i-Great Damai

MARKETING
Marketing Name : i-Great Damai
Plan Abbreviation : IL DAMAI
Distribution Channel : Agency

PLAN DESCRIPTION
Product Design
(a) This product is a regular contribution investment-linked Family Takaful plan with access to
professionally managed unit fund(s).
(b) This plan is an investment linked Family Takaful plan that matures at age 99.
(c) Contributions paid are channelled to the Participants Unit Account (PUA), in accordance with
the prescribed contribution allocation rates for each contribution year. The contributions will
be used to create unit fund(s) in the Takaful Fund of choice. The Total Account Value (TAV)
of the PUA for this plan will vary based on the actual performance of the unit fund(s).
(d) Upfront Charge (a.k.a. unallocated contributions) will be deducted from Total Contribution,
and;
(e) Charges to be deducted from the PUA consist of:
(i) Tabarru
(ii) Service Charge;
(iii) Fund Management Charge.
Note: Please refer to Section: Charges for details.
(f) Tabarru is deducted from the PUA and channelled to the Tabarru Fund (Risk Fund) where
the claim amounts (the Basic Sum Covered portion) are paid from.
Note: The Tabarru Fund must be distinctly separate and tracked independently from the
PUA.
(g) Basic Investment Contribution (BIC) = Takaful Contribution + Balancer (if any)
(h) This product will employ a single-pricing basis, where all transactions will be based on one
price only. This single price will now be known as the Net Asset Value (NAV).

BENEFITS
i. Death Benefit
Upon death of the Person Covered, the following will be payable:
Basic Sum Covered (BSC) from Tabarru Fund; plus
TAV from PUA where TAV is calculated at NAV at the next Valuation Date,
in one lump sum.

In the event of death occurring before age of 5 years next birthday, 100% of TAV and the
following percentage of BSC are payable.

Age Next Birthday Basic Sum Covered after Lien

1 20% of the Basic Sum Covered
2 40% of the Basic Sum Covered
3 60% of the Basic Sum Covered
4 80% of the Basic Sum Covered
Note: Full cover will be given from age 5 next birthday.

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ii. Total and Permanent Disability (TPD) Benefit
Upon TPD prior to the certificate anniversary on which the Person Covered attains age 70 years
next birthday, the following will be payable:
(a) 100% TAV is payable in one lump sum (or be retained with the Takaful Operator as per
participants choice to continue paying for riders) from PUA.
(b) The BSC not exceeding RM2,000,000 under this certificate and all certificates and
riders on the same person shall be paid in 3 annual instalments with the first being a
lump sum of the BSC or RM1,000,000 whichever is lesser, and the balance of the BSC
(if any), will be payable in two equal, annual instalments of maximum RM500,000 each
from Tabarru Fund.

The maximum TPD Benefit payable under this and all certificates and riders on the same
person payable by Takaful Operator, is RM 2,000,000 per person.

However, if TPD occurs prior to the certificate anniversary on which the Person Covered
attains age 5 years next birthday, a child lien as per Death Benefit shall apply on BSC,
subject to a maximum amount of RM500,000 per person, payable by the Takaful Operator
under this and all certificates and riders on the same person.

iii. Bereavement Benefit

Upon death of the Person Covered due to any cause, a lump sum amount of RM2,000 per person
will be payable from operators fund.
(a) This benefit is payable upfront as long as the claimant submits the death certificate and/or
other evidence satisfactory to the Takaful Operator without a need to process the death claim
first.
(b) This benefit will be payable to immediate family member only.
(c) The admittance of this benefit does not guarantee that death benefit will be payable. This
means the Takaful Operator still have the right to repudiate the death claim.

iv. Maturity Benefit

Upon maturity, 100% TAV (if any) of the PUA will be payable in one lump sum.

CHARGES
i. Upfront Charge
Upfront Charge is the unallocated contributions which consist of agents commission and
distribution related expenses under the Takaful Operators fund.

The Upfront Charge is 100% minus the contribution allocation rates. Please refer to the
section on Contribution Allocation for the respective contribution allocation rates.

ii. Tabarru
(a) Basic benefit of Tabarru varies by the attained age next birthday, gender and smoker
status of the Person Covered.
(b) The monthly Tabarru are calculated as the sum covered times one twelfth of the
tabarru rates corresponding to the attained age.
(c) Tabarru is deducted monthly at the beginning of each certificate month by cancelling
units already allocated to the certificate under the PUA to Tabarru Fund, at the NAV on
the next Valuation Date following the due date of the Tabarru.

