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In the event of death of the life assured due to any cause other than excluded risk, the reducing sum assured as at the date of death will be payable.
Additional 10% of reducing sum assured will be payable if death occurs due to accidental causes.
The additional death coverage shall cease on the contract monthly anniversary immediately following the life assured’s 65th birthday.
Total and Permanent Disability (TPD)
In the event life assured suffers TPD due to any cause other than excluded risk specified, the reducing sum assured as at the date the TPD begins will be payable.
Additional 10% of reducing sum assured will be payable if TPD occurs due to accidental causes.
Open to all customers who take up Hire Purchase loan with CIMB Bank Berhad.
|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
Maximum: No limit, but subject to underwriting
Minimum Term: 1 year
Maximum Term: 9 years, or expires when the life assured reaches 70 years old, whichever is sooner