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All you
want to know about...
Maax
Umaat |
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For
a life full of brightness and blue skies, choose.....
|
Maax
Umaat Protection
and Investment in One Account
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 Bahasa Malaysia version
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Contents |
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This is
not a Takaful product and the product is not design in line with Syariah
principles. However the funds, Dana Mas Maju and Seri Mulia, are invested
in compliance with Syariah principles.
You
should satisfy yourself that this plan will best serve your needs and that
the premium payable under the policy is an amount you can afford. All
information provided here is for illustrative purposes only. For further
details of the terms and conditions, please refer to the policy documents.
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| INTRODUCTION |
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Maax
Umaat
is a unique plan that provides protection and returns through
regular savings in order to ensure the future of you and you and
your family is safeguarded.
Every individual
dreams of having the most and the best of everything. Every
breadwinner of the family will always endeavor tirelessly to
provide the best for their families' needs - physical, mental and
economic. This is not always easy, as it has been said "The
sky is not always blue". Tomorrow is not something that we
can take for granted for while it may bring joy, it may also bring
sorrow.
Now your journey of
life can be full of brightness and blue skies - you need not worry
about those dark clouds on the horizon by choosing Maax
Umaat
from MAA Assurance.
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| BENEFITS
AND COVERAGE |
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| BASIC
PROTECTION
(Insured:
Min. 30 days old - Max. 69 Age last birthday)
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Death
You
have a choice of how much Life Insurance you need, which
is called the Basic Sum Assured. Upon death both the Basic
Sum Assured and the Investment Account balance are
payable.
Total
& Permanent Disability
Upon
Total and Permanent Disability before age 65, the Basic
Sum Assured is payable and you have the choice of:-
-
Terminating
the policy and receiving the Investment Account value;
or
-
Continuing
with the Investment Account
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| INVESTMENT
ACCOUNT |
The
balance of your premiums not allocated for Life Insurance
protection are allocated to invest into funds that are in
compliance with Syariah principles. The Syariah Funds are
Certified Syariah Compliant by HIJRAH.
MaaxUmaat gives you the
flexibility to top-up on a regular basis with MaaxSaver
(rider), which starts from as low as RM50 a month - whilst
giving you 95% premium allocation. In addition, you also
have the flexibility to top-up your investment at any time
with a minimum lump sum payment of RM2,000 - also at 95%
premium allocation. These top-up facilities are available
to you to maximise your investment.
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| KHUSUS
PROTECTION
(Insured:
Min. 30 days old - Max. 69 years Age last birthday)
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Funeral Expenses
(Khairat Kematian) of RM2,000. This benefit is payable
within 24 hours of presentation of claim supported by
certified copy of Police Report and Death Certificate.
An additional benefit of
RM5,000 is payable on death, where the beneficiary has an
option to use the benefit for the purpose of:-
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Repatriation
Benefit - Transportation of the body or mortal remains
of the insured person back to Malaysia.
- Ziarah - Cost incurred
in funeral/flight/hotel etc. for insured family to
arrange for funeral outside Malaysia.
- Other purposes.
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| ZIARAH
PROTECTION
(Insured:
Min. 16 years - Max. 64 years old Age last birthday)
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- 100% of your choice of
Rider Sum Assured is payable in the event of
Accidental Death or Total and Permanent Disability
(Max. RM100,000)
- 200% of the Rider Sum
Assured is payable if Accidental Death or Total and
Permanent Disability occurs in Saudi Arabia (Max.
RM200,000)
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| RIYAL
BENEFIT
(Insured:
Min. 30 days old - Max. 69 years Age last birthday)
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Guaranteed Cash
Payment of up to RM3,000 (your choice of a multiple of
RM300) at the end of every 3 policy years. |
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ELIGIBILITY,
BASIC SUM ASSURED AND EASE OF PAYMENT
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1. Eligibility
The
entry age of the Life Insured must be between 30 days old and 69
years (Age Last Birthday). However, the Policyholder / Payor /
Applicant must
be aged 18 years and above.
2.
Minimum Basic Sum Assured
As a
multiple of the Annual Premium (AP) according to the following table:
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MINIMUM Basic Sum Assured |
| Age |
Multiple of AP |
| < 35 |
AP x 40 |
| 36 - 45 |
AP x
30 |
| 46 - 55 |
AP x 20 |
| 56 - 69 |
AP x
10 |
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3.
Ease of Payment
The
minimum ANNUAL Regular Premium is RM600 but you have the flexibility to
also pay the premiums MONTHLY (minimum monthly premium of RM50),
QUARTERLY (minimum quarterly premium of RM150) or HALF-YEARLY (minimum
half-yearly premium of RM300). There is no limit on the maximum Annual
Regular Premium. Master and Visa Credit Card payment are accepted. Easy
payment by  
accepted
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| FEES
AND CHARGES |
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- INSURANCE CHARGES - based on
attained age, sex and basic/rider sums assured.
- POLICY FEE - RM6.00 per month
(for other than annual premium payment mode); RM5.00 per month
for Annual Premium Payment Mode.
- SWITCH FEE - 1
free switch is available every year. Subsequent switches will
incur a Switch Fee of RM50.
- TOP-UP FEE - Each top-up,
whether regular or irregular, incurs a top-up fee of 5% of the
amount to be topped up plus RM25 service charge for irregular
top-up.
- FUND MANAGEMENT FEE - 1% - 5%
per annum, determined and based on the weighted average of
total gross assets of each MAA fund.
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PARTIAL WITHDRAWAL
CHARGE - RM50 per request subject to minimum withdrawal amount
of RM1,000 and minimum investment balance across all funds of
RM2,000.
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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 InvestmentLinked Fund.
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PREMIUM ALLOCATION
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| Year |
1 |
2 |
3 |
4 |
5 |
6 |
Thereafter |
| Premium Allocation |
40% |
50% |
70% |
70% |
90% |
90% |
100% |
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| HOW
TO SIGN UP? |
| To sign up
for the Maax
Umaat,
just call 03-80246425 or email us at kooagen@streamyx.com
You may request for a Maax
Umaat
proposal by just emailing us the
following detail of you and/or your child/children:-
- Date of Birth,
- Sex,
- Occupation,
- Smoker or Non-smoker, and
- Your Preferred Monthly Investment
Amount.
If you are satisfied with the above
plan, you may also request us to send you an Official MAA Proposal
Form.
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