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VIP Invest VIP PCI by jennyyingdi


									                                                                                                                                                                  VIP50   VIP 50 shines like a diamond

                                                                                                                                                                      ThatÕ s why it pays to save and invest with
                                                                                                                                                                      VIP 50, a packaged plan of Guaranteed
                                                                                                                                                                      Savings (VIP 50 PCI) plus Flexible
                                                                                                                                                                      Investment (VIP 50 Invest) for potential
                                                                                                                                                                      upside Ð all in one great plan.

Important Notes

VIP 50
• Mayban Life Assurance Berhad reserves the right to close VIP 50 without prior notice.
• This brochure is for general information only. It is not a contract of insurance. The exact terms and conditions are governed by the wordings appearing
  in the policy contract issued.
• For detailed illustration of product, please refer to sales illustration.
• Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable                               50%*                                    100%                                      50%*
  may be less than the total premium paid.
• You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford.
• This policy may qualify you for personal tax relief subject to the final decision of the Inland Revenue Board Malaysia.

                                                                                                                                                               VIP 50 PCI                                                                       VIP 50 Invest
• You are given a free-look/cooling-off period of fifteen (15) days from the date of delivery of the policy contract to review the suitability of your newly
  purchased insurance plan. If you return the VIP 50 PCI policy contract during this period, the Single Premium less any medical fees incurred will be         Guaranteed Annual Cash payout of                                                 Flexible Investment to suit your lifestyle
  refunded to you. Automatically, the VIP 50 Invest policy shall be terminated as well.                                                                        3.8% p.a. Total of 19% Guaranteed                                                Choice of 3 investment funds Ð
                                                                                                                                                               Cash Payout over 5 years
VIP 50 Invest                                                                                                                                                                                                                                   Stable, Balanced, Growth
• This is an insurance product that is tied to the performance of the underlying assets and is not a pure investment product such as unit trusts.
• Investor’s benefits may fluctuate based on the underlying performance of the investment-linked fund.
                                                                                                                                                               100% Capital Guarantee at maturity                                               Excellent track record of fund performance
• The investment performance of the fund will be based on the actual performance of the fund and it is not guaranteed.                                         Insurance protection up to 125% of
• Investment risks under the plan will be borne solely by you and the benefits may be less than the total premiums contributed to the fund.                                                                                                     Long term insurance coverage up to age of
• You should understand the potential benefits and risks of the fund(s) offered. Past performance of a fund and back-testing may not be a reliable guide
                                                                                                                                                               Single Premium for 5 years
                                                                                                                                                                                                                                                85 years old
  to future performance.
• You are given a free-look/cooling-off period of fifteen (15) days from the date of delivery of the policy contract to review the suitability of your newly
                                                                                                                                                               No market risks
  purchased insurance plan. If you return the VIP 50 Invest policy contract during this period, the Account Value plus unallocated premium less any medical
  fee incurred will be refunded to you. Automatically, the VIP 50 PCI policy shall be terminated as well.
                                                                                                                                                               *50% of the total Single Premium will be invested in VIP 50 PCI and the remaining 50% will be invested into VIP 50 Invest

This plan is underwritten by Mayban Life Assurance Berhad (235175-H), a subsidiary of Malayan Banking Berhad (3813-K).
Mayban Life Assurance Berhad is licensed under Insurance Act 1996 and regulated by Bank Negara Malaysia.
Mayban Life Assurance Berhad is located on Level 19, Tower C, Dataran Maybank, No. 1 Jalan Maarof, 59000 Kuala Lumpur.
This plan is distributed by Malayan Banking Berhad (3813-K) and is located at Menara Maybank, 100 Jalan Tun Perak, 50050 Kuala Lumpur.
                              GUARANTEED SAVINGS                                                                                                                                             FLEXIBLE INVESTMENT
                                                                                                                                                                                                                           Choice of investing in one of the 3 different funds
                                                                 Guaranteed 3.8% annual cash payout for 5 years                                                                                                            Flexible investment tenure up to 85 years old
                           Make the most                         Capital Guaranteed when held until maturity                                                                          Make the most                        Excellent track record of fund performance
                           of your savings                       Absolutely no exposure to market risk                                                                              of your investment                     Option to switch between the 3 designated funds
                           with VIP 50 PCI                       Insurance coverage at no extra cost                                                                                with VIP 50 Invest                     Option to reinvest cash payout and maturity amount
                                                                 Speedy benefit distribution                                                                                                                               from VIP 50 PCI into VIP 50 Invest
                                                                                                                                                                                                                           Insurance coverage at no extra cost

