Decreasing Term Takaful with Critical Illness Benefit

Death Benefit
The following benefits will be payable in the event of death of the Person Covered:
- Sum at Risk for Death benefit at the date of death, payable from the Participants’ Tabarru’ Fund.
- The individual Participant Account Value at the date of death.
Total and Permanent Disability (TPD) Benefit
The following benefits will be payable in the event of TPD of the Person Covered:
- Sum at Risk for TPD benefit at the date of commencement of TPD, payable from the Participants’ Tabarru’ Fund.
- The individual Participant Account Value at the date of commencement of TPD.
Optional Benefit: Critical Illness Waiver
This benefit is to provide coverage with amount equivalent to the monthly financing payment* upon diagnosis of any 36 Critical Illness during the term of contract based on the chosen benefit term of Critical Illness plan type.

*Subject to maximum allowable CI Benefit lifetime limit of RM2,000,000.

CI Benefit Term based on plan type:
- CI 1: 1 year
- CI 3: 3 years
- CI 5: 5 years

Eligibility & Requirements

Open to all customers who take up SME business financing

Entry Age Limit (age as at last birthday)	Minimum Entry Age: 18 years old Maximum Entry Age: 65 years old Maximum Expiry Age: 75 years old
Certificate Term	Minimum Term: 1 year Maximum Term: 35 years or expiry at age 75 years old, whichever is lower (inclusive of deferment period)
Deferment Period	Minimum Term: 0 year Maximum Term: 5 years
Sum Covered	Minimum Sum Covered: RM100,000 Maximum Sum Covered: Subject to underwriting

Entry Age Limit

(age as at last birthday)

Minimum Entry Age: 18 years old

Maximum Entry Age: 65 years old

Maximum Expiry Age: 75 years old

Certificate Term

Minimum Term: 1 year

Maximum Term: 35 years or expiry at age 75 years old, whichever is lower (inclusive of deferment period)

Deferment Period

Minimum Term: 0 year

Maximum Term: 5 years

Sum Covered

Minimum Sum Covered: RM100,000

Maximum Sum Covered: Subject to underwriting

Important Notes

This product is managed by Sun Life Malaysia Takaful Berhad No. 200501012215 (689263-M) (“Sun Life Malaysia”), a Takaful Operator registered with Bank Negara Malaysia under the Islamic Financial Services Act 2013.

Sun Life Malaysia Takaful 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 Takaful Berhad or PIDM (visit www.pidm.gov.my).

Disclaimer:

The description of the features and benefits of the takaful product herein is not a contract of family takaful and is only a brief summary of the takaful product for quick and easy reference. The complete terms and conditions of the takaful product are contained in the Contract Document of Sun Life Malaysia Takaful Berhad No. 200501012215 (689263-M), the Takaful Operator.

CIMB Islamic Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this takaful product and the services provided by the Takaful Operator.

The Bank merely acts as a distributor for this takaful product.

This takaful product is the Sun Life Malaysia’s product and not a product of the Bank. Therefore this takaful product is not guaranteed by the Bank, its subsidiaries and/or its affiliates and the Takaful Operator shall undertake the full responsibilities, obligations and liabilities in respect of this takaful product.

Terms and Conditions apply.

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