A managed investment plan is an investment vehicle that allows your money to be pooled with that of other investors, and together you have the advantage of our professional investment expertise investing in a portfolio of diversified investments.

To take control of your investment, we provide you with selection of MAA investment-linked funds for you to choose from. Each MAA fund is invested in a diversified portfolio that is spread across the major sectors of the investment market. Investing in such a fund may help you achieve your financial goals by providing a mix of capital and income returns and spreading the risk across assets classes.

A MAASTER Savings Plan (MSP) reduces the administrative burden of you investing directly, while at the same time providing you with the protection and security of a Guaranteed Death and Total Permanent Diability (TPD) benefit.

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Guaranteed Death & TPD Benefit

1. 125% of the Initial Premium; or

2. 5 times annualised Regular Premium

Upon insured's death or TPD:

1. The Guaranteed Benefit, plus

2. 100% of the Investment Account Value* held at the date of death or TPD, will be payable.

TPD benefit is only payable prior to the attainment of age 60. The policy shall terminate upon payment of the Death or TPD Benefit.

Minimum Initial Premium

Minimum Regular Premium

Premium is payable throughout the policy term. For greater flexibility, you can also choose your payment mode of quarterly, semi-annually or annually.

Service Fee

1. 6.00% of Initial & Regular Premium (1st year)
2. 5.00% of Regular Premium (2nd - 10th year)
3. 3.75% of Regular Premium (thereafter)

Management Fee

Policy Fee

1. RM5 per month (for annual mode)
2. RM6 per month (for other modes)

Partial Withdrawal

Minimum Investment Balance: RM2,000

Charge per Withdrawal: RM50

Switching of Funds

Switching Fee: 1 free switch in each policy year, RM50 per switch thereafter

Surrender

Irregular Top-Up

Top-Up Service Fee: 5.00% of top-up amount plus RM25

Insurance Charge

Partial withdrawal or full surrender of an investment may be made by redeeming units in an Investment-Linked Fund. The surrender value of the policy is the Investment Account Value* plus unearned portion of the insurance charge, less surrender charge and any indebtedness.

Withdrawals do not affect the Guaranteed Death and TPD Benefit as it is related to the Regular Premium only.

*The Investment Account value will fluctuate based on the underlying performance of the Investment-Linked Fund.

The fees and charges are subject to revision from time to time by the Company. The Company has the right to revise the fees and charges by giving policyholders 3 months notice in writing prior to policy anniversary.

Sample of Monthly Insurance Charge (Age 30, Male)

MSP: RM2.28 for RM12,500 Guaranteed Death & TPD Benefit

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Eligibility

The success of the MAASTER Savings Plan (MSP) is linked to a variety of different types of investments, including shares bought on the Bursa Malaysia, fixed income securities such as bonds, and cash deposits; and Syariah approved financial investments. This means that MAASTER Savings Plan (MSP) over the long-term period, will benefit from any gains made in the stock market as well as earn high interest rates from bonds and cash deposits.

2. Professional Investment Management

No longer do you have to worry abut what to buy, or when. MAA's professional investment management team has over 30 years' experience in money management buying and selling stocks and shares, bonds and placing funds in areas which secure the best rates of interest. This has resulted in thousands of investors making consistently good returns through bonuses & dividends as policyholders of MAA. Your MAASTER Savings Plan (MSP) provides professional money management around the clock, freeing you up to do the things you want to do, and providing you with peace of mind.

3. Investment Diversification

The MAASTER Savings Plan (MSP) invests into a large and diversified portfolio of investments on behalf of many investors. With large amounts to manage, the MAASTER Savings Plan (MSP) is able to invest in many different stocks and shares as well as place funds into guaranteed areas of return such as cash and bonds. This diversification allows all investors in the MAASTER Savings Plan, both large and small, to benefit from broad based and diversified investment. Diversification helps protect your investment from sudden downturns in individual shareholdings whilst providing returns when markets are rising.

4. Choice of Funds

The MAASTER Savings Plan (MSP) offers a selection of funds to choose from under one plan to suit your individual investment requirements.

5. Transfer or Switch Facility

The MAASTER Savings Plan (MSP) allows you to switch your investments from one fund to another whenever you need, giving you ultimate control over your investment exposure.

6. Life Insurance

The MAASTER Savings Plan (MSP) will pay out a Guaranteed Death & TPD in the unlikely event of something happening to you. This makes the MAASTER Savings Plan (MSP) an ideal planning vehicle when investing for your future or your loved ones.

7. Tax Advantages

Your MAASTER Savings Plan (MSP) is classified as a 'Regular premium investment-linked life insurance policy'. This means that under current arrangements, when you cash in part or all of your plan in the future, the proceeds are treated in the same way as other life insurance policies and are tax-free. This makes the MAASTER Savings Plan (MSP) an ideal investment vehicle for long term savings, especially if you would like to benefit from additional tax-free cash drawings from your MAASTER Savings Plan in retirement.

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How many units you will receive?

The allocated premiums will be used to purchase units in the MAA investment-linked funds of your choice. To calculate the number of units we will issue you, we divide the amount you invest, less the Service Fee, Policy Fee and Insurance Charge by the Units Price determined for the next business day (or immediate next Valuation Date) after an Application Form is received. A proportion of the service fee is used to pay intermediaries commissions.

What about valuation of Unit Price?

The unit price is valued at the end of each business day. It is derived by dividing the Net Asset Value on the business day before the Valuation Date by the number of units in issue of the relevant MAA investment-linked fund.

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