Features of VIP 50 PCI                                                                    Sample illustration based on VIP 50 PCI                            Features of VIP 50 Invest
                                                                                                                                                                                               VIP 50 Invest
                                   Year           VIP 50 PCI
                                                                                            Based on                           VIP 50 PCI                       Minimum Single Premium         RM25,000
  Annual Cash Payout                 1              3.8%                                    Investment of
                                                                                                                                                                Minimum Top-up Premium         RM1000
                                     2              3.8%                                                            Year                RM                      Premium Allocation Rate        95% of the Single / Top-up Premium
                                     3              3.8%                                                                                                        Eligibility                    20 - 65 Years
                                                                                            Annual Cash Payout        1                3,800
                                                                                                                                                                Tenure                         Up to 85 years old
                                     4              3.8%
                                                                                                                      2                3,800                    Funds                          Growth, Balanced, Stable
  Maturity Benefit                    5             103.8%                                                                                                       Investment Allocation Rate     100% in any one fund
                                                                                                                      3                3,800
  Total Cash Payout over                                                                                                                                        Death/ Total and Permanent     The Death or TPD benefit will be greater of:
                                                    119%                                                              4                3,800
  5 Years Plus Maturity Benefit                                                                                                                                 DIsability (TPD) Benefit       a) The value of the accumulated units at unit price; or
                                                                                                                                                                                               b) 125% of the SIngle Premium plus Top-up Premiums less withdrawals
  Minimum Single Premium                          RM25,000                                                            5              103,800.00
                                                                                                                            (Inclusive of Maturity Benefit)                                     c) RM5,000 per Policyholder
  Offer Period                             For Limited Time Only
                                                                                            Total Cash Payout                                                   Surrender Benefit              The value of the accumulated units at unit price at the surrender notification date
  Eligibility                                   20 Ð 65 Years                               over 5 Years Plus                     RM119,000.00                  Maturity Benefit               The value of the accumulated units at unit price at maturity date
  Tenure                                           5 Years                                  Maturity Benefit
                                                                                                                                                                Withdrawal                     Minimum of RM500 per withdrawal and subject to minimum account balance of RM1,000
                                                                                                                                                                                               after each withdrawal
  Death/Total and Permanent                  Entry Age 20 Ð 54                             Note:
  Disability (TPD) Benefit                125% of Single Premium                           a) The annual cash payout is guaranteed and is payable to            Switching                      Minimum of RM500 per switch
                                                                                              investors upon survival at the end of the policy year. In
                                          Entry Age 55 and above                              order to fully receive the guaranteed returns, investors       Note: a) This policy does not cover suicide within one (1) year from the Issue Date. For further details, kindly refer to the Policy Contract.
                                          110% of Single Premium                              must fulfill the entire tenure of 5 years.                           b) For any Single Premium in excess of RM4,000,000 (inclusive of all other Single Premium policies on the same life with the Company),
                                                                                           b) You also have the option to reinvest your cash payout                   the Sum Insured is 100% of the Single Premium.
Note:                                                                                                                                                              c) The TPD coverage is up to age of 60 years and will be paid in one lump-sum.
                                                                                             and maturity amount into the flexible investment every
a) This policy does not cover suicide within one (1) year from the Issue
                                                                                             policy year or upon maturity.
                                                                                                                                                             Fund description
   Date. For further details, kindly refer to the Policy Contract.
b) For any Single Premium in excess of RM4,000,000 (inclusive of all
   other Single Premium policies on the same life with the Company),
                                                                                                                                                                                                     GROWTH FUND                            BALANCED FUND                                  STABLE FUND 
   the Sum Insured is 100% of the Single Premium.
c) The TPD coverage is up to 60 years and will be paid in two installments.                                                                                                                   To seek capital appreciation over   a) To provide a balanced mixture of           To provide a return higher than
                                                                                                                                                                                              time and invests primarily in          safety, income and capital appreciation.   Fixed Deposits whilst not excessively
                                                                                                                                                               Fund objective                 equities that show high potential   b) To achieve moderate to fast returns        assuming higher risk for investors.
                                                                                                                                                                                              for growth.                            above fixed income.                        Structured for capital preservation.
What happens if you withdraw before the end of the tenure?
                                                                                                                                                                                              Invests in a combination of         Invests in a combination of fixed             Invests its funds into money market
If you choose to surrender before the fifth year, you will receive the Cash Surrender Value of your policy. Sample illustration                                                               fixed-income and equities with a    income and equities instruments.              instruments and high quality bonds,
below is based on RM100,000.00 Single Premium.                                                                                                                 Investment style
                                                                                                                                                                                              higher weighting in equity as the                                                 as these investments yield relatively
                                                                                                                                                                                              mechanism for growth.                                                             stable returns.
                                                                                                                            Total Cash
       End of                     Annual Payout                 Guaranteed Surrender/Maturity Value                                                            Risk appetite                  High risk                           Medium risk                                   Low risk
                                                                                                                 Received Upon Surrender/Maturity*
     Policy Year                      (RM)                                    (RM)
                                                                                                                              (RM)                             Historical Performance*                                                           Yearly Return
            1                       3,800.00                                  80,000.00                                        83,800.00                        Year 2009                                   26.4%                                   19.2%                                      10.7%
            2                       3,800.00                                  85,000.00                                        92,600.00                        Year 2008                                  -17.4%                                  -12.9%                                      -1.8%
                                                                                                                                                                Year 2007                                   24.6%                                   17.3%                                       7.2%
            3                       3,800.00                                  90,000.00                                       101,400.00                        Year 2006                                   20.6%                                   13.8%                                       7.8%
            4                       3,800.00                                  92,000.00                                       107,200.00                        Year 2005                                   -3.2%                                    1. 5%                                      1.4%

