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Benefits & Privileges

Death Benefit TPD
Death Benefit
TPD

Eligibility

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 Assured

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

Important Notes

This product is managed by Sun Life Malaysia Takaful Berhad (689263-M) (“Sun Life Malaysia”), a Takaful Operator registered with Bank Negara Malaysia under the Islamic Financial Services Act 2013

Sun Life Malaysia is a member of Perbadanan Insurans Deposit Malaysia (PIDM). As a member of PIDM, some of the benefits covered under the takaful certificates offered by Sun Life Malaysia are protected against loss of part or all of the Takaful benefits by PIDM, in the unlikely event of a Takaful Operator 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. 

Disclaimer: 


The description of the features and benefits of the takaful product herein is not a contract of family takaful and is only a brief summary of the takaful product for quick and easy reference. The complete terms and conditions of the takaful product are contained in the Contract Document of Sun Life Malaysia Takaful Berhad (689263-M), the Takaful Operator.

 

CIMB Islamic Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this takaful product and the services provided by the Takaful Operator. The Bank merely acts as a distributor for this takaful product.

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

 

Terms and Conditions apply.