HL TERM LIFE REFUND PLAN PAYS BACK EVERY SINGLE CENT

Hong Leong Bank (HLB) has launched another innovative bancassurance plan that promises customers comprehensive protection plus many other exciting features and benefits. The Hong Leong Term Life Refund Plan is a non-participating endowment plan underwritten by Hong Leong Assurance Berhad.Contrary to conventional term life plan which does not provide any refund on premium paid should the customer survive at the end of policy term, the Hong Leong Term Life Refund Plan rewards customer a 100% refund on all their premiums paid, including any additional premium imposed due to the health condition. Customers can rest assured that they can gain back their paid premiums upon maturity while having peace of mind knowing that they are protected.In addition, this plan also compensates customers with a 100% lump sum of the Sum Assured upon death or Total and Permanent Disability (TPD). If an unfortunate event happens and the policyholder is involved in an accidental death or TPD, the coverage is automatically doubled. The plan also provides the grieving family with an additional bereavement benefit of 10% of the Sum Assured, subject to a limit of RM10,000 in the event of death due to any causes.What's more, as a limited premium payment plan, customers only need to commit premium payments of 5 years less than the policy term. This means that they can continue to enjoy full coverage without worrying about premium payments after that.By opting to purchase the waiver of premium riders at an affordable additional premium, customers will be at ease to know that premiums for their policies will be waived in the event of death, diagnosis of a critical illness or TPD of the payor. The optional Hospitalization Benefit and Critical Illness riders safeguard them on income replacement and medical expenses incurred should they require relevant medical treatments. The refund of premiums is not applicable to premiums paid under all the above-mentioned riders."The Hong Leong Term Life Refund Plan may also be offered to key personnel of corporate companies to protect the companies in the event of any valuable loss of human capital. One of the best features of this plan is that we refund all premiums paid to our customers upon maturity of their plan," said Ms Moey Tan, HLB's Chief Operating Officer for Personal Financial Services.Ms Tan further commented, "We have our customers' best interest at heart; hence the plan endows them with a protection of 200% upon death or TPD caused by accident. Best of all, their premium payments ends 5 years prior to the maturity of their policies and yet their coverage still continues."The Hong Leong Term Life Refund Plan is suitable for those aged between 30 days and 65 years old, both ages inclusive. For more information on this product, please visit any Hong Leong Bank branch or log on to www.hlb.com.my . Product terms and conditions apply.

-END-Press Release - 09/09/2010