            5                       3,800.00                                  100,000.00                                      119,000.00                     *Note: a) The yearly return is net of fund related expenses and tax.
                                                                                                                                                                    b) Past performance is not a guarantee, representation or indication of future performance.
*This includes all accumulated annual payout at the end of the year. The policy matures at the end of 5 years.

Commission that is borne by you is 0.75% of your Single Premium.
                                                                                                                                                             Fees and charges
                                                                                                                                                              Initial charge                        5% of the Single / Top-up Premium
                                                                                                                                                                                                    (This charge covers all administration fees and commission payable to distributors)
                                                                                                                                                              Commission                            2.5% of the Single / Top-up Premium (This commission is part of the initial charge and
                                                                                                                                                                                                    is borne by the Policyholder through deduction from the Single / Top-up Premium)
                                                                                                                                                              Fund Management fee
                                                                                                                                                              a) Stable                             1.00% p.a
                                                                                                                                                              b) Balanced                           1.25% p.a
                                                                                                                                                              c) Growth                             1.50% p.a
                                                                                                                                                              Surrender / Withdrawal Charge         Nil
                                                                                                                                                              Switching Fee                         Free for first 2 switches per policy year. Subsequent switches chargeable at RM25 per switch.
                                                                                                                                                                                                    Switching of fund is subject to 100% of Account Value (VIP 50 Invest)
                                                                                                                                                             Note: These charges are subject to changes at the discretion of the Company by giving three (3) months written notice.
                 Be in the know                                                                                                                         Note to Investors

