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Death Benefit
In the event of death of the person covered due to any cause other than excluded risk specified, the reducing sum covered as at the date of death will be payable from Participants’ Tabarru’ Fund.
Additional 10% of reducing sum covered will be payable from Participants’ Tabarru’ Fund if death occurs due to accidental causes.
The additional accidental death coverage shall cease on the certificate monthly anniversary immediately following the person covered’s 65th birthday.
Total and Permanent Disability (TPD)
In the event person covered suffers TPD due to any cause other than excluded risk specified, the reducing sum covered as at the date the TPD begins will be payable from Participants’ Tabarru’ Fund.
Additional 10% of reducing sum covered will be payable from Participants’ Tabarru’ Fund if TPD occurs due to accidental causes.
Open to all financing customers of CIMB Islamic Bank Berhad who take up Hire Purchase–i
| Entry Age Limit of Life Assured (age as of last birthday) | Minimum Entry Age: 18 years old Maximum Entry Age: 60 years old Maximum Expiry Age: 70 years old |
|---|---|
| Sum Covered | Minimum: RM5,000 Maximum: No limit, but subject to underwriting |
| Certificate Term | Minimum Term: 1 year Maximum Term: 9 years, or expires when the person covered reaches 70 years old, whichever is sooner |