Biz Shield Plus

Death Benefit

Upon death of life assured, the level or reducing sum assured (depending on the plan enrolled) as at the date of death will be payable in one lump sum to offset against the outstanding loan balance.
Total and Permanent Disability (TPD) Benefit

Upon total and permanent disability (TPD) of life assured, the level or reducing sum assured (depending on the plan enrolled) as at the date of TPD will be payable in one lump sum to offset against the outstanding loan balance. The benefit will end on the certificate monthly anniversary immediately after life assured’s 70th birthday.

Eligibility & Requirements

Open to all borrowers of CIMB Bank who sign up for business loan

	Biz Shield Plus
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 Assured	Minimum : RM100,000 Maximum : Subject to underwriting

Biz Shield Plus

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 Assured

Minimum : RM100,000

Maximum : Subject to underwriting

Important Notes

This product is underwritten by Sun Life Malaysia Assurance Berhad (Registration No. 199001005930 (197499-U)) (“Sun Life Malaysia”), an insurer regulated by Bank Negara Malaysia and registered under the 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 Assurance Berhad or PIDM (visit www.pidm.gov.my).

Disclaimer

The description of the features and benefits of the insurance product herein is only a brief summary of the insurance product for quick and easy reference. The full product features, benefits, terms and conditions of this insurance product are contained in the Policy Document of Sun Life Malaysia.

CIMB Bank Berhad (the "Bank") accepts no responsibility, obligation or liability for this insurance product and the services provided by Sun Life Malaysia.

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

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

Terms and Conditions apply.

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