|
Introduction
This insurance is specially designed to cover Public Mutual unitholders who maintain a minimum of 5,000 units and above in Public Ittikal Fund. The amount of Takaful will be equal to the number of units invested in the ratio of RM1 Takaful coverage for each unit subject to a maximum amount of RM100,000 per unitholder. Unitholders who qualify will be given group term life and group personal accident coverage.
 top
Eligibility
Unitholders aged between 18-59 are eligible for the free insurance coverage. The cover will cease once the insured reaches age 60. For joint accounts, only the principal (first-named) unitholder is eligible.
top
Effective Date Of Coverage
The coverage will take effect according to the bank-in date of the initial or additional investment and subject to subsequent approval by the insurance company.
top
Termination Of Coverage
Coverage will terminate when:-
1. Insured ceased to be an investor of Public Ittikal Fund
2. Investment in Public Ittikal Fund falls below 5,000 units
3. A claim on TPD has been made
4. Insured attains age 60
5. Unitholder enters full-time military, naval, airforce service of any country
top
Nomination
The insured shall designate nominee(s) in the 'wasi' form. The insured is allowed to re-nominate by submitting a fresh 'wasi' form to Public Mutual Berhad. The re-nomination shall take effect upon receipt of such notice by Public Mutual Berhad.
Conditions to be Nominee:
a. Age above 18
b. Sound mind
c. Family member of insured
top
Group Term Life (with Total & Permanent Disability) - GTL Coverage
1. This is a term life insurance that covers death & total permanent disablement due to natural
and accidental causes 24 hours a day worldwide.
2. Total permanent disability (TPD) shall mean the complete inability of an insured to engage
in any gainful occupation or employment for compensation, profit or gain for the remainder of his
lifetime as a result of accident injury, sickness or disease.
top
The following events are excluded under death benefit:
1. Suicide or attempted suicide
2. Pre-existing conditions during the initial 12 months. Claims occurring after 12 months will be covered.
3. For subsequent increases, the above condition applies based on the respective effective date.
4. AIDS,AIDS related complex or any other AIDS related condition.
5. Any breach of the Civil or Shariah Law by the Covered Member
top
Risk Excluded For TPD (GTL)
The insurance shall not cover any loss or disability caused directly or indirectly, wholly or partly, by:-
1. Injuries as a result of any work accident while handling explosive substance;
2. Injuries as a result of any accident while participating in racing other than on foot;
3. Any pre-existing disablement;
4. Self-inflicted injuries while sane or insane;
5. War, declare or undeclared, civil war, revolution, any warlike operations, or state of emergency;
6. Participating in a strike or riot;
7. Scuba diving or mountaineering activities;
8. All forms of flying except as a passenger on an aircraft licensed carry passengers;
9. Pregnancy or childbirth or pre-existing physical, mental defect or infirmity; Entering, operating
or servicing, ascending or descending from or with any aerial service or conveyance except
as a fare paying passenger of a commercial aircraft;
10. Any breach of the Civil or Shariah Law by the Covered Member.
Other benefits shall cease upon payment of the initial yearly installment under these TPD benefits.
top
Coverage For Group Personal Accident Permanent Disability (GPAPD)
This is a personal accident policy that provides the insured person with a 24 hours protection against accidental injuries that shall solely and independently of any cause result in the insured's death or permanent disablement anywhere in the world.