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iii. Service Charge
An administration charge of RM6 will be deducted at the beginning of each certificate month
by cancelling units already allocated to the certificate from the PUA, at the NAV at the next
Valuation Date.

iv. Fund Management Charge

(a) Fund Management Charge will be deducted from PUA at each asset valuation before
determining the NAV. Unit prices will reflect the deduction.
(b) The Fund Management Charge to be deducted is:
t
250 K% Value of Fund
where:
t = the number of business days from the preceding Valuation Date to the Current
Valuation Date;
K% = the percentage charge (subject to the Investment Committees approval) for the
appropriate fund

Fund Code Fund Name Fund Management Charge (K%)

01 Dana i-Makmur 0.50
02 Dana i-Mekar 1.45
03 Dana i-Majmuk 1.25

(c) Value of Fund refers to the value of the appropriate fund as determined by the Takaful
Operator.

NET ASSET VALUE (NAV)

i. NAV
The price at which the participant buys the units in a fund and sells the units back to the fund.

ii. Determination of Price

NAV of each fund are determined daily, after the valuation of the assets of that fund.

CONTRIBUTION
i. Contribution payment mode
This is an annual contribution plan but it can also be participated with half-yearly, quarterly or
monthly contribution instalments.

Once applied Golden Age Enhancer, the first contribution year BIC is requested to pay in full
contribution regardless of pay mode selected.

ii. Contribution payment method

(a) GIRO and credit card are allowed for all modes of contribution payments.
(b) Cheque and cash is allowed for yearly modes ONLY.
(c) Biro Angkasa is aloowed for monthly modes ONLY.
(d) Koperasi Angkatan Tentera (Unit Gaji Angkatan Tentera - UGAT billing) is allowed for
monthly mode at new business stage ONLY. This payment method is allowed ONLY for
GOA (GETSB Own Agent) KAT Agent. Army number MUST be provided during eSub.
(e) Salary Saving Scheme (SSS) is allowed for monthly mode ONLY.

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iii. Female Rates / Non-smoker Discount
Rates vary by gender and smoker statuses.

iv. Large Sum Covered Discount

Not Applicable.

v. Backdating
Not Applicable.

CONTRIBUTION ALLOCATION
Basic Investment Contribution = Takaful Contribution + Balancer (if any)

i. Takaful Contribution
The Takaful Contributions are allocated to the unit fund(s) of the PUA at the following rates:
Contribution Due and Paid Allocation Rate %
st nd
1 and 2 years 43
rd th
3 and 4 years 76
th th
5 and 6 years 85
th
7 and subsequent years 100

ii. Single Contribution Top-Up / Balancer / Golden Age Enhancer

Allocation Rate: 95%

UNDERWRITING GUIDELINES
i. Min/Max Age at Entry
Minimum : 30 days old attained age
(19 years next birthday for certificate ownership)
Maximum : 70 years next birthday

Min/Max Age at Entry for Golden Age Enhancer

Minimum : 55 years next birthday
Maximum : 70 years next birthday

ii. Minimum/Maximum Basic Investment Contribution (BIC)

Minimum BIC Maximum BIC
Mode of Payment
(RM) (RM)
Annually 1,200 N/A
Half-Yearly 600 N/A
Quarterly 300 N/A
Monthly 100 N/A

iii. Minimum/Maximum Takaful Contribution (TC)

Min TC (NB) Min TC (CS)* Maximum TC
Mode of Payment
(RM) (RM) (RM)
Annually 1,200 200 No Limit
Half-Yearly 600 100 No Limit
Quarterly 300 50 No Limit
Monthly 100 16.66 No Limit
(Round down)

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iv. Minimum/Maximum Sum Covered (SC)

New Business
Minimum : Subject to Sum Covered Multiple Rule.
Maximum : Subject to sufficiency tests whereby projected funds is sufficient to meet
projected risk and other charges over a pre-specified period.

In Force
Minimum : RM12,000
Maximum : Subject to sufficiency tests whereby projected funds is sufficient to meet
projected risk and other charges over a pre-specified period.

v. Non-Medical Limits
The proposal will be underwritten based on the combined Sum Covered of basic plan and
riders/supplementary benefits (where applicable). The non-medical limits are based on
current Internal Underwriting Guidelines / Field Underwriting Manual.

vi. Underwriting for Substandard Person

The treatment for underwriting substandard lives owing to health condition will be to impose a
percentage extra loading on the Tabarru rates. In cases of temporary health extra, the
imposition will be on per mille per annum basis (i.e. at the rate of per 1000 sum covered per
annum). As for hazardous occupation or avocation and foreign residence, the approach of
imposing the extra charges will be on per mille per annum basis.

