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Benefits & Privileges

Death Benefit TPD Benefit
Death Benefit
TPD Benefit

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 Assurance Berhad is a member of Perbadanan Insurans Deposit Malaysia (PIDM). The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact Sun Life Malaysia Assurance Berhad or PIDM (visit www.pidm.gov.my). 

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.