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PRUDENTIAL BSN TAKAFUL BERHAD

PRUBSN CRISISCOVER PLAN ILLUSTRATION


Quotation for razali
PruBSN CrisisCover

Prepared by: razali z1a00022


Date: 18/11/2015
Version: SQS - Agency ver 2.6.0.5

Details

Person to be Covered

Name

: razali

Gender
Smoking status
Occupation class
Date of birth
Age next birthday

: Female
: No
: Class 1
: 12/01/1993
: 23

Annual income
Basic sum covered
Payment frequency
Payment method
Maturity date

: RM 30,000 p.a
: RM 100,000
: Yearly
: Cash / Cheque
: 1/12/2052
Allocation of Investment Profit

Projected Investment Profit

Gross

Net

Scenario 1

3.00%

2.21%

Participant

PruBSN

3.39%

80%

20%

Scenario 2

4.61%

Actual Investment Profit

Note : Net projected investment profit after tax deduction


and investment profit sharing

Details Of Plan
Plan
Basic:
PruBSN CrisisCover

Term (Years)

Year

Tabarru'
Fund

ISA

2014

4.46%

4.84%

2013

2.43%

1.50%

2012

5.01%

5.17%

Sum Covered (RM)

for 37 year(s)

100,000

Contribution (RM)
675.00

Basic Contribution (A)

RM 675.00

Certificate Charge (C)

RM 24.00

Total Contribution (A + C)

RM 699.00

Plan Type : Term Takaful Plan


Description :
PruBSN CrisisCover plan is a regular contribution traditional term certificate.
This certificate offers takaful protection for 37 years. It pays the benefit upon covered person's death, diagnosis of a critical illness
during the term of the certificate or total and permanent disability before age 70.
This plan participates in investment profit.

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Page 1 of 7

Quotation for razali


PruBSN CrisisCover

Illustration of Expected Benefits


Wakalah Charge
Up Front Wakalah
End of
Contribution
CertifiPaid
cate Age Beginning Percent- Actual
Amount
age
Year
of Year
(RM)
(%)

(a)

(b)

(c)

(d)

(e) = [(c)(f)]*(d)

Guaranteed
TF

Non-Guaranteed
ISA
Investment Profit

CertiContribution
ficate Basic Death Critical
Paid
Illness
Lump
Charge
Benefit Sum Benefit Beginning of
(RM)
year into ISA
(RM)
(RM)

Total
Tabarru'
(RM)

(RM)

(f)

(g)

(h)

(i) = (c)
-(e)-(f)

Scenario 1
(x%) 1
(RM)

(j)

1
24
699
75
506
24.00
100,000
100,000
169
96
2
25
699
55
371
24.00
100,000
100,000
304
160
3
26
699
35
236
24.00
100,000
100,000
439
160
4
27
699
35
236
24.00
100,000
100,000
439
160
5
28
699
20
135
24.00
100,000
100,000
540
160
6
29
699
20
135
24.00
100,000
100,000
540
169
7
30
699
0
0
24.00
100,000
100,000
675
183
8
31
699
0
0
24.00
100,000
100,000
675
198
9
32
699
0
0
24.00
100,000
100,000
675
215
10
33
699
0
0
24.00
100,000
100,000
675
232
11
34
699
0
0
24.00
100,000
100,000
675
250
12
35
699
0
0
24.00
100,000
100,000
675
270
13
36
699
0
0
24.00
100,000
100,000
675
294
14
37
699
0
0
24.00
100,000
100,000
675
325
15
38
699
0
0
24.00
100,000
100,000
675
356
16
39
699
0
0
24.00
100,000
100,000
675
388
17
40
699
0
0
24.00
100,000
100,000
675
424
18
41
699
0
0
24.00
100,000
100,000
675
466
19
42
699
0
0
24.00
100,000
100,000
675
511
20
43
699
0
0
24.00
100,000
100,000
675
564
25
48
699
0
0
24.00
100,000
100,000
675
892
30
53
699
0
0
24.00
100,000
100,000
675
1,159
35
58
699
0
0
24.00
100,000
100,000
675
1,651
37
60
699
0
0
24.00
100,000
100,000
675
1,840
1 Scenario 1 (x%) assumes growth of 3.00% per annum gross before tax in the Individual Special Account.
2 Scenario 2 (y%) assumes growth of 4.61% per annum gross before tax in the Individual Special Account.
t = Current year

