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| There
is just something amazing about the life of your child. Like a sheet
of pristine white cloth, their very essence is pure, honest and unadulterated.
Everyday is always a new day filled with eagerness and zest. The world
as they know it is their playground and classroom all rolled into
one. Uni EduLink gives your child the opportunity to discover and reach their fullest potential. Have total assurance in knowing that if the worst were to happen, your child’s education fund will always be there and secured. Give them the opportunity to get ahead in life. Give them the opportunity to be all that they can be. |
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| • | Death Benefit | ||
| Upon death, the Sum Assured plus Account Value shall be payable in one lump sum as at the valuation date immediately following the date of death. | |||
| • | Total And Permanent Disability (TPD) | ||
| Upon TPD before age 25, the Account Value together with the Sum Assured will be payable in one lump sum. | |||
| • | Maturity Benefit | ||
| Upon maturity of the policy, the Account Value is payable in one lump sum. The Account Value is the value of units at Bid Price immediately before the maturity date. | |||
| Note | |||
| 1) | The
policyholder can only claim for either one of the 3 benefits above.
The policy shall terminate upon payment of any of the above benefits. |
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| 2) | Account Value shall mean the value of units at Bid Price. | ||
| • | Education Excellence Award | ||
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| Note | |||
| 1) | An amount of RM100 per distinction is awarded. The Life Assured is entitled to one award per category per life. | ||
| 2) | This benefit is only applicable to policies in force of 3 years and more. | ||
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| Tax relief on premium payment (up to RM3000 under education and medical insurance). | |||
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| The Life Assured may apply for this option 60 days prior to the policy’s maturity. This option allows the Life Assured to purchase any Whole Life or Endowment Plan that provides death and TPD coverage only at a Sum Assured not exceeding the Sum Assured of the current plan without any evidence of insurability and at the expiry date of the current plan. | |||
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| • | Top Up | ||
| Policyholder may make single or regular investment top up premiums subject to a minimum amount of RM50 or in multiple of RM50 per transaction at any time. The allocation for top up is 100% before bid-offer spread. | |||
| • | Partial Or Full Withdrawal Of Account Value | ||
| The Policyholder can make full or partial withdrawal in multiples of RM500 at any time, subject to a minimum withdrawal of RM500 and maintaining a minimum Account Value after withdrawal of RM1,000. The policy will be terminated in the event of full withdrawal. | |||
| • | Switching | ||
| Policyholder may partially or completely switch the fund in the Account Value to another investment fund which is managed by the Company, subject to a minimum amount of RM500 or in multiple of RM500 per transaction. In the event of a partial switch, the remaining Account Value must be at least RM1,000. | |||
| • | Premium Holiday | ||
| Policyholder may pause paying the premium as long as there is sufficient fund in the Account Value to pay the prevailing administration and insurance charges. | |||
| • | Riders | ||
| The Policyholder may attach the following 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 IL WOP (available to Payor only) • Uni IL FIB (available to Payor only) Note The premium for the above riders shall be charged to the Account Value of the policy. |
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| • | 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 | ||
| 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. | |||
| Fund Manager | |||
| Jointly managed by UOB-OSK Asset Management Sdn. Bhd. and Uni.Asia Life Assurance Berhad. | |||
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| There will be Monthly Service Charges, Bid-offer Spread, Annual Fund Management Charges and other charges applicable. Kindly contact our sales agents for further information on the above-mentioned charges. |
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| • | Method Of Payment And Minimum Modal Premium | ||
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| • | Basic Premium | ||
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| • | Single And Regular Top Up Premiums | ||
| • | 100% allocation of premium for all policy years. The allocation rate before bid-offer spread of 5% is use to purchase units. For example, if a policyholder makes a RM1,000 Top Up Premium, the same amount will be allocated for investment before deducting the 5% bid-offer spread and other charges. | ||
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| • | 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) |
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