Biz Shield Plus-i

Death Benefit

Upon death of the person covered, higher of the basic sum covered (depending on the plan enrolled: level or reducing option) OR the value of the basic participant's account as at the date of death, will be payable in one lump sum to offset against the outstanding financing balance.

The death benefit shall be payable from the basic participant’s account (if any) and, for the remaining death benefit after deducting the value of the basic participant’s account paid shall be payable from the participants’ tabarru’ fund.
Total and Permanent Disability (TPD) Benefit

Upon TPD of the person covered, higher of the basic sum covered (depending on the plan enrolled: level or reducing option) OR the value of the basic participant's account as at the date of TPD will be payable in one lump sum to offset against the outstanding financing balance. The TPD benefit shall be payable from the basic participant’s account (if any) and the remaining TPD benefit after deducting the value of the basic participant’s account paid is payable from the participants’ tabarru’ fund.

The benefit will end on the certificate monthly anniversary immediately after person covered’s 70th birthday.

Eligibility & Requirements

Open to all customers of CIMB Islamic Bank who sign up for business financing

	Biz Shield Plus-i
Entry Age Limit (age as at last birthday)	Minimum : 18 years old Maximum : 70 years old
Certificate Term	Minimum : 1 year Maximum : 10 years or up to the maximum expiry age of 75 years old, whichever earlier
Sum Covered	Minimum : RM100,000 Maximum : Subject to underwriting

Biz Shield Plus-i

Entry Age Limit

(age as at last birthday)

Minimum : 18 years old

Maximum : 70 years old

Certificate Term

Minimum : 1 year

Maximum : 10 years or up to the maximum expiry age of 75 years old, whichever earlier

Sum Covered

Minimum : RM100,000

Maximum : Subject to underwriting

Important Notes

This product is managed by Sun Life Malaysia Takaful Berhad (Registration Number: 200501012215 (689263-M)) (“Sun Life Malaysia”), a takaful operator regulated by Bank Negara Malaysia and licensed under the Islamic Financial Services Act 2013.

Sun Life Malaysia 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 only a brief summary of the takaful product for quick and easy reference. The full product features, benefits, terms and conditions of the takaful product are contained in the Contract/Certificate Document of Sun Life Malaysia.

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 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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Death Benefit

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Eligibility & Requirements

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