• Biz Shield

Biz Shield is a non-participating single premium reducing term plan that provides credit protection and is offered to the customers who take up Enterprise Portfolio Guarantee loan with CIMB Bank in the event of Death or Total and Permanent Disability (TPD) of the life assured.

Customers who take up business loan with CIMB Bank.  The financial institution as master policy owner whiles the financing applicant as certificate holder.

Entry age limit

(age last birthday)

i)              Minimum age at entry : 21 years old
ii)             Maximum age at entry : 65 years old
iii)            Maximum expiry age    : 70 years old

Policy Term

i)              Minimum term : 1 year
ii)             Maximum term: 7 years

Sum assured

i)               Minimum : RM50,000
ii)              Maximum: RM 1,000,000

This plan covers:

  • Death: The reducing sum assured will be payable in one lump sum upon death of the life assured.
  • Total and permanent disability (TPD) (own & similar occupation): The reducing sum assured will be payable in one lump sum upon TPD of the life assured. 

For more information, please visit any of our CIMB Bank branches nationwide or call 1 300 880 900.

Underwritten by Sun Life Malaysia AssuranceBerhad (197499-U)

Disclaimer:

The description of the features of this Product herein is not a contract of insurance and is only a brief summary of the Product for quick and easy reference.  The precise terms and conditions are contained in the Master Policy of Sun Life Malaysia Assurance Berhad, the Insurer.  The bank accepts no responsibility or liability for this Product and services offered by the Insurer.  

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