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Features & Benefits

Death Benefit
TPD Benefit
Refund of Premium Rider*

Eligibility

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.

Remarks

*Optional

Important Notes

This product is underwritten by Sun Life Malaysia Assurance Berhad 199001005930  (197499-U) (“Sun Life Malaysia”), an insurer registered with Bank Negara Malaysia under the Financial Services Act 2013.
 

Disclaimer

Sun Life Malaysia is a member of Perbadanan Insurans Deposit Malaysia (PIDM). As a member of PIDM, some of the benefits insured under the insurance policies offered by Sun Life Malaysia are protected against loss of part or all of the insurance benefits by PIDM, in the unlikely event of an insurer member failure. For further details of the protection limits and the scope of the coverage, please visit the PIDM website (https://www.pidm.gov.my) or call the PIDM toll-free line at 1-800-88-1266.  

 

The description of the features and benefits of the insurance product herein is not a contract of insurance and is only a brief summary of the insurance product for quick and easy reference. The complete terms and conditions of the insurance product are contained in the Policy Document of Sun Life Malaysia Assurance Berhad 199001005930 (197499-U), the Insurer. 

 

CIMB Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this insurance product and the services provided by the Insurer. 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, its subsidiaries and/or its affiliates. The Insurer shall undertake the full insurance responsibilities, obligations and liabilities in respect of this insurance product.