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Total Benefits
Scenario 1 (x%)1
Scenario 2 (y%)2
Accumulated ISA

AccumuScenario 2 Scenario 1 Scenario 2 lated Cash


Value
(y%) 2
(x%) 1
(y%) 2
(RM)
(RM)
(RM)
(RM)

Total Death
Benefit
(RM)

Accumulated Cash
Value
(RM)

Total Death
Benefit
(RM)

m(t )=m(t -1) n(t )=n(t -1)


+(i)-(j)+(k)
+(i)-(j)+(l)

(o)=m(t)

(p) =
(o)+(g)

(q)=n(t)

(r) =
(q)+(g)

75
226
517
815
1,223
1,631
2,171
2,709
3,241
3,767
4,287
4,799
5,297
5,776
6,233
6,669
7,077
7,452
7,789
8,081
8,647
7,784
4,645
2,582

100,075
100,226
100,517
100,815
101,223
101,631
102,171
102,709
103,241
103,767
104,287
104,799
105,297
105,776
106,233
106,669
107,077
107,452
107,789
108,081
108,647
107,784
104,645
102,582

77
231
529
838
1,262
1,691
2,259
2,832
3,407
3,984
4,563
5,140
5,713
6,275
6,823
7,358
7,874
8,366
8,827
9,250
10,581
10,611
8,411
6,702

100,077
100,231
100,529
100,838
101,262
101,691
102,259
102,832
103,407
103,984
104,563
105,140
105,713
106,275
106,823
107,358
107,874
108,366
108,827
109,250
110,581
110,611
108,411
106,702

(k)

(l)

3
6
13
19
28
37
49
61
72
84
95
106
117
128
138
148
157
166
173
180
196
180
117
74

4
10
20
30
44
58
77
96
115
134
154
173
192
211
229
247
265
282
298
312
361
366
301
248

75
226
517
815
1,223
1,631
2,171
2,709
3,241
3,767
4,287
4,799
5,297
5,776
6,233
6,669
7,077
7,452
7,789
8,081
8,647
7,784
4,645
2,582

77
231
529
838
1,262
1,691
2,259
2,832
3,407
3,984
4,563
5,140
5,713
6,275
6,823
7,358
7,874
8,366
8,827
9,250
10,581
10,611
8,411
6,702

Page 2 of 7

Quotation for razali


PruBSN CrisisCover

Notes:
The information set out below forms part of the plan illustration.
1. This is a summary illustration of projected benefits. It is intended to show the movements of possible cash flows for the investment and the impact of
Wakalah charges and Tabarru' on surrender value based on the assumptions stated in this illustration.
2.

ISA refers to Individual Special Account.

3.

TF refers to Tabarru' Fund.

4.

Total death benefits ((p) or (r)) will never be less than those in column (g).

5.

Accumulated ISA illustrates the benefits payable based on the investment strategy for this type of plan, PruBSN current practices and assessment of
future experience in scenario 1 and scenario 2 investment profit scenarios. Amounts in ISA are invested in a low-risk Shariah-compliant instruments
such as investment-grade Fixed Income Securities as well as placements in Islamic Financial Institutions in order to meet future Tabarru' payments.

6.

The accumulated ISA may fall below the total contributions in the ISA, depending on the actual performance of the fund.

7.

The investment profits illustrated here are for illustration purposes only and are NOT GUARANTEED. The actual return may be below the projected
rates or negative.

8.

The actual investment profit that would be declared may be more or less, depending on the operating and investment results experienced by PruBSN.

9.

Past actual performance is not a guide to future performance which may be different.

