PB ExcelLink-i

Enhance your investment opportunities with personal protection

PB ExcelLink-i is a Shariah-compliant Single Contribution Investment-Linked Takaful plan that provides death and Total Permanent Disability (TPD) coverage.
PB ExcelLink-i is suitable for those who are looking for an investment plan with minimal Takaful coverage. This plan allows one to choose from a range of AIA PUBLIC Takaful Bhd. (AIA PUBLIC) Investment-linked funds, depending on which fund best suits one’s needs and risk profile. 

Why PB ExcelLink-i ?

  • Single Contribution Investment-Linked plan that complies with Shariah principles.
  • Potential Growth on Funds Invested
  • Investment and Protection in One Plan
  • Investment Flexibility
  • Simple Enrolment

How does PB ExcelLink-i work?

  1. Potential Growth on Funds Invested
  • You can enjoy potential investment gains via AIA PUBLIC Investment-Linked Funds.
  1. Investment and Protection in One Plan
  • With just a one-time contribution payment, you get coverage up to 100 years old1.
  • In the event of death or TPD of the Person Covered, the amount payable shall be the higher of the following:
  1. Sum Covered + 100% Top-Ups – 100% Withdrawal; or
  2. Account Value; or
  3. RM 5,000

Sum Covered is equivalent to:

  Entry Age (years old) Single Contribution
Standard lives 14 days - 55 125% of Single Contribution
56 - 70+ 105% of Single Contribution
Sub-standard lives 14 days - 70+ 105% of Single Contribution
  • Upon maturity of the Certificate, the amount payable shall be the Account Value based on the bid price established on the valuation date immediately after the Maturity Date.
  1. Investment Flexibility
  • You have the option to invest more2 when you have extra money or withdraw3 the money when you need it.
  • You can enjoy the flexibility in switching your funds at any time according to your risk tolerance level4.
  1. Simple Enrolment
  • Only answer 4 simplified underwriting5 questions upon enrolment with a minimum single Contribution amount of RM 8,000.

+For TPD : entry age is up to age 64.
1Death coverage is up to age 100 years old of the Person Covered, while TPD coverage is up to age 65 years old of the Person Covered.
2The participant may contribute any Ad hoc top-up at any time after Certificate inception with a minimum amount of RM 500.
3Referring to partial withdrawal facility – the minimum withdrawal amount is RM 1,000 and subject to the minimum balance of RM 5,000 of Account Value.
4Referring to fund switching facility.
5Please refer to Proposal Form on the underwriting questions.


AIA PUBLIC Investment-Linked Funds

You may choose to invest in any combination of the AIA PUBLIC Investment-Linked Funds depending on your investment objectives and risk level. You also have the flexibility to switch between the different combinations of the AIA PUBLIC Investment-Linked Funds to suit your changing needs.

Below are the descriptions of the AIA PUBLIC Investment-Linked Funds:

Investment Funds Investment Objective Instruments Risk Level
A-Dana Income To provide a safe and steady stream of income returns. Investments in Islamic income securities (Sukuk), Islamic money market instruments and Shariah approved Real Estate Investment Trusts (REITs) listed on Bursa Malaysia. Low
A-Dana Balanced To maximize total returns with reasonable safety of principal. Invests in ringgit denominated Shariah compliant instruments including Sukuk, equity, and unit trust approved by Securities Commission. Moderate
A-Dana Equity To provide medium to long-term growth. Invest in Shariah-approved equities, Real Estate Investment Trusts (REITs) and equity-related securities listed on Bursa Malaysia. High

This is a Takaful product that is tied to the performance of the underlying assets and is not a pure investment product such as unit trusts.

What are the Shariah concepts applicable in PB ExcelLink-i ?

Tabarru' - The amount deducted monthly from the Participant's Investment Fund at a predefined portion and allocated into the Participants' Risk Fund (PRF) as a donation for the purpose of mutual help and assistance to fellow Participants in need.

Wakalah - The contract between Participant and AIA PUBLIC Takaful Bhd. (as Takaful Operator), where Participant authorizes AIA PUBLIC Takaful Bhd. to act on their behalf to conduct the affairs of Takaful business. AIA PUBLIC Takaful Bhd. will take a portion of the Participants' Contribution as a Wakalah Fee and Certificate Fee and Monthly Service Charge in return of these services.

Wakalah bi al-Istithmar - The contract between Participant and AIA PUBLIC Takaful Bhd., where Participants appoint AIA PUBLIC Takaful Bhd. to undertake Shariah-compliant investment activities for Participant's Investment Fund (PIF) on behalf of the Participants for an agreed Fund Management Charge.