What is VIP 50 plan?                                                                                                                   Risks of Investing in Investment-linked Funds
VIP 50 is a packaged plan consists of 2 products, VIP 50 PCI and VIP 50 Invest.                                                        No venture into investment can be said to be of no risk at all            c. Sector Risk is the danger that the stocks of many companies
                                                                                                                                       unless it is guaranteed. Since the value of a guarantee is only              in one sector (natural resources) will fall in price at the same
                                                                                                                                       as good as its guarantor, the fixed term deposit is probably                 time because of an event that affects the entire industry. The
Can I buy either VIP 50 PCI or VIP 50 Invest on its own?                                                                               the safest on investment. However, a higher inflation rate than              purchase of equities concentrating only on the natural resources
No. This plan is specially designed to provide guaranteed annual cash payouts with potential upside return.                            interest rate causes money to decrease in value and shrinks                  sector represents a risk since the prices of stocks underlying
                                                                                                                                       the purchasing power, subjecting to possible risk and losses.                the NAV of the fund will fluctuate in similar orientation in
                                                                                                                                       Generally, the type of investment risk will vary depending on                response to the sector.
                                                                                                                                       the nature of the investment. The investment risk of
 VIP 50 PCI                                                        VIP 50 Invest                                                       Investment-linked Plan can be divided into 2 broad categories:-           d. Inflation Risk represents the possibility that the value of
                                                                                                                                                                                                                    assets or income will decrease as inflation shrinks the
 What is VIP 50 PCI?                                               What is VIP 50 Invest?                                              A. Market Risk                                                               purchasing power of a currency. Ideally, the purpose of any
 VIP 50 PCI is a secure savings and insurance plan designed        VIP 50 Invest is a Single Premium Investment-inked plan which          The market risk is the risks of financial losses arising from             investment is to secure returns that are greater than the
 to offer guaranteed returns and capital protection at maturity,   provides protection and investment benefit all in one plan up          the reduction in the market value of assets due to exposures              inflation rate. While a plan will constantly seek to maximize
 without being affected by the current economic uncertainties.     to age 85 years old. With this plan, you will have the option to       to equity, interest rate, sector and currency risks; these                returns and exceed inflation rate, it may occasionally be
 With this plan, you will receive guaranteed annual cash           top up or increase your investment at any time.                        exposures may be influenced by factors which include                      outpaced by inflation in the short term.
 payout with the assurance of knowing the exact amount                                                                                    regulatory changes, inflation movement, economic condition,
 at maturity.                                                      Where are the money invested to?                                       financial market condition, political changes and others.              e. Regulatory Risk is the possibility that the returns from the
                                                                   All the 3 funds (Stable, Balanced & Growth) are invested locally.      Such movements in the underlying values of the shares of                  investment to which the plan is linked is adversely affected
 Can I get a loan with this plan?                                  The assets allocation in each funds varies depending on their          the investment portfolio will cause the prices of units to fall           as a result of unfavourable changes in investment policies,
 You can use your policy as collateral against an overdraft        individual investment style.                                           as well as rise, and hence fluctuation in the produced income             laws and regulations by the authorities.
 facility. Please check with our Financial Executive/                                                                                     of the fund.
 Relationship Banker on the applicable margin of finance            Can I get a loan with this plan?                                                                                                              f. Event Risk is the possibility of the value of the investment-linked
 and interest charges.                                             Not applicable.                                                     B. Operational Risk                                                          plan being adversely affected as a result of any catastrophic
                                                                                                                                          The operational risk is the risk of losses arising from                   or natural disaster.
 Are there any investment risks?                                   Are there any investment risks?                                        inadequate or failed internal processes, people and systems.
 Unlike many other products in the current market, you are         Like other investment-linked products, VIP 50 Invest is exposed        In addition, the performance of the terms and conditions of            g. Liquidity Risk is arises when an investment cannot be
                                                                                                                                          the Fund’s investment depends upon the proper functioning                 converted into cash quickly without paying a significantly
 not exposed to any market risks such as stock market              to investment risks. Please refer to Ô Note to InvestorsÕ section
                                                                   for further details.                                                   of the InsurerÕ s systems and processes both internal and                 penalty. Quantitative methods to measure this risk are
 performance or interest rate movement. With this factor,
                                                                                                                                          external. An unforeseen disruption of such systems and                    lacking and therefore common sense and qualitative due
 you can rest assured that your money is safe with us,
                                                                                                                                          processes, including that resulting from a market disruption              diligence should be used to supplement the analysis.