10. You should satisfy yourself that the plan serves your needs and that you can afford the contribution.
11. Death benefit is guaranteed as in the event of deficiency in tabarru fund, PruBSN shall rectify the deficit through an interest free loan ( Qard alhasan).
12. The benefit(s) is only applicable as long as the certificate is in force.
13. All contribution and benefit amounts are stated in monetary value.
14. PruBSN believes it is important that you fully understand all the benefits under the certificate, and that you also understand how the cost of takaful
protection and distribution affect these benefits.
15. The illustration includes a schedule that shows how the value of the certificate changes over time.
16. If we do not receive any contribution payment and there is insufficient funds to cover your Tabarru, your benefit(s ) will lapse in due course. If this
happens, you may revive the certificate and ensure that the contribution is paid up to date.
17. The Goods and Services Tax (GST) is applicable to the Tabarru' for non-life coverages and the Certificate Charge. Whenever the GST is applicable,
the amount deducted for the Tabarru' and Certificate Charge are inclusive of GST based on an amount equivalent to its prevailing rate.
18. Non-life coverages under the GST Act include hospital and surgical (medical), personal accident and critical illness.

Commissions

End of
Certificate
Year

1
2
3
4
5
6

Commissions borne by you and


paid from your contributions
Proportion of
Contributions
Deducted for
Commissions
(%)
65.00
40.00
26.00
20.00
10.00
10.00

Actual Amount
(RM)

438.75
270.00
175.50
135.00
67.50
67.50

The above illustration assumes a non investment-linked product for a 37-year term and an annual contribution of RM 699.00.

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Page 3 of 7

Quotation for razali


PruBSN CrisisCover

Definitions

Appendix

The Takaful Concept


Takaful is a mutual assistance concept based on the principles of shared responsibility, cooperation and common interest. Each participant contributes on
the basis of Tabarru' (donation) into a fund that will be used to support each other in times of need.
Individual Special Account (ISA)
The account where contributions and surplus and/or profit arising shall be paid.
Investment Profit
Profit arising from managing the investment of the ISA, which will be distributed between the participant and PruBSN in the stated proportion. Participant's
portion will be placed back into the their account respectively.
Surplus
The surplus, inclusive of Tabarru' fund investment profit, arising from the Tabarru ' fund after claims payable and reserve if any, is calculated and distributed
at the end of each financial year.
Tabarru'
A donation of a specified portion from the contribution into the Tabarru Fund for the purpose of mutual aid and assistance among fellow participants
according to the agreed benefits under the plan.
Tabarru' Fund
The fund where the Tabarru' deductions from the participants are placed and pooled together. The fund is used to pay the agreed benefits under the plan
on the basis of mutual aid and assistance.
Up Front Wakalah Charge
Any charges that the participant pays to PruBSN for services rendered. These charges consist of commission and distribution related charge.
Commission and Distribution Related Charge
Comprises of the agent's commission and distribution related expenses.
Certificate Charge
Comprises of the certificate servicing expenses .
Goods and Services Tax (GST)
The goods and services tax that may be imposed under the Goods and Services Tax Act 2014 of Malaysia that includes any revision that would be made
from time to time.
Brief Description Of The Plan
Benefits
- In the event of death, upon diagnosed with a critical illness during the term or total and permanent disability before age 70, total amount in the ISA will
be payable. In addition, the basic sum covered from the Tabarru?fund will also be payable.
- In the event of surrender, the surrender value (total value in the ISA) of the Certificate is payable.
- Partial withdrawal from ISA is not allowed.
Tabarru' Amount and Wakalah Charge
- Tabarru' amount, which is based on attained age next birthday, gender, smoking status, occupational class, payment method and the sum covered, is
levied monthly.
- Certificate charge of RM24.00 is levied Yearly.
- Tabarru' amount and wakalah charges above may be varied from time to time by giving 90 calendar days written notice to the certificate owners.
- The amount deducted for the Tabarru' and Certificate Charge are inclusive of GST where applicable.

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Page 4 of 7

Quotation for razali


PruBSN CrisisCover

Appendix

Brief Description Of The Plan

Investment Profit and Surplus Sharing


- We will share any investment profit from the ISA based on Mudharabah principles. You will receive 80% of the profit and the balance 20% will be
given to us. Your profit will be placed back into the ISA.
- Any investment profit in the TF will be distributed as part of the distributable surplus (if any).
- You are entitled to receive the surplus (if any) arising from the TF after deductions are made due from payment of claims and provision for future
claims. This distributable surplus is inclusive of the investment profit from the TF as explained above. You are entitled for at least 50% of the
distributable surplus and the balance of up to 50% will be given to us as incentive for managing the fund. The exact amount of the distributable
surplus will be determined annually and be subject to approval by both our Shariah Committee and Board of Directors.