Ju'alah - A commission based contract whereby the AIA PUBLIC Takaful Bhd. will be entitled to earn up to 50% of the Surplus arising from the PRF as an Ujrah (performance fee) for managing the fund efficiently which result in the surplus. The remaining portion of the Surplus will be distributed to eligible Participants.

Al-Qard Al-Hasan - Is an interest-free loan provided by AIA PUBLIC Takaful Bhd. to the Participants' Risk Fund in the event it becomes deficit to enable it to pay Takaful benefit(s) to eligible Participants. This amount will be recovered from the future Surplus prior to distribution.


Contribution Allocation

Contribution paid by you will be divided into:  
  1. Unallocated Contribution
  • This amount refers to the Wakalah Fee and Certificate Fee. It is used to meet AIA PUBLIC Takaful Bhd's expenses and direct distribution cost.
  1. Allocated Contribution
  • This amount will be used to purchase the units of your preferred Investment-Linked Fund(s).
  Allocated Contribution
Single Contribution
Single Contribution less:
  • Wakalah Fee
  • Certificate Fee
Ad hoc top-up*
Ad hoc top up less:
  • Wakalah Fee

* To be allowable after Certificate inception.

Note: The Allocated Contribution is equivalent to the Contribution paid less Unallocated Contribution

What are the fees and charges that I have to pay?

  1. The Wakalah Fee is an upfront charge of 5% on the Single Contribution / ad hoc top up paid and used to meet AIA PUBLIC Takaful Bhd.'s management expenses and direct distribution cost. This amount is inclusive of 3.75% commission payable to the Bank and other expenses.
  • Other expenses include stamp duty of RM 10.
  1. Certificate Fee is a one-off charge for administration cost of the Certificate. The amount payable from Your Single Contribution is RM 100.
  2. Monthly Service Charge is deducted monthly from the value of the units in Participant's Investment Fund (PIF) and credited in to the Takaful Operator's Fund for the administration costs. The amount payable is RM 2.
  3. Tabarru' is deducted monthly from the value of the units in PIF and credited in to the Participants Risk Fund (PRF) for the Takaful coverage. It is vary depending on the attained age, gender, occupation, medical rating and smoking status.
  4. Fund Management Charge covers the administration costs of investing and managing investment-linked fund chosen.
Fund Current charge* Maximum Charge*
A-Dana Equity 1.500% 1.500%
A-Dana Income 0.500% 1.000%
A-Dana Balanced 1.200% 1.500%

*Chargeable as a percentage of the net asset value 

  1. Fund Switching Fee covers the administration costs of switching the investment in one Fund to another. The current Fund Switching Fee is free. However, AIA PUBLIC Takaful Bhd. reserves the right to remove the free switches and/or revise the switching fee from time to time by giving at least 3 months’ notice to you.

Who is eligible to participate in PB ExcelLink-i  ?

Entry Age
  Minimum Age Maximum Age
Person Covered 14 days Basic: 70 years old
TPD: 64 years old
Participant 18 years old No limit
Minimum Single Contribution RM8,000
Coverage Term Death Benefit: Person Covered attained 100 years old
TPD Benefit: Person Covered attained 65 years old

What doesn’t PB ExcelLink-i  cover?

The major exclusions are stated as below:


  1. Death due to suicide while sane or insane within 1 year from the Issue Date or Commencement Date, whichever is later. AIA PUBLIC Takaful Bhd.’s liability shall be limited to the refund of the Account Value. Thereafter, the Certificate shall be terminated.

  2. Any TPD arising from the occurrence of the following:

  1. Willful exposure to danger or attempted self-destruction or self-inflicted injuries while sane or insane; or

  2. Services in any armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order; or

  3. Entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Person Covered is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route; or

  4. Any congenital defect which has manifested or was diagnosed before age 17; or

  5. For a disability resulting from a physical or mental condition which existed before the Issue Date or Commencement Date, whichever is later, which was not disclosed in the application or health statement.

Note: The description, benefits, exclusions, terms and conditions described above have been summarized and are not exhaustive. For a detailed explanation on its benefits, terms and conditions and exclusions, please refer to the Takaful Certificate.

What if I change my mind about this coverage?

You may cancel your coverage at any time with a written notice to AIA PUBLIC Takaful Bhd.

Sign up today and get protected. To find out more, please contact Public Islamic Bank Berhad Customer Care Consultants at 1-800-22-9999.

This plan is underwritten by AIA PUBLIC Takaful Bhd., a Takaful operator licensed under the Islamic Financial Services Act 2013 and regulated by Bank Negara Malaysia.

Contact details: AIA PUBLIC Takaful Bhd. (935955-M), Menara AIA, 99 Jalan Ampang, 50450 Kuala Lumpur.

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