 even in times of financial turmoil.                                Any charges I should be aware of?
                                                                   Yes. Please refer to the Fees and charges table.                       or system interruption, may result in a delay in the
                                                                                                                                          performance of such terms. The Manager should also be
 Any charges I should be aware of?                                                                                                        prepared for, and have the necessary resources to manage,              Operational Risk
 There are no deductible costs like policy fee, initial            When will I get my money back?
                                                                   The VIP 50 Invest gives you the flexibility to surrender               any internal operational issues arising from this investment.
 charge or management fee. The charges applicable are                                                                                     The Fund depends on the smooth functioning of myriad                   a. Risk of Non-Compliance is the risk that the Manager and
                                                                   the policy at anytime. You will receive the value of the
 commission payable to distributor and the surrender charge,                                                                              component parts. Any disruption to any of these parts,                    others associated with the Fund do not follow the rules set
                                                                   accumulated units at unit price if you wish to surrender at
 if you choose to terminate the plan anytime during the                                                                                   caused by, for example, market disruption or system                       out in the fundÕ s constitution, or the law that governs the fund,
 5-year tenure.                                                    the end of 5th Policy Year or at anytime you wish to do so.            interruption may cause delays in settlement beyond the                    or will fraudulently or dishonestly. Noncompliance may expose
                                                                   You may hold the policy up to maturity at the age of 85.               control of the issuer.                                                    the Fund to higher risks which may result in a reduction in
 When will I get my money back?                                                                                                                                                                                     the value of the unit trust funds.
 You will receive the Single Premium invested in VIP 50 PCI                                                                            Market Risk
 at the end of the 5th policy year. In addition, you will also                                                                                                                                                   b. ManagerÕ s Risk
 receive the annual cash payout at each policy anniversary.                                                                            a. Interest Rate Risk is the risk that an investment value will              There is the risk that the Manager may not adhere to the
                                                                                                                                          change due to a change in the absolute level of interest rates.           investment mandate of the respective fund. Poor management
                                                                                                                                          As interest rate affects the value of stocks less directly than           of the fund will jeopardize the investment of unit holders
                                                                                                                                          those of bonds, the interest rate here refers to the general              through the loss of their capital invested in the scheme.
                                                                                                                                          interest rate of the country which may affect the valueof the
                                                                                                                                          investment as the fund does not invest in interest-bearing             c. Legal Risk
                                                                                                                                          instruments.                                                              You should ensure that, in entering into this investment it is
                                                                                                                                                                                                                    not in breach of any laws, regulations, contractual or other
                                                                                                                                       b. Volatility Risk Market volatility reflects the degree of instability      legal limitations that may apply to You, or which may prevent
                                                                                                                                          and expected instability of the performance of the underlying             ou from entering into this investment. The Fund is issued
                                                                                                                                          assets. The level of market volatility is not purely a                    subject to applicable laws, regulations and guidelines issued
                                                                                                                                          measurement of the actual volatility, but is largely determined           or administered by the Securities Commission, Bank Negara
                                                                                                                                          by the prices of the underlying assets itself which are affected          Malaysia and/or other relevant authorities. In the event of a
                                                                                                                                          by specific forces related to the underlying assets i.e supply            change in such laws, regulations or guidelines, the Issuer
                                                                                                                                          and demand, macroeconomic factor and speculation.                         may be obliged to change some or all of the terms and
                                                                                                                                                                                                                    conditions of the Fund, including the possibility of an early
                                                                                                                                                                                                                    termination, while the amount repayable to you in such event
                                                                                                                                                                                                                    shall be determined by the NAV of the Fund.

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