Conditions
Total and Permanent Disability
Total and permanent disability means the complete inability to engage in any occupation and to perform any work for remuneration or profit before age
70. This also includes
(a) total and irrecoverable loss of sight of both eyes.
(b) loss by severance of two ( 2 ) limbs at or above the wrist or ankle.
(c) loss of sight of one ( 1 ) eye and one ( 1 ) limb at or above the wrist or ankle.
For disability below age 15, the child must need constant care and attention and is confined by reason of accident or sickness at his/her home under
medical supervision or in a hospital or similar institution. Disability must be permanent and must last for a minimum period of 6 consecutive months.
Critical Illnesses
A total of 36 critical illnesses are covered:
1. AIDS due to a blood transfusion
or full blown AIDS
2. Aplastic anaemia
3. Apallic syndrome
4. Alzheimers disease
5. Benign brain tumour
6. Blindness
7. Brain surgery
8. Cancer
9. Cardiomyopathy
10. Chronic liver disease
11. Chronic lung disease
12. Coma
13. Coronary artery disease

14. Deafness
15. Encephalitis
16. Fulminant viral hepatitis
17. Heart attack
18. Heart valve replacement
19. Kidney failure
20. Loss of independent existence
21. Loss of speech
22. Major burns
23. Major head trauma
24. Major organ transplant
25. Medullary cystic disease
26. Meningitis

27. Motor neurone disease


28. Multiple sclerosis
29. Muscular dystrophy
30. Paralysis
31. Parkinsons disease
32. Poliomyelitis
33. Primary pulmonary arterial
hypertension
34. Stroke
35. Surgery to the aorta
36. Systemic lupus erythematosus
lupus nephritis

Notes:
- The contributions and Tabarru ' of PruBSN CrisisCover products and supplementary benefits may be varied by PruBSN from time to time by giving 90
calendar days written notice.
- PruBSN CrisisCover plan is a Shariah-compliant product.

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Page 5 of 7

Quotation for razali


PruBSN CrisisCover

Product Disclosure Sheet


Read this Product Disclosure Sheet before you decide to take up PruBSN
CrisisCover plan. Be sure to also read the general terms and conditions.
PruBSN CrisisCover
Term Takaful Plan
18/11/2015
1. What is this product about?
This is a regular contribution term takaful plan that provides takaful cover for 37 years. It pays the benefit upon your total and permanent disability before
age 70, death or diagnosis of a critical illness during the term of the certificate.
2. What are the Shariah concepts applicable?
Tabarru'

- A donation of a specified portion from the contribution into the Tabarru Fund for the purpose of mutual aid and assistance among
fellow participants according to the agreed benefits under the plan.
Wakalah Bil Ajr - An arrangement appointing us to manage the overall services provided under your Certificate. We will take a portion of your
contribution in return of these services, which include commission, certificate charge and distribution related charge.
Mudharabah
- An arrangement allowing us to invest your funds from both ISA and Tabarru fund where any profit from such investments will be
shared according to a fixed ratio.
3. What are the covers/benefits provided?
RM 100,000.00
Death benefit:
Total and permanent disability benefit:
RM 100,000.00
(in lieu of death benefit)
Critical Illness benefit:
- Lump sum
RM 100,000.00
Length of the plan: 37 years or until you die (if you die earlier)
4. How much contribution do I have to pay?
The total contribution that you have to pay and the certificate terms may vary depending on our assessment of the risks involved:
The estimated total contribution that you have to pay: RM 699.00 Yearly
Contributions paid until age 60
It is important that any receipt that you receive should be kept as proof of payment of contributions.
5. What are the charges I have to pay?
Type

Amount

Up front wakalah charge

6.26% of contribution or RM 1,620.00 out of RM 25,863.00

Certificate charge

RM 24.00 Yearly

The Goods and Services Tax (GST) is applicable to the Tabarru ' for non-life coverages and the Certificate Charge. Whenever the GST is applicable,
the amount deducted for the Tabarru' and Certificate Charge are inclusive of GST based on an amount equivalent to its prevailing rate.
Non-life coverages under the GST Act include hospital and surgical (medical), personal accident and critical illness.

