In the event of your death, as the life assured, we will pay the reducing sum in one lump sum.
In the event that you, as the life assured, suffer Total and Permanent Disability (TPD), we will pay the reducing sum in one lump sum. We will discontinue the Total and Permanent Disability (TPD) benefit before the monthly anniversary of this policy on or immediately after your 65th birthday.
Optional Benefit
If you have taken up property-related business loans with us, you can opt for a single premium endowment rider, Refund of Premium (ROP). When this rider matures, you will get a full refund of any basic and rider premiums that you have paid for.
Maturity Benefit
Once the rider matures, we will pay back the total premium that you had paid, including the MRTA, rider premiums and any loading premium.
Death Benefit
In the event of your death, we will pay the rider premium. If the death is due to accidental causes, we will pay an additional 100% of the rider premium that you have paid.
Total and Permanent Disability (TPD) Benefit
In the event that you suffer TPD, we will pay the rider premium that you have paid. If the TPD is due to accidental causes, we will pay an additional 100% of the rider premium.
Open to all loan borrowers of CIMB Bank who sign up for business loan
| MRTA | ROP | |
|---|---|---|
| Entry Age Limit (age as at last birthday) |
Minimum Entry Age: 18 years old Maximum Entry Age: 65 years old Expiry Age: 70 years old (not inclusive of the deferment period) |
Minimum Entry Age: 18 years old Maximum Entry Age: 60 years old Expiry Age: 70 years old (not inclusive of the deferment period) |
| Certificate Term | Minimum Term: 3 years Maximum Term: 40 years (Not inclusive of the deferment period. Certificate will still expire once the person covered reaches 70 years old, even if the maximum term has not yet been reached.) |
Minimum Term: 10 years (including deferred period) Maximum Term: 20 years (Not inclusive of the deferment period. Certificate will still expire once the person covered reaches 70 years old, even if the maximum term has not yet been reached.) |
| Deferment Period | Minimum Term: 0 year Maximum Term: 5 years |
Minimum Term: 0 year Maximum Term: 5 years |
| Sum Assured | Minimum Sum Assured: RM 10,000 Maximum Sum Assured: No limit. Subject to underwriting should the Sum Covered exceed RM450,000. |
Sum Assured is equal to the rider premium. |