• Sun Ultimate Coverage-i

Sun Ultimate Coverage-i is a surplus sharing single/regular contribution term plan that suits for Small and Medium Enterprise (SME)/Commercial clients and high net worth (preferred client) segments who are looking for takaful coverage as income protection, estate liquidity, business continuation, financing protection and estate distribution.

 

This plan provides the following benefits:

  • Death Benefit
  • Total and permanent disability (TPD) Benefit
  • Accidental death/ TPD Benefit
  • Disability allowance Benefit.

 

Death Benefit

100% of sum covered in one lump sum upon death of the person covered, less any indebtedness. The sum covered will be payable from the Participants’ Tabarru’ Fund.

TPD Benefit¹

100% of sum covered in one lump sum if person covered suffers TPD, less any indebtedness. The sum covered will be payable from the Participants’ Tabarru’ Fund.

 

The maximum aggregate amount of the TPD benefit payable with respect to the TPD of the person covered under the contract and all other individual and group contract/certificates shall not exceed RM8,000,000.

Accidental Death/TPD Benefit¹

Additional 50% of the sum covered in one lump sum if the death/TPD of the person covered is due to a covered accident.

 

The maximum aggregate amount of the accidental death/TPD benefit payable with respect to the accidental death/TPD benefit of the person covered under the contract and all other individual and group contract/certificates issued by us shall not exceed RM1,000,000.

Disability Allowance Benefit¹

Additional 3% of the sum covered in one lump sum upon TPD/accidental TPD of the person covered. This benefit will only be payable if the TPD/accidental TPD benefit is paid.

 

The maximum aggregate amount payable on this benefit to the person covered under the contract and all other individual and group contracts/ certificates issued by us is limited to RM30,000.

¹The TPD benefit, the accidental death/TPD benefit and disability allowance benefit  will cease on the contract monthly anniversary immediately following the 65th birthday of the person covered.

Contract term : Flexible tenure from 5 to 20 years

Sum covered : Minimum sum covered of RM500,000

Contribution mode : Flexible choice of single/regular contribution

Underwriting requirement : Full underwriting

 

 

Entry age: Based on the age of your last birthday basis.

Entry age limit:

  Person covered Contract Holder
Minimum entry age 18 years old 18 years old
Maximum entry age 60 years old No limit

 

This product is managed by Sun Life Malaysia Takaful Berhad (689263-M), a Takaful Operator registered with Bank Negara Malaysia under the Islamic Financial Services Act 2013.

Disclaimer: The description of the features and benefits of the takaful product herein is not a contract/certificate 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/Certificate Document of Sun Life Malaysia Takaful Berhad (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 Takaful Operator’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.

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