Group Mortgage Reducing Term Assurance (Business Loan)

Eligibility

Open to all loan borrowers of CIMB Bank who sign up for business loan

	MRTA	ROP
Entry Age Limit (age as at last birthday)	Minimum Entry Age: 18 years old Maximum Entry Age: 65 years old Expiry Age: 70 years old	Minimum Entry Age: 18 years old Maximum Entry Age: 60 years old Expiry Age: 70 years old
Certificate Term	Minimum Term: 3 years Maximum Term: 40 years (inclusive of the deferment period. Certificate will still expire once the person covered reaches 70 years old, even if the maximum term has not yet been reached.)	Minimum Term: 10 years (including deferred period) Maximum Term: 20 years (not inclusive of the deferment period. Certificate will still expire once the person covered reaches 70 years old, even if the maximum term has not yet been reached.)
Deferment Period	Minimum Term: 0 year Maximum Term: 5 years	Minimum Term: 0 year Maximum Term: 5 years
Sum Assured	Minimum Sum Assured: RM10,000 Maximum Sum Assured: No limit. Subject to underwriting should the Sum Covered exceed RM550,000.	Sum Assured is equal to the rider premium.

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.

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GROUP MORTGAGE REDUCING TERM ASSURANCE (BUSINESS LOAN) - MRTA

Features & Benefits

Features & Benefits

Eligibility

Important Notes

For More Enquiries

GROUP MORTGAGE REDUCING TERM ASSURANCE (BUSINESS LOAN) - MRTA

Features & Benefits

Features & Benefits

Eligibility

Important Notes

For More Enquiries

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