top
Risk Excluded For GPAPD
The coverage does not cover death, loss or disablement directly or indirectly caused by:-
1. War, invasion, act of foreign enemy, hostilities (whether declared or not), rebellion, military
or usurped power, provoked assault, deliberate exposure to exceptional danger
(except in an attempt to save human life), criminal act, drugs, or insanity;
2. Insanity, suicide (whether sane or insane) or any attempt thereat;
3. Venereal disease, infection or parasites;
4. Intoxication by alcohol or drugs;
5. Childbirth, miscarriage, pregnancy or any complications thereof;
6. Provoked murder or assault;
7. Any pre-existing physical defect or infirmity, fits of any kind, disease or sickness of any kind;
8. The insured taking part in horse riding, hang gliding, sky diving, parachuting, winter sports,
water skiing, underwater activities involving breathing apparatus, racing of any kind
(other than foot racing), mountaineering, polo, steeple chasing, boxing, wrestling,
or the performing of martial arts;
9. Nuclear weapons material;
10. Ionizing radiation or contaminated by radio-activity from the combustion of nuclear fuel.
For the purpose of this exception shall include any self-sustaining process of the
nuclear fission;
11. The insured travelling in any fully licensed passenger carrying aircraft unless as a passenger
but not as a member of the crew nor for the purposes of engaging in any trade or technical
operation therein;
12. While committing or attempting to commit any unlawful act.
top
Table Of Contents
Accidental Death & Permanent Disablement
|
Event
|
Compensation
(Percentage of Capital Sum Insured)
|
|
Accidental Death
|
100%
|
|
Loss of two limbs
|
100%
|
|
Loss of both hands, or of all fingers and both thumbs
|
100%
|
|
Total paralysis
|
100%
|
|
Total insanity
|
100%
|
|
Injuries resulting in being permanently bedridden
|
100%
|
|
Any other injury causing permanent total disablement
|
100%
|
|
Loss of arm at shoulder
|
100%
|
|
Loss of arm between shoulder and elbow
|
100%
|
|
Loss of arm at elbow
|
100%
|
|
Loss of arm between elbow and wrist
|
100%
|
|
Loss of hand at wrist
|
100%
|
|
Loss of leg at hip
|
100%
|
|
Loss of leg between knee and hip
|
100%
|
|
Loss of leg below knee
|
100%
|
|
Eye - loss of whole eye
|
100%
|
|
Eye - loss of sight of
|
100%
|
|
Eye - sight of except perception of light
|
50%
|
|
Eye - lens of
|
50%
|
|
Loss of four fingers and thumb of one hand
|
50%
|
|
Loss of four fingers
|
40%
|
|
Loss of thumb-both phalanges
|
25%
|
|
Loss of thumb-one phalanx
|
10%
|
|
Loss of index finger-three phalanges
|
10%
|
|
Loss of index finger-two phalanges
|
8%
|
|
Loss of index finger-one phalanx
|
4%
|
|
Loss of middle finger-three phalanges
|
6%
|
|
Loss of middle finger-two phalanges
|
4%
|
|
Loss of middle finger-one phalanx
|
2%
|
|
Loss of ring finger-three phalanges
|
5%
|
|
Loss of ring finger-two phalanges
|
4%
|
|
Loss of ring finger-one phalanx
|
2%
|
|
Loss of little finger-three phalanges
|
4%
|
|
Loss of little finger-two phalanges
|
3%
|
|
Loss of little finger -one phalanx
|
2%
|
|
Loss of metacarpals-first or second(additional)
|
3%
|
|
Loss of metacarpals -third, fourth, fifth (additional)
|
2%
|
|
Loss of toes-all
|
15%
|
|
Loss of toes-great, both phalanges
|
5%
|
|
Loss of toes-great, one phalanx
|
2%
|
|
Loss of toes-other than great, each toe
|
1%
|
|
Loss of hearing-both ears
|
75%
|
|
Loss of hearing-one ear
|
15%
|
|
Loss of speech
|
50%
|
Permanent total loss of use of member shall be treated as loss of member. Loss of speech shall mean total permanent inability to communicate clearly.
The aggregate of all percentages payable in respect of any one accident shall not exceed 100%. In the event of a total of 100% having been paid, all insurance hereunder shall immediately ceased to be in force. All other losses smaller than 100%, if having been paid shall reduce the coverage by that amount from the date of accident until the expiration of the policy.
top
|