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Death Benefit
In the event of your death, as the person covered, we will pay the reducing sum covered as at the date of death. We will make the payment in one lump sum from the Participants' Tabarru' Fund.
TPD Benefit
In the event that you, as the person covered, suffer Total and Permanent Disability (TPD), we will pay the reducing sum covered as at the date of TPD begins. We will make the payment in one lump sum from the Participants' Tabarru' Fund.
Optional Benefit – Refund of Contribution (ROC) Rider
This is a single contribution plan offered to our business financing clients. At the end of the certificate term, we will pay the total contribution you have paid, including basic contribution, rider contribution and any loading imposed, but excluding service tax.
Death Benefit
In the event of your death, on top of the death benefit payout for basic plan, the rider contribution will be payable as at the date of death. This will be paid from the Participants’ Tabarru’ Fund. If your death is due to accidental causes, we will pay an additional 100% of the rider contribution you have paid.
TPD Benefit
In the event you suffers TPD, on top of the TPD benefit payout for basic plan, the rider contribution will be payable as at the date of TPD begin. This will be paid from the Participants' Tabarru' Fund. If the TPD is due to accidental causes, additional of 100% of rider contribution will be payable.
Final Benefit
We will pay the total contribution you have paid, including basic contribution, rider contribution and any loading imposed, but excluding service tax.
Open to all customers of CIMB who sign up for business financing
| MRTT | ROC | |
|---|---|---|
| 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 |
Minimum Entry Age: 18 years old Maximum Entry Age: 60 years old Expiry Age: 70 years old |
| Certificate Term | Minimum Term: 3 years Maximum Term: 40 years (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 deferment period) Maximum Term: 20 years, plus a maximum of 5 years for the deferment period, if any. |
| Deferment Period | Minimum Term: 0 year Maximum Term: 5 years |
Minimum Term: 0 year Maximum Term: 5 years |
| Sum Covered | Minimum Sum Covered: RM10,000 Maximum Sum Covered: No limit. Subject to underwriting should the Sum Covered exceed RM550,000. |
Sum Covered for Rider is equal to the rider contribution. |