• Cash Plus Assurance

Cash Plus Assurance is a non-participating single premium reducing term insurance plan which provides death and TPD coverage to offset against the outstanding loan balance. 

Customer who take up personal loan with CIMB Bank Berhad

Entry Age Limit Of Life Assured (Age Last Birthday)

i) Minimum age at entry : 21 years old

ii) Maximum age at entry : 60 years old

iii) Maximum expiry age    : 65 years old 

Policy Term

i) Minimum term : 1 year

ii) Maximum term: 7 years or expiry at age 65 years old, whichever is earlier.

Sum Assured

i) Minimum : RM2,000

ii) Maximum : RM100,000

 

1. Death benefit 
- Upon the death of the life assured, the reducing sum assured as at the date of death will be payable in one lump sum.

2. Total and permanent disability (TPD) 
- Upon TPD of the life assured, the reducing sum assured as at the date the TPD begins will be payable in one lump sum. 
- The TPD coverage shall cease on the certificate monthly anniversary immediately following the life assured’s 65th birthday.