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Product Disclosure Sheet
 You Are Here: ICBC Malaysia >Products & Services >Personal Banking >Insurance >Secure Enhanced Plus
Secure Enhanced Plus
 

A regular premium investment-linked insurance product with limited premium payment term of options 5, 10, 15 or 20 years and it offers a combination of insurance protection and investment up for 30 years or up to age 80 which is guaranteed to be renewed without evidence of insurability at customer’s option, up to age 100. This product provides coverage on Death, Total & Permanent Disability (TPD, up to age 70) and Terminal Illness. Additional benefit up to 400% of Basic Sum Insured will be payable for death (prior to age 70) or TPD (prior to age 70) caused by accident in or on Public Conveyance. This plan also provides No Lapse Guaranteed where policy is guaranteed to be kept in-force during the first 5 Policy Years. 

Features at a Glance

Short-Term Commitment

Pay for 5, 10, 15 or 20 years to enjoy continuous insurance protection for 30 years or up to age 80. This plan is guaranteed renewable up to age 100 of Insured for both coverage term options.

Death / Total and Permanent Disability

Basic Plan

In the event of the Insured’s death, the amount payable shall be the higher of any:

  1. Basic Sum Insured less withdrawals*; or
  2. Account Value

*Partial Withdrawals made for the past 12 months preceding the date of the Insured’s death

The TPD benefit payable is subject to a TPD Limit of RM4 million per life.

Accidental Death or Total and Permanent Disability Benefits

Basic Plan

In the event of the Insured’s Death or TPD due to accident prior to age 70, if there is more than one claim is admitted, only the highest of any one of the following will be payable in addition to the Death or TPD respectively:

Benefits

% of Basic Sum Insured

Accidental Death or TPD

+ 100%

Accidental Death in or on Public Conveyance

of Land Transportation

+ 200%

of Water or Air Transportation

+ 300%

during Public Holiday

+ 400%

The maximum payout of additional Accidental Death or TPD is subject to RM4 million per life.

Terminal Illness Benefits

100% of the Death Benefit will be payable

Other Benefits

Loyalty Bonus

Provided the policy is still in force and all premiums are paid up to date, an additional 2% of the average monthly Account Value over the last 5 years prior to the date of bonus payment to be payable at the end of every 5 policy years, starting from the 5th Policy Year onwards.

Loyalty Booster

Provided the policy is still in force and all premiums are paid up to date, an additional 10% of average monthly Account Value over the last 10 years, payable at the end of 20th Policy Year. This additional 10% of the Account Value shall be subject to a maximum of 10% of Basic Sum Insured.

No Lapse Guaranteed

This Policy is guaranteed to be kept in-force during the first five (5) Policy Years provided:

(a) all premiums are paid up to date; and

(b) there is no withdrawal of Account Value from the policy; and

(c) there is no incremental in the Basic Sum Insured or addition of Supplement after the Issue Date

No Lapse Guarantee is not provided if the Policy is reinstated during the first five (5) Policy Years.

Riders Available

CI Waiver of Premium Benefit

AXA AFFIN Life will waive only Regular Premium due under Basic Plan upon the Insured diagnosed with one or more covered Critical Illness (CI). The coverage term is equivalent to basic premium payment term subject to Age 70 of the Insured, whichever is earlier.

Life & CI Payor Benefit

AXA AFFIN Life will waive only Regular Premium due under the Basic Plan upon the Payor dies or diagnosed with one or more covered Critical Illness (CI). The coverage term is equivalent to basic premium payment term, or Age 23 of the Insured or Age 70 of the Payor, whichever is earliest.

Additional CI Protect

AXA AFFIN Life will provides 100% of the rider sum insured will be payable if the Insured has been diagnosed with a covered critical illness and the amount payable is in addition to the basic plan’s sum insured.

Requirement

Entry Age

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sum Assured

Basic plan:

Minimum

Maximum

Insured

15 days

70 years old

Owner

18 years old

99 years old

Riders:

Rider

Minimum

Maximum

CI Waiver of Premium Benefit

Insured- 15 days

Insured- 65 years old

Life & CI Payor Benefit

Owner- 18 years old

Owner- 65 years old

Additional CI Protect

Insured- 15 days

Insured- 70 years old

 

Minimum Sum Assured : RM 500,000

Maximum Sum Assured : Subject to underwriting

Brochure>>

Product Disclosure Sheet>>


NOTE: This is an insurance product that is tied to the performance of the underlying asset and is not a pure investment product such as unit trust. Return on investment-linked fund is not guaranteed.

For further information on this product please contact or e-mail us at
KL Main Branch : 03-2172 6666 (kl_branch@my.icbc.com.cn )
Puchong Branch : 03-8073 6888 (pcg_branch@my.icbc.com.cn )
Kuching Branch : 082- 272 8888 (kcg_branch@my.icbc.com.cn )
Johor Bharu Branch : 07-2310 888 (jb_branch@my.icbc.com.cn )

Or make an appointment with us by email icbcmalaysia@my.icbc.com.cn


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