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Benefits & Privileges

Death Benefit
Death Benefit
TPD Benefit

Death Benefit

In the event of death of the person covered due to any cause other than excluded risk specified, the reducing sum covered as at the date of death will be payable from Participants’ Tabarru’ Fund.

Additional 10% of reducing sum covered will be payable from Participants’ Tabarru’ Fund if death occurs due to accidental causes.

The additional accidental death coverage shall cease on the certificate monthly anniversary immediately following the person covered’s 65th birthday.

Eligibility

Open to all financing customers of CIMB Islamic Bank Berhad who take up Hire Purchase–i

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 Covered

Minimum: RM5,000

Maximum: No limit, but subject to underwriting 
Certificate Term

Minimum Term: 1 year

Maximum Term: 9 years, or expires when the person covered reaches 70 years old, whichever is sooner

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.