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Bijak Malaysia
It's most certainly not just another whole life insurance plan. Indeed, Bijak Malaysia is a bancassurance product engineered to meet your growing life protection needs, whatever your age and station in life may be.
A non-participating whole life plan with limited premium payment where premium payment shall cease from the policy anniversary date after attaining 55 years old onwards, it provides comprehensive coverage against death as well as Total and Permanent Disability (TPD) due to natural and accidental causes.
- Features & Benefits
- Eligibility
- Tax Relief
While many whole life plans out there are each claiming to be superior than the other, Bijak Malaysia certainly stands out from the rest.
Check out the unique features of Bijak Malaysia for yourself:
- Whole life superior protection coverage
- Affordable premiums ranging from RM1,200 to RM6,000 annually
- Extra protection coverage during productive /working years
- Guaranteed Triennial Cash Payment for life @ 5% of Sum Assured until age 88
- Guaranteed Maturity Benefit (Full Sum Assured is payable)
- Pre-packaged, easy enrollment & hassle free(only requires a simple health declaration to get started)
- Initiated by the National Insurance Association of Malaysia (NIAM)
- A bancassurance product with extensive distribution network, for your added convenience
Bijak Malaysia benefits at a glance:
| Protection Benefit | ||||
| % of Sum Assured | Death Benefits |
Total & Permanent Disability (TPD) Benefits* (up to age 65) |
||
Natural Causes |
Accidental Causes |
Natural Causes |
Accidental Causes |
|
| First 2 policy years | 25%** |
400% |
25%** |
200% |
| Policy year 3 up to age 55 years | 200% |
400% |
200% |
200% |
| From age 56 years to 65 years | 100% |
200% |
100% |
100% |
| Thereafter up to age 88 years | 100% |
100% |
nil |
nil |
| Survival Benefit | ||||
| Triennial Cash Payment | 5% of Sum Assured paid out every three years up to policy maturity | |||
| Maturity Benefit | 100% of Sum Assured benefit payout at age 88 | |||
* Coverage for TPD ceases at age 65.
** Lien is applicable only for deaths and TPD due to natural causes during the initial two (2) years of the policy inception, due to underwriting constraints.
Bijak Malaysia is designed to be as simple as possible to enroll in, as there are no stringent medical underwriting requirements – a simple health declaration form is all that is needed to get started.
Consequently, note that as illustrated above, there is an initial lien imposed in the first two years of policy inception on death & TPD due to natural causes – in these cases, only 25% of the Sum Assured is payable. Full benefits are payable in cases of accidental causes.
From the third policy year right up to age 55, a higher Sum Assured is payable for death & TPD, as this is our proactive initiative towards serving you better during the most productive years of one's lifetime.
In addition, this plan provides a guaranteed cash payment amounting to 5% of the Sum Assured which becomes payable every three (3) years from the date of policy inception. Upon attaining age 88, you will receive a maturity benefit amounting to 100% of the Sum Assured.
For more information, visit our nearest branch NOW!
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