• Group Amanah Saham Assurance (GASA)

Reducing term life

 

Designed to provide coverage for the whole tenure* of your Amanah Saham loan.

Guarantees* your loan will be settled

Provides peace of mind in the event that something unfortunate happens to you.

Premium payable in single payment

Payment can be fully or partially financed by CIMB Bank Berhad under the same loan for ASB/ASN.

Additional Features

  • Benefit Payable
    The benefit will be based on the reducing sum assured schedule.

  • Coverage
    In the event of death or total and permanent disability during the coverage period, the reducing sum assured will be payable to master policy owner to offset against the outstanding loan balance.

The certificate term and the initial sum assured should be consistent with the approved loan tenure and financing amount, in order to enjoy the full benefits of this product.

  • There is no benefit payable in the event that the insured survives the certificate term.
  • For total and permanent disability benefit, the life assured has to be continuously disabled for 6 months.

Entry age limit

(age last birthday)

i)         Minimum age at entry : 18 years old

ii)        Maximum age at entry : 60 years old

iii)       Maximum expiry age    : 70 years old 

Certificate term

i)         Minimum term : 5 years

ii)        Maximum term: 30 years or expiry at age of 70 years old whichever is lower

Sum assured

i)         Minimum : RM10,000

ii)        Maximum: No limit but subject to underwriting should the accumulated risk exceeds free cover limit.

* Terms and Conditions apply.

This plan is managed by Sun Life Malaysia Berhad (197499-U), a insurance company registered with Bank Negara Malaysia under the Financial Services Act 2013.

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 (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.