Biz Shield-i

Death Benefit

In the event of your death, as the person covered, we will pay the reducing sum covered as at the date of your death. We will make the payment in one lump sum from the Participants' Tabarru' Fund.
Total and Permanent Disability (TPD) Benefit

This benefit applies only if you, as the person covered, suffer from Total and Permanent Disability (TPD) benefit while this certificate is in force. The Total and Permanent Disability (TPD) has to begin on or after the start date of this certificate. In the event that you suffer from Total and Permanent Disability (TPD), we will pay the reducing sum covered as at the date the Total and Permanent Disability (TPD) begins. We will make the payment in one lump sum from the Participants' Tabarru' Fund.

Eligibility & Requirements

Open to all customers who take up SME Quick Biz Financing-i with CIMB Islamic Bank

Entry Age Limit (age as at last birthday)	Minimum Entry Age: 21 years old Maximum Entry Age: 65 years old Maximum Expiry Age: 70 years old
Certificate Term	Minimum Term: 1 year Maximum Term: 10 years or up to the maximum expiry age of 70 years old, whichever earlier
Sum Covered	Minimum Sum Covered: RM50,000 Maximum Sum Covered: Subject to underwriting (Sole Proprietorship: RM250,000)

Entry Age Limit

(age as at last birthday)

Minimum Entry Age: 21 years old

Maximum Entry Age: 65 years old

Maximum Expiry Age: 70 years old

Certificate Term

Minimum Term: 1 year

Maximum Term: 10 years or up to the maximum expiry age of 70 years old, whichever earlier

Sum Covered

Minimum Sum Covered: RM50,000

Maximum Sum Covered: Subject to underwriting (Sole Proprietorship: RM250,000)

Important Notes

This product is managed by Sun Life Malaysia Takaful Berhad No. 200501012215 (689263-M) (“Sun Life Malaysia”), a Takaful Operator registered with Bank Negara Malaysia under the Islamic Financial Services Act 2013.

Sun Life Malaysia Takaful Berhad is a member of Perbadanan Insurans Deposit Malaysia (PIDM). The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Takaful Berhad or PIDM (visit www.pidm.gov.my).

Disclaimer:

The description of the features and benefits of the takaful product herein is not a contract of family takaful and is only a brief summary of the takaful product for quick and easy reference. The complete terms and conditions of the takaful product are contained in the Contract Document of Sun Life Malaysia Takaful Berhad No. 200501012215 (689263-M), the Takaful Operator.

CIMB Islamic Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this takaful product and the services provided by the Takaful Operator.

The Bank merely acts as a distributor for this takaful product.

This takaful product is the Sun Life Malaysia’s product and not a product of the Bank. Therefore this takaful product is not guaranteed by the Bank, its subsidiaries and/or its affiliates and the Takaful Operator shall undertake the full responsibilities, obligations and liabilities in respect of this takaful product.

Terms and Conditions apply.

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Biz Shield-i

Benefits & Privileges

Death Benefit

Total and Permanent Disability (TPD) Benefit

Eligibility & Requirements

Important Notes

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