Family Takaful Contribution Statement Notice

You may have noticed some differences in the amount allocated in the Family Takaful (Life), Medical or Education categories in your 2020 FTCS compared to the previous years’ statements. Please allow us to explain the difference for your better understanding.

For your information, the difference in the amount displayed in the latest statement is due to a recent change in our investment-linked product portfolio management, from Contribution Paying Rider (CPR) structure to Unit Deducting Rider (UDR) structure.

This newly introduced investment-linked plan structure is an approach where the certificates are managed holistically as opposed to breaking down the contribution to individual benefits in a CPR product structure.  This UDR structure allows for better flexibility in managing the affordability and sustainability of your certificates.

You can rest assured that this change will not have any retrospective or future impact to your coverage, benefits or total contribution amount.

By adopting this new structure, the allocation for the contribution of each rider under the tax categories mentioned above (i.e. Family Takaful (Life), Medical or Education) shall be proportionate with the tabarru` deduction for each rider under the certificate. The total contribution amount eligible for tax relief by using either CPR or UDR structure is the same and remains unchanged.  Please take note that the allocated ratio may change for each year moving forward, as the tabarru` deduction amount may vary as the person covered grows older.

Should you need any further clarification on this matter please speak to your Agent or alternatively contact our Customer Service Centre at +603 2775 7188 or e-mail us at customer@prubsn.com.my.