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Wednesday, 2 July 2008
AmHigh Takaful
AM Islamic Bank has teamed up with Takaful Ikhlas to sell bancatakaful products. 2 investment-linked plans were launched recently: Single Premium (SP) and Regular Premium (RP).Some product features:
- Minimum contribution: RM200 per month (RP), RM5,000 (SP)
- Term: 10 - 52 years (RP), 1 to 52 years (SP)
- Entry age: 18 to 60
- Death benefit: higher of NAV or sum insured
- Sum insured (SP): 125% (entry age 18 - 50) or 105% (entry age 51 - 60) of single contribution
- Sum insured (RP): 60% or 100% of total expected regular contributions
- Death benefit excludes AIDS related death
- Up to 50% of NAV invested overseas
- 2 funds: AmHigh Islamic Cash and AmHigh Islamic Equity
Sales targets: 11,000 certificates worth RM40 mil
Source: The Star & TAS Research
Labels: Products, Takaful Ikhlas
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Uni.Asia's Deal Off
- Manulife's HR Vision
- MIFC is Best
- 9MP - Takaful & Retakaful
- Capital Injection into Indonesia
- Decision in August
- Risk Management Depository
- MAA Expects to be Back in the Black
- One Less Suitor, One More Suitor
- Maybank to Enter Pakistan Takaful Market
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