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Life insurance benefit
We assure your child’s life. Should death or total and permanent disability (TPD) occur, we will pay the sum assured or the total premiums payable*, whichever is higher, plus the Education Booster Fund (EBF).
Policy owner waiver of premium benefit
Should death or TPD befall you, as your child’s parent or legal guardian, we will waive the remaining premium payments and the policy will remain in force.
Guaranteed maturity benefit
Once the policy matures, we will pay the sum assured or the total premiums payable*, whichever is higher.
We will award a lump sum payment when your child completes the following:
Education Booster Fund (EBF)
The EBF is an additional amount of money that we will pay on top of the Guaranteed Maturity Benefit once the policy matures. It is not available for withdrawal before maturity. Although it is an annual addition, we will pro-rate and credit it at the end of each monthly anniversary of the policy, according to the benchmark yield.
Additional tax relief
In addition to the usual tax relief for life insurance and Employees Provident Fund (EPF), you will enjoy tax relief under your insurance premium for education benefit.
|Life Assured||Policy Owner (Parent / Guardian)|
|Minimum age of entry||30 days old||18 years old|
|Maximum age of entry||18 years old||55 years old|
|Maximum expiry age||13-25 years old
(Depending on child's age at entry and policy term)
|75 years old|
Insurance/Takaful Easy Pay
Purchase/Participate in Bancassurance/Bancatakaful participating products with your CIMB Credit Card and pay in instalments with our 12-Month 0% Easy Pay. Valid from 1 August - 31 December 2021. *Terms and Conditions apply.