Smart Income Takaful

Smart Income, the all-in-one Shariah-compliant plan that helps you achieve financial independence with annual cash payments and adequate levels of protection.

Achieving financial independence during your retirement years is a vital milestone. To enjoy a more comfortable and fulfilling lifestyle during your retirement, Smart Income is a takaful plan designed to secure your protection needs in addition to providing you with an annual income stream, in the form of Annual Cash Payment as well as a maturity benefit in the form of 115% of the sum covered and amount in Participant’s Investment Fund.

Sign up to:

• Complement your wealth for your dream retirement
• Provide support and financial security for you and your loved ones
• Set aside sufficient funds for unforeseen and unplanned expenses
• Cushion against financial shocks

No medical examination is required for plans with an initial Annual Cash Payment of up to RM166,000.

Annual Cash Payment		Short Contribution Term		Maturity Benefit
The amount increases by 20% of the initial amount starting from the 11th year until the age of 75 or 85.		Flexibility to choose your preferred payment term of 5 or 10 years.		Receive 115% of the sum covered and amount in Participant’s Investment Fund.
Guaranteed Acceptance		Accidental Death Benefit:		Death Benefit
Up to an initial Annual Cash Payment of RM166,000.		-Within Malaysia, Singapore and Brunei Additional 100% of the sum covered on top of the Death Benefit payable. -Overseas (Outside Malaysia, Singapore and Brunei) Additional 200%2 of the sum covered on top of the Death Benefit payable.		Receive one lump sum payment of 3 times the initial Annual Cash Payment and the Participant’s Investment Fund amount.

Note: ²Only covers up to 60 consecutive days per trip overseas. If the accident happens on the 61st day or later while overseas, an additional 100% instead of 200% sum covered shall be payable.

You can choose to receive your Annual Cash Payment with a minimum of RM5,000 starting from age 55,60 or 65. Your Annual Cash Payment will increase by 20% from the 11th year of your initial Annual Cash Payment until age 75 or 85.

For example, if you choose to start receiving your Annual Cash Payment (CP) from:

a) age 54

b) age 59

b) age 64

Note:

• Annual Cash Payment is an annual payment received by Participant from age 55, 60 or 65
• Age is subject to the Participant's age at the next birthday.

Here’s a scenario:

Adam, aged 40, is married with children. He aspires to retire at the age of 55 and aims to achieve additional annual income of RM50,000 upon retirement. Currently, he has RM3,000,000 in total assets and signs up for the Smart Income takaful plan, choosing a payment term of 5 years with an Annual Cash Payment of RM50,000 and the sum covered is RM150,000.

Note:

• The above is a scenario for a Guaranteed Acceptance case.
• This scenario is subject to the Participant's age at the next birthday.
• Person covered can opt to receive Annual Cash Payment starting from the end of certificate year of age 54, 59 or 64.
• The contributions that you pay contribute to both the savings and protection elements of the product, e.g. Death Benefit. If you are looking for financial products with a savings element, you may wish to compare the annualised returns of this product with the effective returns of other investment alternatives.
• Terms and conditions apply.

• Guaranteed acceptance is up to initial Annual Cash Payment of RM166,000 for Malaysians, as well as for Singaporeans and Bruneians who are working/residing in Malaysia.
• Malaysians, Singaporeans and Bruneians are subjected to full underwriting if the initial Annual Cash Payment is above RM166,000.
• Foreigners subjected to foreigner’s risk guidelines.

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Click here to view flyer (ENG)

Click here to view flyer (BM)

Click to view Product Disclosure Sheet (EN | BM)

Click to view Shariah Concept (EN | BM)

The benefit(s) payable under eligible certificate/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Etiqa Family Takaful Berhad or PIDM (visit www.pidm.gov.my).

The information provided on this page is not a contract of takaful plan. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the certificate document.

This plan is underwritten by Etiqa Family Takaful Berhad (199301011506) (Licensed under the Islamic Financial Services Act 2013 and regulated by Bank Negara Malaysia) and Malayan Banking Berhad (196001000142) is the intermediary in distributing this Plan. Please read and understand the Product Disclosure Sheet (PDS), Brochure and Certificate Wording before signing up.