M-Tiara Education

Learning today, leading tomorrow

Your little one deserves a big start in life. You know that preparing for a child's future requires a lot more than saving, reducing and controlling expenses. As parents you always work towards providing your child with the best of everything so that they would not be left behind.

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Key benefits

Cash incentives for good performance

Rewarding your child’s performance is just one way in which the fund accumulated from this investment- linked family takaful plan can assist you along the way.

Enhance coverage with optional riders

Expand your child’s education plan with a variety of optional riders that will provide your child with a more comprehensive plan.

Protection against disability and death

Receive the Basic Sum Covered and the total value in the PUA (if any) from your child’s M-Tiara Education plan should Total or Permanent Disability or death occur.

Get this plan

To sign up, call 1 300 88 8787, visit any Bank Muamalat branch or log on to www.muamalat.com.my for more details.

Important notices

M-Tiara Education is a regular contribution Investment-Linked Family Takaful plan that matures at age 25 years next birthday with the benefit of Family Takaful protection.
This plan is a Family Takaful product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trust.
Contributions are received until end of Takaful coverage, or until death or TPD, whichever comes first.
You should be convinced that this plan will best serve your needs and that the contributions received under the certificate are affordable to you.
A ‘Free-Look Period’ of 15 days from the delivery date of the certificate is given for you to review the suitability of the plan. If the certificate is returned to the Takaful Operator during this period, the Takaful Operator shall refund an amount equal to the sum of:

i. Any unallocated contribution;
ii. Total Account Value of this certificate; and
iii. Any Tabarru’ and Service Charge which have been deducted;

Minus any expenses incurred for the medical examination of yor child, upon which the certificate shall be deemed cancelled and out liability hereunder shall cease.
You may receive the remaining values of the PUA upon termination or maturity of this plan. No benefits will be payable from the Tabarru’ Fund.
The value of the PUA will be based on the actual performance of the fund and is not guaranteed. The investment risk under this plan will be borne solely by you and the value of the PUA may be less than the total contributions contributed to the fund.
You may stop paying contributions and still enjoy protection as long as there are sufficient value in the PUA to pay for the Tabarru’ and Service Charge, where applicable. However, there is a possibility of the certificate lapsing when the required charges, including Tabarru’ exceed the total value of the PUA available.
The claims payout for IB CIBR or IB EPCC will reduce the Sum Covered of the basic plan. The same amount of claim will also be deducted from both corresponding riders.

Disclaimers