Manulife Investment Management (M) Bhd (Manulife) (MIMB) has launched two non-core funds for Malaysia’s Private Retirement Scheme (PRS):
Manulife Shariah PRS-Global REIT Fund
Manulife PRS Asia-Pacific REIT Fund
Both funds which offer long-term yields and capital growth from a well-diversified mix of property and real estate investments.
In a statement today, MIMB said the minimum investment amount is RM100 for the respective fund, but for members with a net asset value of RM5,000 per fund, Manulife is offering free insurance policies covering injuries, disability or death, with no medical check-up required.
It said those who become members of the PRS funds by year end will also enjoy personal tax relief of up to RM3,000 per year.
MIMB chief executive officer Jason Chong said Manulife is committed to creating innovative solutions that could give clients peace of mind about their financial future.
“Our offering of two REIT funds for the PRS underscores this commitment — these are yield-generating products that could potentially provide payouts that can be reinvested into the funds to further grow the savings pool, or become a good source of income during retirement,” he said.
Chong said members of Manulife Shariah PRS-Global REIT Fund will receive a Group Personal Accident (GPA) takaful plan with coverage of up to RM3 million, while members of Manulife PRS Asia-Pacific REIT Fund will receive a Group Term Life (GTL) insurance plan with coverage of up to RM100,000.
(thanks to The Edge Markets)
How to Qualify?
Is there any fees involved?
What is the maximum age?
Can I have both instead of just one insurance?