Sun Enrich-i is a limited pay universal takaful plan that provides death benefit, total and permanent disability (TPD) benefit, accidental death/TPD benefit, cash payout and final benefit. It is designed to ensure that you can financially prepare for the unforeseen future. The cash payout provides a steady cash flow into a separate unit fund account to ensure that your savings are invested and maximised. Furthermore, this plan offers 3 options for contribution payment and coverage term where you can plan your savings needs to best suit your affordability and preference.
Choice of contribution payment and contract term
Flexibility to choose the contribution payment and contract term that best suits your affordability and preference.
| Plan options | Contribution payment term (years) | Contract term (years) |
|---|---|---|
| 10 Pay 20 Term | 10 | 20 |
| 15 Pay 25 Term | 15 | 25 |
| 20 Pay 30 Term | 25 | 30 |
Easy enrolment with no underwriting required
Hassle-free enrolment* for all applicants with no medical underwriting and check-up required.
* Not applicable for foreigner application, whereby underwriting may be applicable.
Death / TPD benefit
Upon death/TPD of the person covered, we shall pay the following:
| Date of event | Cause of death/TPD | |
|---|---|---|
| Natural causes | Accidental | |
| Within 24 months from the contract commencement date | Higher of:
i) 100% of the total takaful contribution paid (including top-up contributions) less the total cash payout paid; OR ii) 100% of the value of the universal account, immediately following the date of event, |
(A) Higher of: OR ii) 105% of the value of the universal account, immediately following the date of event, |
| After 24 months from the contract commencement date |
Higher of: OR ii) 105% of the value of the universal account, immediately following the date of event, |
|
together with the reinvested cash payout in the unit fund account (if any) as at the valuation date immediately following the date of event, less any indebtedness.
Cash payout (CP)
| End of the contract year | CP (percentage of the takaful annualised contribution) | ||
|---|---|---|---|
| 10 Pay 20 Term | 15 Pay 25 Term | 20 Pay 30 Term | |
| 2,4 | 10% | 10% | 10% |
| 6,8 | 15% | 15% | 15% |
| 10,12 | 20% | 20% | 20% |
| 14,6 | 25% | 25% | 25% |
| 18,20 | 30% | 30% | 30% |
| 22,24 | NA | 35% | 35% |
| 26,28 | NA | NA | 40% |
| 30 | NA | NA | 50% |
The value in the unit fund account may be less than the total cash payout reinvested into the investment-linked fund(s).
Final benefit
Upon maturity of contract, we shall pay the higher of:
| 10 Pay 20 Term | 15 Pay 25 Term | 20 Pay 30 Term |
|---|---|---|
| 855% | 1415% | 2000% |
together with the reinvested cash payout in the unit fund account (if any) as at the valuation date immediately following the benefit end date, less any indebtedness.
The percentage of the takaful annualised contribution paid (if applicable) will be payable from the universal account (if any) and, for the remaining final benefit after deducting the value of the universal account paid, is payable from the Participants' Tabarru' Fund, provided all the contributions are paid within the grace period of each contribution due date. Otherwise, the value of the universal account (if any) will be payable as final benefit
Note: Terms and conditions apply.
The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Takaful Berhad or PIDM (visit www.pidm.gov.my).