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Affordable Premium
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Comprehensive Coverage
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Covers credit card outstanding balance
With Credit Shield Premier, you can now be free of your worries in the event of unforeseen circumstances, as Credit Shield Premier will set off your credit card’s outstanding balance, helping you and your family to get through those challenging times.
Protection from 36 Critical Illnesses, Total and Permanent Disability (TPD), or death
If you suffer from any of the 36 Critical Illnesses, TPD1, or death, the benefit payable under this plan will be used to fully settle your outstanding credit card balance. (Please refer to the Benefit Limits section below for the applicable Benefit Limits.)
Protection from Temporary Total Disability (TTD)
In the event that you suffer from TTD1, your premium for this plan will be waived during this period and the benefit payable under this plan will be used to pay 5% of your outstanding credit card balance2 on a monthly basis. This benefit will continue up to a maximum of 20 months provided that you are still suffering from TTD1. A medical certificate and a medical report will have to be submitted on a monthly basis. (Please refer to the Benefit Limits section below for the applicable Benefit Limits.)
Additionally, if diagnosis of any one of the 36 Critical Illnesses or TPD1, or death occurs during the period when you are suffering from TTD1, a lump sum payment equal to 20 times of the TTD1 benefit minus any TTD1 benefit received is payable under this plan which will be used to settle your outstanding credit card balance.
Protection from 36 Critical Illnesses, TPD1, or death
Type of Credit Card |
Lump Sum Benefit Limits (RM) |
|---|---|
Gold/Classic |
Up to 100,000 |
Platinum |
Up to 300,000 |
Protection from TTD1
Type of Credit Card |
Benefit Limits per Month (RM) |
|---|---|
Gold/Classic |
Up to 5,000 |
Platinum |
Up to 15,000 |
1 TPD/TTD benefit will be applicable should TPD/TTD occurs prior to age 65. TPD benefit will be payable in accordance with Hong Leong Assurance Berhad’s provision.
2 Please refer to the policy contract for Credit Shield Premier for further details.
Assured Member (Life Being Covered) |
Entry Age (Age as of Last Birthday) |
Expiry Age for Coverage |
|
|---|---|---|---|
Minimum |
Maximum |
||
18 years old |
60 years old |
65 years old |
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Personal tax relief is subject to your eligibility and approval from the Inland Revenue Board of Malaysia.
This product is underwritten by Hong Leong Assurance Berhad, an insurer licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.
Disclaimer
The information provided on this page is not a contract of insurance. The descriptions of cover are a brief summary for quick and easy reference. The precise terms and conditions that apply are in the policy document.
This plan is underwritten by Hong Leong Assurance Berhad, and distributed by Hong Leong Bank Berhad. The Bank accepts no responsibility or liability for the plan or the products and services offered by Hong Leong Assurance Berhad.