FLEXIBLE OPTIONS
i. Single Contribution Top Up
A participant can make further single contribution as investment top-ups subject to the
minimum of RM 1,000 each at any time provided the current year's and all previous years'
Basic Investment Contribution have been fulfilled.

ii. Contribution Increment

A participant can increase the regular Basic Investment Contribution subject to the following
conditions:
(a) Increase in contribution can take effect from the next Basic Investment Contribution
due date subject to the constraints below:
Mode of Payment Minimum Increment (RM)
Annually 240
Half-yearly 120
Quarterly 60
Monthly 20
(b) The minimum and maximum sum covered limits will be recalculated automatically. If at
the point of application of contribution increment the current sum covered is below the
revised minimum limit, the sum covered will be increased to that revised minimum limit
subject to underwriting. However such underwriting could be dispensed off provided
that the participant is standard lives and the aggregate increment in sum covered over
the past 12 months is not more than RM 3,000.
(c) Any increase in contribution will be treated as a new contribution for the purpose of
allocation to the unit fund(s).

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iii. Partial Withdrawal
Monies can be withdrawn by selling some of the units at the NAV in one or more of the
invested funds subject to the following conditions:
a) The minimum amount for partial withdrawal must equal to RM 1,000.
b) The aggregate value of the remaining units in all funds must be at least RM 5,000.

iv. Fund Switching

A participant can create and cancel units in any one fund at the NAV, at any time after the
certificate has turned inforce without any charge.The minimum amount canceled to create
units another units in another unit fund must equal to RM1,000. More than one switch can be
done at one time and this will be considered as a single switch.

v. Changing Contribution Apportionment

A participant can alter the contribution apportionment at any time. After the Takaful Operator
receives the alteration request, the next and all future contributions will be apportioned to the
unit funds in the new proportions subject to 5% of the minimum contribution listed in the table
below:

Mode of Payment Minimum Amount Apportionable to Each Fund (RM)

Annually 60
Half-Yearly 30
Quarterly 15
Monthly 5

vi. Golden Age Enhancer

A certificate owner can make a single contribution top up at inception of the certificate. The
single contribution top-up will have a higher allocation rate, which is 95% as compared to the
first year allocation rate of 95% (dummy rates). The high allocation rate would enable more
funds to be projected into the investment funds with potential higher returns. The minimum
entry age to be eligible for Golden Age Enhancer is age 55 next birthday. Once applied
Golden Age Enhancer, the first certificate year BIC is requested to pay in full contribution
regardless of pay mode selected.

vii. Changes in Sum Covered

Any changes in the sum covered can take effect only at the beginning of a certificate month:

a. Increase in Sum Covered

Allowed up to the maximum sum covered but may require underwriting and at least 30
days notification is given to the certificate month of increment to take effect.

b. Decrease in Sum Covered

Participant may voluntarily reduce the sum covered, subject to the minimum sum covered
limits.

FUND ASSET ALLOCATION

Participant can choose to invest in one or more of the following funds:

Dana i-Mekar
A fund where 80% to 100% of investment are equities, which may be volatile in the short term. This
fund seeks to achieve medium to long term capital appreciation. Although the fund is invested mainly
in Malaysia (80% - 100%), it may partially be invested in Singapore (up to 25%) and Hong Kong (up
to 25%), if and when necessary, to enhance the funds returns. Dana i-Mekar is only invested in
Shariah Approved securities.
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Dana i-Makmur
A fund which is invested in fixed income securities, for example government and corporate bonds
(ranging from 40% to 95%) with the balance invested in cash and cash equivalents. This fund seeks
to provide consistent return at low levels of volatility. Dana i-Makmur is only invested in Shariah
Approved securities.

Dana i-Majmuk
A fund which is invested in a mixture of equities, fixed income securities and money market
instruments. There is flexibility in asset allocation as this fund may be invested solely in fixed income
securities or equities. This fund seeks to provide medium to long-term capital appreciation, with a
moderate level of volatility. Dana i-Majmuk is only invested in Shariah Approved securities.

