 |
|||
| After
years of hard work and late nights, you can finally look forward to
relaxing and really putting your feet up. Retirement is a time where
you can enjoy the good life and take it easy. But if tragedy were
to happen, will you be ready? My Companion - a plan designed to provide comprehensive retirement fund that will see you well throughout your golden years. Have comfort knowing that you're in safe hands. Therefore, giving you the opportunity to get the most out of retirement and in life. |
|||
 |
|||
| • | Death Benefit | ||
| Upon death of Life Assured before the Retirement Date, the policy will be terminated and the Sum Assured plus the Account Value shall be payable in one lump sum. | |||
| • | Total And Permanent Disability (TPD) | ||
| Upon
TPD of Life Assured before the Retirement Date or prior to attaining
the age of 65, whichever is earlier, the Account Value will be payable
in one lump sum. In addition to the Account Value, the Sum Assured will be payable in one lump sum if it is less than or equal to RM 500,000. If the Sum Assured is more than RM500,000 but less than RM1.5 million, the first RM500,000 will be payable in one lump sum, while the remaining balance will be payable in 2 equal annual installments. |
|||
| • | Retirement Benefit | ||
| Upon retirement, the Account Value is payable in one lump sum. | |||
| Note | |||
| 1) | Upon Inception, the Life Assured shall select the retirement age of either 50, 55, 60 or 65 years old. | ||
| 2) | The Life Assured can only claim for either one of the 3 benefits above, whichever comes first. | ||
| 3) | Account Value shall mean the value of units at Bid Price. | ||
| • | Survivor Income Benefit | ||
| Survivor Income Benefit of 1% of Sum Assured shall be payable annually, commencing from the policy anniversary immediately following the date of death or TPD up to the Retirement Date. | |||
| • | Basic Medical Check-up Benefit | ||
| This
benefit will only be payable upon retirement of the Life Assured.
For the period of 5-years following the Retirement Date of the Life Assured, this benefit reimburses medical check-up related costs incurred up to 0.5% of the Initial Sum Assured (as at commencement date) annually. This benefit will cease upon death of the Life Assured or the expiry of the 5-year period immediately following the Retirement Date, whichever is earlier. |
|||
| • | Post Retirement Income Benefit | ||
| This
benefit will only be payable upon retirement of the Life Assured.
For the period of 5-years following the Retirement Date of the Life Assured, this benefit provides annual income of 5% of the Initial Sum Assured (as at commencement date) at the end of each year. This benefit will cease upon death of the Life Assured or the expiry of the 5-year period immediately following the Retirement Date, whichever is earlier. |
|||
 |
|||
| • | Top Up | ||
| The Policyholder may make single or regular premium investment top up at any time during the currency of the policy. | |||
| • | Partial or Full Withdrawal of Account Value | ||
| The
Policyholder may make a partial or full withdrawal from his policy. Withdrawal Value will be the value of the units at Bid Price on the next valuation date immediately following the receipt of request to withdraw, less withdrawal charge (if applicable). The policy will be terminated in the event of full withdrawal. |
|||
| • | Switching | ||
| The Policyholder may partially or completely switch their Account Value to another investment fund offered by the Company. | |||
| • | Premium Holiday | ||
| The
Policyholder may pause paying premium as long as there is sufficient
fund in the policy to pay the charges. However, if the premium payment is paused for a prolonged period, the Account Value may be depleted and subsequently cause the Policy to lapse. Top-Up during Premium Holiday is 100% allocated for investment and shall not be used to pay any outstanding premium due, except upon Policyholder's written request. |
|||
| • | Rider | ||
| The
Life Assured may attach the following unit-deducting riders: • Uni IL CI • Uni IL PA • Uni IL Medic Plus • Uni IL Medic • Uni IL Living Extra – WOP • Uni IL Living Extra – FIB • Uni IL Medicare |
|||
 |
|||
| • | Uni Strategic Fund (USF) | ||
| A fund which seeks to achieve consistent capital appreciation over the medium-to-long term by investing mainly in companies that had been systematically screened through a series of predetermined financial criteria. | |||
| • | Uni Aggressive Fund (UAF) | ||
| A fund which seeks to achieve consistent and above average capital appreciation over the medium-to-long term by investing mainly in small capitalization companies with market capitalization of not more than RM750 million at the time of acquisition. | |||
| • | Uni AsiaEquity Fund (UAEF) | ||
| A fund which seeks to achieve consistent, above-average capital appreciation and reasonable income over the medium- to-long-term by investing in a balanced portfolio of quality investments in Malaysia and Asia excluding Japan. | |||
| • | Uni Bond Fund (UBF) | ||
| A fund which seeks to achieve capital preservation over the medium-term while providing a stable long-term and secured income return by investing primarily in a portfolio of investment-grade fixed income securities. | |||
| • | Uni Global IPO Fund (UGIF) | ||
| A fund which aims to achieve medium to long-term capital growth by investing in a single collective investment scheme that invests primarily in IPOs, post IPO listed securities, interest bearing debt securities and/or deposits. | |||
| • | Uni Gold And General Fund (UGGF) | ||
| The fund aims to achieve long term capital growth by investing in a single collective investment scheme that invests in companies involved in the exploration of precious metals, energy and base metals. | |||
| Fund Manager | |||
| •
UOB-OSK Asset Management Sdn. Bhd. • UOB Asset Management Ltd. • Uni.Asia Life Assurance Berhad. • AmInvestment Management Sdn. Bhd. |
|||
 |
|||
| • | Monthly Service Charge | ||
| A monthly service charge of RM5 will be deducted from the Account Value. | |||
| • | Bid-Offer Price | ||
| The Offer Price is the price at which Policyholder buys the units in a Fund. The Bid Price is the price at which Policyholder sells the units back to the Company. The Bid Price is 95% of the Offer Price (i.e. Bid-Offer Spread of 5%). | |||
| • | Annual Fund Management Charges | ||
| The maximum fund management charges for the respective funds are as below: | |||
 |
|||
| These management charges are accrued on a monthly basis | |||
| • | Switching Charges | ||
| Two free switches are available every policy year. Subsequent switches will incur at RM50 per switch. | |||
| • | Maximum Top Up Charges | ||
| 1% of top-up amount subject to a maximum of RM25 per Top-Up. | |||
| • | Full Withdrawal Charges | ||
| 1%
of withdrawal amount subject to a maximum of RM50 per withdrawal. Note: The charges above are not guaranteed and may be varied by giving the Policyowner at least three (3) months' written notice prior to the next policy anniversary. However, the maximum annual increment shall not exceed the Malaysia Consumer Price Index (CPI) increase or any such other index used to determine consumer price increase as decided by the Company over the relevant period. |
|||
 |
|||
| • | Minimum and Maximum Issue Age (nearest birthday) | ||
 |
|||
| • | Method of Payment and Minimum Modal Premium | ||
 |
|||
 |
|||
| • | Allocation Rate Table: | ||
 |
|||
| • | The illustration below is based on an annual Basic Premium of RM2,000 with 20-years policy term: | ||
 |
|||
| • | Frequency Of Pricing | ||
| The unit pricing will be calculated daily. | |||
| • | Dual Pricing | ||
| Dual
Pricing will be calculated based on Bid Price and Offer Price. The
formula used to determine the dual pricing is as follow: Offer Price = Bid Price / (1 – Bid-Offer Spread) |
|||
|
|||
