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MY - EN

CIMB YOUth Savers Account/-i Campaign

Keep Your Devices Safe Against Theft While You Save

Open a CIMB YOUth Savers Account/-i

and enjoy a full year of Takaful protection.

CIMB YOUth Savers Account/-i

 

A savings account designed for youths aged 12 to below 24 years old to support their journey towards financial independence,while giving parents peace of mind.

Why CIMB YOUth Savers Account/-i?

 
Because it comes with a 1-year comprehensive protection coverage to protect your savings, smart devices and more.

Coverage includes:

Loss of Smart Device(s) due to Snatch Theft*

 
Get a lump sum payout of up to RM 2,000 if your smart devices are lost due to snatch theft.

Online Purchase Scams & ATM Fraud*

 
Get a lump sum payout of up to RM 1,000 if you suffer financial losses from unauthorised online purchases and ATM withdrawals.

Accidental Death or Permanent Disablement

 
Get a lump sum payout of RM 5,000 in the event of accidental death (paid to your beneficiaries) or a lump sum payout of up to RM 5,000 (paid to you) in the event of permanent disability.

*Limited to 1 claim per coverage period.

How To Participate

Step 1: Open a CIMB Youth Savers Account/-i 

Open a CIMB YOUth Savers Account/-i at the nearest CIMB Branch.
 
If you have already opened a CIMB YOUth Savers Account/-i before 1 March 2025, you will need to SMS “YSA” to 62886 to participate in this campaign.

Step 2: Maintain RM 500 Monthly Average Balance

Deposit and maintain a minimum Monthly Average Balance¹ of RM 500 in your CIMB YOUth Savers Account/-i.
Get your CIMB Debit Mastercard to complement your YOUth Savers Account/-i and enjoy the freedom to spend however you want, whenever you want — all while staying protected.

Important Notes:

 

1. For the purpose of this campaign:

a. Monthly Average Balance shall mean the monthly average balance of the CIMB YOUth Savers Account/-i of the Eligible Customer(s).

b. Failure to meet the Monthly Average Balance requirement may result in claim rejection.

 

2. Smart Device means an electronic device, such as a smartphone, tablet, personal digital assistant, notebook computer or laptop and other similar items. In the event that the market value of the Smart Device(s) at the time of the loss is less than RM 2,000, the Person Covered shall be reimbursed based on the corresponding market value of the device(s) at the time of the loss.

 

3. If you are between 12 to below 18 years old, a parent or legal guardian is needed to be present and sign the indemnity letter for issuance of debit card. Bring along your birth certificate and MyKad.

 

4. This Campaign is open to Malaysian citizens only.

 

5. The 1-year Takaful Protection “Group Personal Accident (GPA) for CIMB YOUth Savers Account/-i“ certificate is not available for purchase and the coverage will remain in force/active until the expiry of the coverage. In the event that the Eligible Customer(s) holds more than one (1) CIMB YOUth Savers Account/-i, the Eligible Customer(s) is entitled to only one (1) Certificate.

 

6. The benefits payable under eligible Takaful Certificate are protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Takaful Ikhlas General Berhad or PIDM (www.pidm.gov.my).

Terms and Conditions apply.


It is the responsibility of the customers to read thoroughly and fully understand all terms, exceptions and conditions outlined in this Campaign’s Terms and Conditions.

 


Takaful Protection is managed by: Takaful Ikhlas General Berhad.
 

Member of PIDM.
 

CIMB YOUth Savers Account/-i is protected by Perbadanan Insurans Deposit Malaysia up to RM250,000 for each depositor.