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Benefits & Privileges

Death Benefit TPD
Death Benefit
TPD

Eligibility

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

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 life assured reaches 70 years old, whichever is sooner

Important Notes

This product is underwritten by Sun Life Malaysia Assurance Berhad No. 199001005930 (197499-U) (“Sun Life Malaysia”), an insurer registered with Bank Negara Malaysia under the 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 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. 

Disclaimer:


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 No. 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 and the Insurer shall undertake the full insurance responsibilities, obligations and liabilities in respect of this insurance product.

 

Terms and Conditions apply.