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Page 6 of 7

Quotation for razali


PruBSN CrisisCover

6. What are some of the key terms and conditions that I should be aware of?
Importance of disclosure:
- Pre-contractual duty of disclosure you must disclose all material facts, including but not limited to medical condition, and state your age correctly. It
is important to disclose any relevant information that you know or is expected to know to the best of your knowledge and in good faith.
- The general duty of disclosure shall apply continually and will require you to inform us upon any change of such information disclosed or any new
information relevant to this certificate/ proposal.
Free-look period - you may cancel your certificate by writing to us and returning the certificate within 15 calendar days of us delivering it to you. We will
refund the contributions including GST (if any) that you have paid (less any medical cost incurred by PruBSN).
Lapse of certificate - the certificate will cease when the amount in ISA is not enough to pay for the Tabarru' and other charges.
In the event of total and permanent disability before age 70, one lump sum payable under all certificates with PruBSN is up to RM1 million per person.
Any excess is paid on the first anniversary of the covered person's total and permanent disability subject to proof of continued disability. Upon earlier
death, the balance of any unpaid benefit is paid immediately. The maximum payable under all certificates is RM4 million per person.
Note: This is not a full list. Please see the certificate document for the terms and conditions under this certificate.
7. What are the major exclusions under this certificate?
Death
If death is due to suicide within the first certificate year, we will not pay any claim. However, we will pay the value in the ISA.
Total and permanent disability
(a) Attempted suicide or self-inflicted injuries while sane or insane.
(b) Engaging in aerial flights including parachuting and sky-diving other than as a crew member of or as a fare-paying passenger on a licensed
passenger-carrying commercial aircraft operating on a regular scheduled route.
Critical illness
(a) Symptoms of illness occur before or within 60 calendar days after the certificate has commenced for heart attack, coronary artery heart disease or
cancer and 30 calendar days for all other critical illness.
(b) Illness is directly or indirectly caused by acquired AIDS or any HIV infection, except when AIDS is full blown or is caused by a blood transfusion.
Note: This is not a full list. Please see the certificate document for the full list of exclusions under this certificate.
8. Can I cancel my certificate?
Participating in a family takaful plan is a long-term financial commitment. If you do not pay your contributions within the period we allow, your protection
may end. The cash amount that we will pay you when you cancel the certificate before it ends will be much less than the total amount of contribution that
you have paid. You may cancel your certificate by giving written notice and returning the original certificate document to PruBSN.
9. What do I need to do if there are changes to my contact details?
It is important that you inform us about any change in your contact details to make sure that all correspondence reaches you on time.
10. Where can I get further information?
If you need other information about family takaful, please refer to the insuranceinfo booklet on Family Takaful', available at all our branches or you can
get a copy from the takaful representative or visit www.insuranceinfo.com.my.
If you have any enquiries, please contact us at:
Prudential BSN Takaful Berhad (740651-H)
Level 8A, Menara Prudential,
No. 10, Jalan Sultan Ismail,
50250 Kuala Lumpur.
Tel: 03 2053 7188 Fax: 03 2072 6188 E-mail: customer@prubsn.com.my
You can also log on to www.prubsn.com.my
11. Other similar types of family takaful cover available:
PruBSN Protect
PruBSN ProtectPlus
IMPORTANT NOTE:
PARTICIPATING IN A FAMILY TAKAFUL PLAN IS A LONG-TERM FINANCIAL COMMITMENT. YOU MUST CHOOSE THE TYPE OF CERTIFICATE
THAT BEST SUITS YOUR PERSONAL CIRCUMSTANCES. YOU SHOULD READ AND UNDERSTAND THE TAKAFUL CERTIFICATE AND
DISCUSS WITH THE TAKAFUL REPRESENTATIVE OR CONTACT US DIRECTLY FOR MORE INFORMATION.
The information provided in this disclosure sheet is valid as at or until 18/11/2015.

Presented by :
Date :
Version :

razali z1a00022
18/11/2015
SQS - Agency ver 2.6.0.5

Page 7 of 7