes. |
Note: The amount shown above (except for Waqf) is subject to the prevailing market price in the year the service is carried out.
Can I change my coverage subsequent to the inception of the certificate?
Yes, change in coverage is allowed subject to the rules and procedures at the time of application.
What are the riders available to enhance my protection?
You may choose to attach any of the following riders to HLM Takaful i-Flexi Protect:
| Rider |
Description |
| Accelerated Disability Rider |
In the event the Person Covered is diagnosed to have suffered from Total and Permanent Disability (TPD) prior to attaining age 66 next birthday or Old Age Disablement (OAD) thereafter, the Rider Sum Covered will be payable and the Basic Sum Covered shall reduce accordingly. |
| Accelerated Critical Illness 4 Rider |
In the event the Person Covered is diagnosed with any one of the 36 Critical Illness (as per Appendix I) and provided that the Person Covered survives at least 30 days after the date of diagnosis, the Rider Sum Covered will be payable and the Basic Sum Covered shall reduce accordingly. |
| Additional Critical Illness 3 Rider |
In the event the Person Covered is diagnosed with any one of the 36 Critical Illness (as per Appendix I) and provided that the Person Covered survives at least 30 days after the date of diagnosis, the Rider Sum Covered will be payable. |
| Accidental Death and Dismemberment 3 Rider |
In the event the Person Covered dies, experience dismemberment, diagnosed to have suffered from Total and Permanent Disability (TPD) or Partial and Permanent Disability (PPD) due to accident, the Rider Sum Covered will be payable. The total or a proportion of the Rider Sum Covered (as per Appendix III) shall be payable if death, TPD or dismemberment occurs to the Person Covered as a result of an accident. |
| Accidental Medical Reimbursement 3 Rider |
In the event that the Person Covered receives medically necessary treatment within 104 weeks from the occurrence of an accident, the actual medical and surgical expenses will be reimbursed, subject to a maximum of 100% or 20% of the Rider Sum Covered per accident for inpatient and outpatient treatment respectively. The total reimbursement payable per accident is capped at 100% of the Rider Sum Covered. |
| Weekly Indemnity 3 Rider |
In the event the Person Covered is diagnosed to have suffered from a Temporary Total Disability or Temporary Partial Disability due to accident, 100% or 50% of Rider Sum Covered will be payable respectively for each week, during the period of the disability. The maximum period we will pay for both Temporary Total Disability and Temporary Partial Disability combined is 104 weeks for each accident. |
| Hospital Income Benefit 5 Rider |
In the event the Person Covered is hospitalised, a daily hospital benefit will be provided. |
| Medi-Auni 2 |
In the event of Person Covered is hospitalised or receiving treatment due to accident or illnesses, this rider will provide hospital and surgical benefits covered under this plan. |
| Waiver of Contribution on Critical Illness 4 Rider |
In the event the Person Covered is diagnosed with any one of the 36 Critical Illness (as per Appendix I) and provided that the Person Covered survives at least 30 days after the date of diagnosis, the future remaining Basic Contribution will be waived. |
| Living Care 2 Rider |
In the event the Participant dies, suffers from Total and Permanent Disability (TPD) prior to attaining age 66 next birthday, suffers from Old Age Disablement (OAD) after attaining age 66 next birthday or diagnosed with any one of the 36 Critical Illness (as per Appendix I) and provided that the Participant survives at least 30 days after the date of diagnosis, the future remaining Basic Contribution will be waived. |
| Payor Care 3 Rider |
In the event the Participant dies or suffers from TPD, the future remaining Basic Contribution will be waived. |
| Waiver of RAC on Living Care 2 Rider |
In the event the Participant dies, suffers from Total and Permanent Disability (TPD) prior to attaining age 66 next birthday, suffers from Old Age Disablement (OAD) after attaining age 66 next birthday or diagnosed with any one of the 36 Critical Illness (as per Appendix I) and provided that the Participant survives at least 30 days after the date of diagnosis, the future remaining Regular Additional Contribution will be waived. |
| Waiver of RAC on Payor Care 3 Rider |
In the event the Participant dies or suffers from TPD, the future remaining Regular Additional Contribution will be waived. |
| Waiver of RAC on Critical Illness 4 Rider |
In the event the Person Covered is diagnosed with any one of the 36 Critical Illness (as per Appendix I) and provided that the Person Covered survives at least 30 days after the date of diagnosis, the future remaining Regular Additional Contribution will be waived. |
Note: The rider details above are non-exhaustive. Please refer to the Product Disclosure Sheet or Takaful certificate for more details.
What are the contribution payment mode and method?
You can pay your contributions on an annual, semi-annual, quarterly or monthly basis via cash, credit/debit card, auto debit, direct debit, standing instruction or Biro Perkhidmatan Angkasa (BPA)
What is the contribution payment term for HLM Takaful i-Flexi Protect?
Contribution is payable up to the end of the coverage term.
What happens if I stop paying contribution?
In the event of non-payment of contribution, your Takaful certificate will remain in force as long as the balance in your PA is sufficient to cover the Tabarru’ and other relevant charges. If your PA becomes insufficient to cover all charges and no payment is made by you after a grace period of 30 days, your Takaful certificate shall lapse.
Are the contributions paid for HLM Takaful i-Flexi Protect eligible for income tax relief?
Yes. You may qualify for a personal tax relief for the contributions paid under “Life Insurance/Takaful” up to RM3,000, subject to the final decision of the Inland Revenue Board of Malaysia.
What happens if I terminate my certificate early?
You may surrender your Takaful certificate by returning the Takaful certificate to us with a written notice signed by you. The balance in your PA (if any) will be payable to you, less any surrender charge. You will lose the benefits under your Takaful certificate and the amount payable to you may be less than the total contributions that you have paid.
What are the exclusions for HLM Takaful i-Flexi Protect?
No Death Benefit except balance in the PA (if any) shall be payable if death results directly or indirectly from suicide within twelve (12) months from the commencement date or date of reinstatement of the certificate, whichever is later.
Note: This list is non-exhaustive. Please refer to the Takaful Certificate and/or Supplementary Takaful Certificate for the full list of exclusions of the basic plan and selected Rider(s).
Frequently Asked Question for Medi-Auni 2
This is a non-contribution paying rider that provides medical coverage up to expiry age chosen with different options of deductible amount prior to and after attaining the retirement age of 60 years old.
What is the minimum and maximum entry age for Medi-Auni 2 Rider?
The minimum entry age is 30 days old while the maximum entry age is 70 years old, age next birthday (ANB), subject to minimum coverage term of 10 years.
What are the deductible options available?
The deductible options available are as follow:
| Option |
Pre-retirement Deductible (RM) |
Post-retirementDeductible (RM) |
| 1 |
0 |
0 |
| 2 |
20,000 |
5,000 |
| 3 |
20,000 |
20,000 |
| 4 |
20,000 |
0 |
How long can I be covered?
This rider provides coverage until age 90 next birthday or up to the end of the basic certificate term, whichever is earlier.
How many plans that are available?
Medi-Auni 2 offers 3 plans. You may refer Schedule of benefits for Medi-Auni 2 for more details (Appendix II).
Appendix I – List of 36 Critical Illnesses
Appendix II – Schedule of Benefits for Medi-Auni 2
Appendix III – Schedule of Indemnities
For more information :
Please contact (603) 7650 1800 or
Email us at ReachUs@takaful.hongleong.com.my
For claims enquiry :
Email us at Claims@takaful.hongleong.com.my