Medical Revision

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Why are my Tabarru` deductions and/or contribution being revised?

To ensure you are always adequately protected, it is our responsibility, as your Takaful Operator to regularly review our medical plans against the current healthcare costs. This is important in sustaining the Tabarru` Fund for the long term. The basic principle of Takaful is for mutual aid and assistance where all participants pool their contributions into the Tabarru` Fund for the payout of claimable events, including the payout of medical claims. As you may be aware, the cost of healthcare has been consistently rising due to various factors. These include increase in hospital and doctor charges, advancement in medical treatments and drugs, as well as increasing demand for better healthcare services. Having carefully considered the relevant factors above, PruBSN undertakes this revision to help ensure your long‑term medical protection will be there for you when you need it. You will be notified accordingly if there is a need for revision in the future as well.
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How much do medical costs rise each year?

The Aon 2019 Global Medical Trend rates has reported that the medical inflation rate in Malaysia was 15.3% in 2018 and has increased to 16.0% in 2019. This is in comparison to the general inflation rate of 2 – 3% in the same period.
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Aren’t the Tabarru` deductions and contribution rates for my medical plan guaranteed?

The Tabarru` and contribution rates of our medical plans are not guaranteed, as shown in our product materials and sales illustrations, as well as in your certificate document. They can be revised provided that prior notice is given to customers (according to the notice period stated in the certificate document).
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Takaful 101

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What is Takaful and how does it work?

“Takaful” means an arrangement based on mutual assistance under which takaful participants agree to contribute to a common fund providing for mutual financial benefits payable to the takaful participants or their beneficiaries on the occurrence of pre-agreed events. Takaful is an Islamic insurance concept which adheres to ethics and transparency of Shariah guidelines that prohibit uncertainty (Gharar), gambling (Maisir) and interest (Riba). The word Takaful is derived from the Arabic verb Kafala, which means to guarantee, to help or to take care of one’s needs. Each covered participant contributes on the basis of Tabarru’ (charitable) into a fund together with the contribution of other participants that will be used to support each other in times of need.
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What does Medical and Health Takaful cover?

Medical and Health Takaful (MHT) is designed to reimburse the cost of private medical treatment, which can be very expensive, especially with hospitalisation and surgery. There are different types of medical plans available in the market, such as hospitalisation and surgical plans or critical illness plans: Hospitalisation and surgical Takaful plan generally covers your room and board in the hospital, laboratory fees, use of special facilities, nursing care, and certain medicines and supplies. Critical illness plan is typically where the protection is made of a lump sum cash payment to the person covered if he or she is diagnosed with one of the critical illnesses listed in the certificate. For more information, please visit www.prubsn.com.my for our full range of medical products. Alternatively, you can speak to your Takaful Consultant or your Bank or PruBSN sales representative. They would be able to help you determine the right plan to suit your needs and budget.
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What does SmartSaver300 or Co‑Takaful mean?

SmartSaver300 is the amount that you must first pay regardless of the total cost of eligible benefits (excluding the cost of daily room & board). In the case of a SmartSaver300, you will have to pay the first RM300 of the total cost of eligible benefits (excluding the cost of daily room & board). The remaining balance of eligible benefits will be covered by the Tabarru` Fund up to the annual and lifetime limits, subject to reasonable and customary charges.   Co-Takaful is the amount that you must first pay regardless of the total cost of eligible benefits (excluding the cost of daily room & board). You shall pay a Co-Takaful of 10% (subject to a minimum and a maximum of Co-Takaful amount) of the total cost of eligible benefits (excluding the cost of daily room & board). The remaining balance of eligible benefits will be covered by the Tabarru` Fund up to the annual and lifetime limits, subject to Reasonable and Customary Charges.   Please refer to your certificate document for more details.
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Did not find the answers you were looking for?

Contact us at 03-2053 7080 (Monday-Friday, 8.30am – 5.15pm, excluding Public Holidays) or email us at customer@prubsn.com.my