RIDERS / SUPPLEMENTARY BENEFITS

Unit Deduction Riders available: -

Phase 1
a) i-Critical Illness Benefit Rider (A416)
b) i-Medik Rider (A410 A414)
c) i-Hospitalisation Benefits Rider (A409)
d) i-Accidental Death and Dismemberment Benefits Rider (A406)
e) i-Provider on DD Rider (A403)
f) i-Provider on TPD Rider (A404)
g) i-Provider Plus Rider (A405)
h) i-Contributor Rider (A401)
i) i-Contributor Benefit Plus Rider (A402)
j) i-Early Payout Critical Care Rider (A417)
k) i-Accidental Medical Reimbursement Benefits Rider (A407)
l) i-Comprehensive Accident Benefits Xtra Rider (A408)
m) i-Great Income Rider (A415)

Please refer to the product write-up for the above riders for details.

OTHER PRODUCT FEATURES

Surrender Values
The cash value of the certificate is the total value of all the units in all the funds selected by the
participant based on the NAV at the Next Valuation Date.

Paid-up Values / Extended Term Takaful / Certificate Charge / Automatic Contribution Loan /
Bonus Rate / Option to Participate In New Certificate
Not applicable.

OTHER PRIVILEGES
i. Assignment/ Nomination
Allowed.

ii. Third Party Certificate

Allowed. However, the minimum age at entry for participant should be 19 years next birthday.

Note: 6% Service Tax is applicable to all contributions including single contribution top-ups
paid by business organisation as third parties.

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iii. Free-Look Period
Participant is allowed to cancel the certificate within 15 days. Under such circumstances, the
following will be payable:
(a) value of unit fund(s) that have been allocated to the certificate under the PUA; and
(b) any Tabarru and Service Charge that have been deducted from the value of unit fund(s);
and
(c) Upfront Charge (a.k.a. unallocated contributions)
less medical expenses incurred, if any.

iv. Reinstatement
(a) If the certificate is terminated as a result of non-payment of contributions following which
the Total Account Value is less than or equal to zero, participate may reinstate it within
three (3) years from the date of termination subject to the terms and conditions to be
determined by the Takaful Operator.
(b) Upon reinstatement, the outstanding contributions paid will first be used to offset the
accumulated debts, if any.

v. Replacement of Certificate (ROC)

(a) Subject to ROP guidelines.
(b) For replacement of conventional plan to takaful plan under Great Eastern, the agents will
be penalized if the replacement of certificates occurs.

vi. No Lapse Provision

Not Applicable

AGENCY COMPENSATION
i. Single Contribution Top Up / Balancer
The commissions are paid as a percentage of contributions paid, as detailed below.
Basic Overriding
Other Incentive*
Year of Contribution Paid Commission Commission
As a percentage of contributions paid
All 2.0% 1.0% 0.75%

ii. Takaful Contribution

The commissions are paid as a percentage of contributions paid, as detailed below.
Production Agency
Year of Basic Overriding Persistency
Bonus Related
Contribution Commission Commission Bonus
Expenses
Paid
As a percentage of contributions paid
1 25.0% 10.0% 5.0% 0.0% 2.27%
N 2 20.0% 15.0% 0.0% 5.0% 3.00%
o 3 18.5% 6.5% 0.0% 0.0% 3.00%
t 4 18.5% 6.5% 0.0% 0.0% 3.00%
e 5 15.0% 0.0% 0.0% 0.0% 3.00%
: 6 15.0% 0.0% 0.0% 0.0% 3.00%
7 and thereafter 0.0% 0.0% 0.0% 0.0% 3.00%
Notes:
Overriding Commission is apportioned according to the prevailing apportionment for
investment-linked plans for each respective rank.
Production Bonus (PB) is apportioned as follows: 2% as PB on WG & 3% as PB for DU/DCA
and is payable upon meeting the prevailing qualifying requirements for these benefits.

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Persistency Bonus (PR) is payable upon meeting the prevailing qualifying requirement
(currently >= 90% First Year PR (PR12_A)) and is only payable on personal sales.

AGENCY REQUIREMENT
Only agents who have passed the Takaful Basic Exam (TBE) examination conducted by the
Malaysian Takaful Association (MTA) jointly with Malaysian Insurance Institute (MII) or its equivalent
are allowed to sell investment-linked family takaful certificates.

Note: The leader must also pass the TBE to be eligible for overriding commission.

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